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Life Sciences

As emerging markets compete for the industry's next wave of life sciences investment, Biggins Lacy Shapiro & Co. helps companies identify locations that provide the talent, infrastructure, innovation ecosystem, cost-competitiveness and development certainty needed to enable long-term growth. Since 2020, BLS & Co. has supported more than 20 announced life sciences projects totaling over $68 billion in investment.

Life Sciences

As emerging markets compete for the industry's next wave of life sciences investment, Biggins Lacy Shapiro & Co. helps companies identify locations that provide the talent, infrastructure, innovation ecosystem, cost-competitiveness and development certainty needed to enable long-term growth. Since 2020, BLS & Co. has supported more than 20 announced life sciences projects totaling over $68 billion in investment.

Key Stats since 2020

$68B

in investments

23

projects announced

11,000+

announced new jobs

Industry Overview

Life sciences location decisions have never been more complex. Companies across biotechnology, pharmaceuticals, diagnostics, medical devices and testing industries must balance access to scientific, engineering, commercial and manufacturing talent with growing demands for power, water, infrastructure and specialized facilities.

BLS & Co. helps companies navigate these tradeoffs to identify and qualify locations that can support increasingly complex operations, accelerate speed to market and manage risk and control costs. Drawing on decades of experience advising some of the world's leading life sciences companies, BLS brings together location strategy, labor market analysis, infrastructure and utility due diligence, incentives strategy and site development risk assessment to help clients make confident, long-term investment decisions.

Location Strategy

BLS & Co. helps clients select locations for administrative, research, development and manufacturing facilities, as well as corporate headquarters, and works with companies to obtain economic development incentives. Our services include:

  • SITE SELECTION: We help clients optimize their location choices via deep process expertise, problem solving skills and situational awareness. We employ the most effective analytical tools and databases available to evaluate labor markets, logistics, costs, regulatory environments and other critical location variables.
  • SITE, FACILITY, AND INFRASTRUCTURE DUE DILIGENCE: Our due diligence includes fiber assessments and energy service/cost.
  • LOGISTICS AND SUPPLY CHAIN OPTIMIZATION: BLS & Co. helps manufacturers address issues related to supply chain including transportation cost analysis and comparison, network optimization, evaluation of number and location of plants, supplier identification, waste reuse/disposal opportunities, and other concerns.

Incentives Advisory

We are best known for the breadth and sophistication of our incentives advisory services and have been involved in transactions in almost every state. Through our international partners we are also able to serve clients elsewhere in North and South America as well as Europe and Asia.

OUR INCENTIVES SERVICES INCLUDE:

  • STRUCTURING AND NEGOTIATIONS: We identify all incentives that might be available to a project; evaluate if a company will be able to efficiently use the benefits; and negotiate with public entities to achieve the optimal balance between value and business flexibility for each relevant program. We do so while closely coordinating with our clients’ real estate due diligence, acquisition and disposition process, and by crafting a communications strategy and protocols to protect project confidentiality and ensure a company’s public relations standing.
  • COMPLIANCE AND ADMINISTRATION: Incentives awarded for a project typically involve substantial procedural requirements, necessitating the establishment of monitoring, reporting and compliance systems. We work with clients to provide a post-closing “roadmap” of all reporting and claiming requirements and can manage these compliance activities on an annual cycle over the life of the particular grant or tax credit.
  • TAX CREDIT SALES: We frequently are able to arrange the sale of any unused tax credits when state programs allow such transfers or sales. We provide advice and support in connection with the initial filing and approvals required to issue a tax credit certificate.

Energy Services

Additional Capabilities

Trusted by Leading Companies

AbbVie
AmerisourceBergen
Biogen
BioMarin
BlueRock Therapeutics
Bristol-Myers Squibb
Cellectis, Inc.
Colgate Palmolive
Eli Lilly
Gusmer Enterprises
Johnson & Johnson
Kuehne+Nagel
LabCorp
Mallinckrodt Pharmaceuticals
Merus
Moffitt Cancer Center
Otsuka
Quest Diagnostics
Roche / Genentech
Sana Biotechnology
Schott Pharma
Teva

Representative Clients

AbbVie
AmerisourceBergen
Biogen
BioMarin
BlueRock Therapeutics
Bristol-Myers Squibb
Cellectis, Inc.
Colgate Palmolive
Eli Lilly
Gusmer Enterprises
Johnson & Johnson
Kuehne+Nagel
LabCorp
Mallinckrodt Pharmaceuticals
Merus
Moffitt Cancer Center
Otsuka
Quest Diagnostics
Roche / Genentech
Sana Biotechnology
Schott Pharma
Teva

Case study

Eli Lilly

BLS & Co. has advised global pharmaceutical leader Eli Lilly & Company (Lilly) on competitive site searches supporting 13 new global sites since 2020 accounting for more than $57 billion in announced investments in next-generation production facilities. Our engagements with Lilly date back more than two decades.

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Case study

Bristol Myers Squibb

BLS & Co. has served as site selection and incentives advisor to Bristol Myers Squibb dating for more than two decades. Our engagements have included complex and highly competitive nationwide searches for both manufacturing and office projects resulting in over $3.3 billion in announced investment.

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Case study

Genentech

BLS & Co. serves as location and incentives advisor to Roche, Swiss multinational healthcare leader, and its subsidiary Genentech, the South San Francisco-based biotechnology industry leader. Our engagements with Roche date back to 2012, supporting over $2.7 billion in announced investments.

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Our recent

Life Sciences

Articles

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What Caused the 2020s U.S. Pharma Manufacturing Wave?

Part one of our three part analysis of the life sciences industry examines how scientific innovation, tax reform, industrial policy and federal pricing and trade pressures converged to drive the wave of U.S. pharmaceutical manufacturing investment in the 2020s.

learn more

Winning Foreign Direct Investment in an Uncertain Economy

Tracey Hyatt Bosman and Michelle Comerford discuss which communities are best positioned to attract and sustain long-term business investment amid an uncertain economy.

learn more

How U.S. Biopharma Changed in 2025 and What It Means for 2026

Andrew Shapiro takes an inside look at the changing biopharma landscape in 2026.

Latest announcements

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Genentech Announces $750 Million Expansion of Hillsboro, Oregon Facility

‍8.20.26

‍

Genentech’s expansion will double the facility’s size, create 250 high-wage manufacturing jobs and add new capabilities to support the production of next-generation medicines and drug delivery devices.

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Bristol Myers Squibb to Build $2.3 Billion Manufacturing Campus in Houston, Texas

8.10.26

‍

Bristol Myers Squibb’s approximately 600,000-square-foot campus at Generation Park will create nearly 500 skilled jobs and expand the company’s U.S. manufacturing capacity for small molecules, biologics and antibody-drug conjugates.

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AbbVie Announces Largest Ever Single Campus Investment in Durham, North Carolina

4.22.26

‍

AbbVie’s largest-ever investment in a single campus will create more than 700 jobs and use advanced manufacturing, laboratory technologies and AI to support production of the company’s immunology, neuroscience and oncology medicines.

BLS & Co. Life Sciences Guide

Life sciences location decisions require companies to navigate complex considerations ranging from workforce and infrastructure to utilities, development timelines, incentives and regulatory requirements. BLS & Co. brings deep site selection and incentives experience to help life sciences companies evaluate these factors, mitigate risk and make informed location decisions.

This overview highlights BLS & Co.’s integrated capabilities across location strategy and site selection, incentives advisory, utility and energy strategy, labor market analysis, site readiness and implementation support. It also showcases the firm’s extensive life sciences experience, including work with Eli Lilly, Bristol Myers Squibb, AbbVie, Johnson & Johnson and Genentech on major manufacturing investments across the U.S. and Europe.

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Contact Us to Learn More

Jay Biggins

Executive Managing Director

Kyle Syers

Senior Manager