Missouri Pharmaceutical R&D Firm Receives over $5.5 Million in Incentives

Client Profile

Industry: Pharmaceutical Research & Development
Annual Revenue: $2 billion
Entity Type: Private
Geographic Footprint: International

CBIZ helps with expansion.Issue

A pharmaceutical R&D firm in Missouri sought to expand its current location by renovating existing buildings and adding new equipment, which totaled an investment of over $40 million. In addition, the company planned to create several hundred new jobs.


CBIZ’s Tax Incentives Group worked with the firm to proactively develop a detailed spreadsheet of all investment expenditures, new job wages and benefits and the timeline to accomplish this project. We incorporated the information into an application for economic development incentives and presented it to the state economic development agency. Our team completed the application and assisted throughout the reimbursement process to ensure the pharmaceutical firm maximized its available benefits.


The state approved the pharmaceutical firm for financial benefits that both reduced its tax liability and provided a direct cash incentive, which totaled nearly $5.5 million in state incentives. CBIZ helped the company ensure that all requirements for the incentives were met and the benefits were distributed according to a defined, multi-year schedule.

Assistance in Obtaining Economic Development Incentives in Missouri

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Missouri Pharmaceutical R&D Firm Receives over $5.5 Million in IncentivesMissouri tax incentives helped offset the cost of a pharmaceutical firm's expansion....2017-09-08T20:56:00-05:00

Missouri tax incentives helped offset the cost of a pharmaceutical firm's expansion.

Planning & Tax MinimizationState & Local Tax