Bristol-Myers Squibb

Integrating site selection and incentives to add value, reduce risk and save time

BLS served as site selection and incentives consultant during a complex and highly competitive nationwide search for the location of a new $1.3 billion biologics manufacturing facility. In 2006 the company announced the choice of the former Devens Army post in Massachusetts as the designated site and is now in construction. BLS managed labor market analyses, site due diligence, development approvals and acquisition and incentives designed around Bristol-Meyers Squibb's diverse project requirements.

Results:

  • 550 jobs created
  • $1.2 billion investment (Phase I: $660 million)
  • Incentives valued at $367 per square foot

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