STL County submits incentives package for Express Scripts expansion
St. Louis Globe-Democrat
November 1, 2010
St. Louis, November 1, 2010 -- St. Louis County Economic Council today submitted a request to St. Louis County for an incentives package aimed at keeping 1,300 jobs and adding at least 150 new jobs in the next phase of expansion for Express Scripts, the pharmacy benefits management company that has experienced explosive growth over the past few years.
The project would be located at NorthPark in North St. Louis County across Interstate 70 from the company's headquarters. The new 225,000-square-foot building would cost $63 million in real and personal property investment. Retained jobs earn approximately $40,500 annually, and the new jobs would generate an average salary of approximately $60,000 a year.
"With its recent acquisitions, Express Scripts has many options across the country as to where it can locate these jobs," said County Executive Charlie A. Dooley. "We are being very aggressive in trying to keep this great company expanding right here in North St. Louis County."
The incentives would provide 50 percent reduction in real and personal property taxes for ten years.
No final decision has been made by the company as to where the project will be located, but it will be contingent on the County incentive package and a package of incentives yet to be submitted by the State Department of Economic Development and Missouri Development Finance Board.
