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Case study

Royal Bank of Scotland

Project Overview

BLS & Co. developed and executed an incentives strategy to induce the company to consolidate Royal Bank of Scotland's North American corporate bank, based in NYC, and its RBS/Greenwich Capital headquarters in a new office and trading floor in Stamford, CT. The package consists of transferable corporate income tax credits and other incentives in connection with the proposed retention and creation of approximately 1,800 jobs. The scale of this package required legislative hearings and consent.

Results

  • 1,800 jobs retained/created
  • 500,000 square feet of space
  • $345,000,000 investment