AMERICAN PHARMACEUTICAL PARTNERS (APP)
"CBRE Consulting assisted the company in expediting incentives approvals
in order to “break ground” in the first quarter of 2005...
An incentive package totaling $14.6 million over 15 years ...was negotiated.
An incentive package totaling $15.2 million over 20 years ...was also negotiated.
Community visits included interviews with similar operations,
identification of market-ready real estate options and incentives availability.
Incentives, valued in excess of $2.5 million,
included workforce training assistance, job-creation tax credits
and property tax abatements.
($16,000 per job, 31 percent of capital investment)
Key decision factors included accessibility to major airport, quality of life,
strong business environment and aggressive economic incentives
to support relocation and start-up costs.
CBRE Consulting was retained to conduct a strategic location analysis
and incentives negotiation.
The team worked with city and state officials
to identify available economic incentives
to help offset relocation and long-term operating costs.
Economic incentives package totaling $2.5 million
...includes headquarters job creation tax credits,
workforce training assistance, relocation services,
a discretionary grant from the state and significant press coverage