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$1.3 million in funding to Pepsico from Dept. of Agriculture.
12/23/13
$1.3 million in funding to Pepsico from Dept. of Agriculture.
Pepsi and Theo Muller Group are teaming up to open a yogurt manufacturing facility at the Genesee Valley Agri-Business Park in New York.
Unable to use the supplied municipal water in the yogurt-making process or the $4.2 billion in cash on its balance sheet, Pepsi gladly accepted slightly more than $1.3 million in funding from the U.S. Department of Agriculture and the Department of Commerce.
The money will be sued to build a new aquifer-direct water supply system, a new road leading to the plant, and to improve the parks' wastewater capacity despite Pepsico making $66 billion dollars in revenue.
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