Minnesota Food Industry Giants Join To Address Food Insecurity and Climate Change
Fourteen Minnesota-based organizations have joined to create MBOLD, a coalition for food and agriculture. The companies and research groups (including Target, General Mills and the University of Minnesota) will use their shared knowledge and global reach to address problems, particularly the changing climate and growing demand for food.
MBOLD will focus on various issues impacting the food and agriculture industries, such as:
Soil health and water stewardship: MBOLD is engaging farmers and ranchers to adopt new practices and support them through the risks, with the idea of building soil health and reducing emissions to tackle climate change and make the food system more resilient.
Recycling and reusing soft plastics: Flexible films are used throughout the food and agriculture sectors for food packaging, hay bales, pallet wrap and more, but only a fraction of it is recycled. MBOLD aims to develop a circular economy for flexible packaging films to cut waste and give these materials a second life.
Innovation and entrepreneurship, through capital access, development opportunities or mentorship.
Food insecurity in the time of the pandemic: MBOLD is using a data-driven approach to get ahead of food insecurity at the local level and spurring deeper public-private collaboration.
Together, the fourteen organizations sell food in more than 125 countries, and have expertise in many different fields. MBOLD will be housed at the Greater MSP office in St. Paul.
Are you developing new products, processes or inventions? Did you know your R&D experiments could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’s largest Specialist R&D tax advisory firms, offering tax credibility assessments, claim preparation, and advisory services. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs and CFPs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.