Penza, 25 March 2016. PenzaNews. The investment council of the Penza region government agreed to support “Regional Production Plant,” an agricultural investment project for growing grain, oil-bearing crops and early potatoes in the Shemysheika area.

Photo: Econom.pnzreg.ru

The planned investment volume of the project is 395 million rubles.

The enterprise is expected to generate over 40 jobs, facilitate the import replacement process and provide high-quality local produce to the population.

The investor will begin working on the project in April.

“By the end of the meeting, we agreed to support the project via an investment agreement, which will allow the investor to get tax preferences in the form of reduced property tax requirements,” the Penza region Economy Ministry informed PenzaNews.