HelloFresh, an international meal kit company with offices in New York City and Germany, chose to relocate and expand its operations to Newark, NJ. After a nationwide search, the firm decided to lease a 217,000 square foot distribution space and an additional 20,000 square feet of office space in downtown Newark. The NJ Economic Development Authority estimates the project will yield a net benefit to the state of $4.1 million over 20 years.
HelloFresh is committed to science-based emissions reduction targets. In the US, HelloFresh piloted a new software that optimizes energy use by the refrigeration systems in distribution centers. Refrigeration is the largest electricity consumer in the company’s operating facilities, and HelloFresh is now rolling out the software across all US facilities. HelloFresh US has also sourced renewable electricity for 100% of its facilities since 2020. This was accomplished by procuring renewable wind energy in electric deregulated states and using renewable energy credits (RECs) in these states.
BLS & Co. secured an incentives package for Nestlé Waters North America Inc, relocating its North American headquarters from Greenwich to Stamford, CT. The Stamford location meets the U.S. Green Building Council’s Leadership in Energy and Environmental Design® (LEED) standards for green buildings.
To help fund the project, BLS & Co. secured an incentives package comprising of low-interest loans, state tax credits and tax exemptions.
BLS & Co. was engaged by AbleTo Inc, a behavioral healthcare provider, to provide an incentives strategy for its planned new facility. The company was rapidly expanding, seeking to create new jobs in its technology and software development division with wages over $100,000 annually.
As part of the incentives package, AbleTo Inc., was approved for Excelsior Jobs Tax Credit incentive program for steadily creating new jobs in the state of New York.
BLS & Co. advised Colgate Palmolive on behalf of a new personal care products manufacturing plant in Greenwood, South Carolina. The initial search geography included the southeastern and mid-Atlantic United States. BLS & Co.'s energy services group performed infrastructure due diligence on the preferred site, identifying several critical issues to be remedied. The incentive package was comprised of various tax credits for job creation, investment, and port usage; a closing fund grant award; sales and use tax exemptions, training assistance, and property reductions.
Subaru, which had outgrown its space in Cherry Hill, NJ, hired BLS & Co. to evaluate locations for a new ground-up headquarters and service engineering center. After considering sites in New Jersey and Pennsylvania, the firm chose to locate adjacent to the Campbell Gateway District in Camden, NJ.
BLS was pleased to work with MycoWorks, a producer of a biomaterial made from mycelium, on the site selection for their first commercial-scale plant. The finished product is used to make consumer products such as luxury bags, luggage, shoes and other apparel from a sustainable and renewable “leather substitute” material. After a national search for suitable locations to meet operating requirements and other siting criteria, a location was selected and announced in March 2022 in Union, South Carolina. BLS also assisted MycoWorks in the negotiation of a competitive incentives package from both Union County and the South Carolina Department of Commerce.
An existing 100k SF spec building was fitted out to the company’s operational needs, and a 30,000 SF office was added on to the building to house corporate operational functions as well as plant management. The estimated total investment is $100 million. MycoWorks officially began production in the new facility in October 2023 with plans to hire 130 employees.
As sustainability in the manufacturing process was important to the company, BLS also provided negotiation support for renewable energy purchases for the South Carolina facility, as well as Renewable Energy Credits (RECS) for another facility the client operates in California.
BLS & Co. served as incentives advisor during the relocation of the headquarters of CPG International from Skokie, Illinois (part of the Chicago MSA). Complicating the move was the need to move the C-Suite to the new location in advance of the rest of the headquarters staff, necessitating the potential for staged growth, potentially in multiple locations. Other locations considered included downtown Chicago and Cincinnati, OH.
BLS & Co. provided incentives advisory services for SKF USA Inc.’s new Global Technical Center – Americas (GTCA), an engineering research and development center supporting SKF’s North and South American manufacturing operations. Naperville, IL -- a suburb of Chicago – was chosen for the 130,000 square foot build-to-suit facility.
BLS & Co. served as site selection and incentives consultant for Bristol Myers Squibb’s new $2.3B multi-modal manufacturing facility in Houston, Texas. The project continued BLS & Co.'s decades-long relationship with BMS that has also involved substantial office and manufacturing projects in Florida and Massachusetts.