The U.S. Department of Agriculture (USDA) and the Department of Commerce are spending
over $1.3 million to help the world’s largest snack food maker build a Greek yogurt factory in New York.
Last year, PepsiCo Inc. earned net revenues of $66 billion. Looking to expand their earnings, the corporation is now teaming up with the German company Theo Müller Group to sell “premium yogurt products in the U.S.
Considering the company’s billions of dollars in annual profits and the plentiful demand for the Greek yogurt nationally, Pepsico clearly does not need handouts from the government to subsidize its private business.
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