FabFitFun - Proposal
C&W INCENTIVES BY THE NUMBERS:
2,900 Average Annual Projects
12.1% Average Incentive % of CAPEX
$26,261 Average Incentive per New Job
$4.9M Average Incentive Award
MIDWEST DISTRIBUTION CENTER 363 Jobs | $100.0 Million Investment | 800,000 SF
CVS Health, together with its subsidiaries, provides integrated pharmacy health care services. CVS is a pharmacy innovation company with a simple and clear purpose: Helping people on their path to better health.
APPROACH + + C&W-BIP was engaged to help CVS Health identify the optimal location for its new “Midwest Distribution Center.” The facility was intended to help CVS support its rapid growth and allow the Company to offer expedited shipping to its stores and pharmacies. + + C&W-BIP was engaged to negotiate potential incentives related to this Project. C&W-BIP secured incentives offers from each of the Candidate Locations (Kansas and Missouri) with the Company ultimately choosing Missouri as the state for its growth.
RESULTS + + C&W secured incentives offers from each of the Candidate Locations with CVS ultimately choosing Kansas City, MO as the site for its new fulfillment center. + + Assisted CVS through the incentives approval andagreement negotiations process with the state and local governments.
+ + C&WBIP secured an incentives package in excess of $25.0 Million, Including a 22-year property tax exemption on the land and the building and a 10-year exemption on equipment for the distribution facility.
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