BayBio Adds Location Management Services for Expanding Life Sciences Industry; BayBio Members to Save on, Manage Location Costs Through Incentives Negotiation and Management Program Offering
September 21, 2006
BayBio Adds Location Management Services for Expanding Life Sciences Industry; BayBio Members to Save on, Manage Location Costs Through Incentives Negotiation and Management Program Offering. Check it out:SOUTH SAN FRANCISCO, Calif. --(Business Wire)-- Sept. 21, 2006 -- Location Management Services (LMS), a leading provider of world-class site selection, incentive negotiation and compliance services, announced today a partnership with BayBio to provide incentives negotiation and management benefits to BayBio members. LMS will assist BayBio members in securing state, local, and federal credit and incentive programs that will substantially offset the cost of expansion or new construction in the rapidly growing biotechnology industry.
While traditionally the partnered level of incentive negotiation services was only conducted for the largest companies, all members of BayBio will now have access to these services offered by LMS at no upfront cost. Customary incentive packages for the biopharmaceutical industry typically include state and federal programs such as Empowerment Zone tax credits, Federal Renewal Zones, New Market Tax Credits and grants toward new construction, state investment and abatements, as well as job creation programs. Further special incentive programs exist at all levels of government for biotech companies.
"We are pleased that BayBio has chosen LMS as its partner," said Jim Renzas, Chief Executive Officer of Location Management Services. "We look forward to saving its members millions of dollars in their expansion efforts, and are excited that our expertise and experience can help BayBio members take their businesses to the next level."
"While competition for our member companies heats up, with proverbial carrots dangling all over the place, a membership in BayBio now also provides equal negotiation power, especially for life sciences companies that need all the support they can get on their arduous path to delivering cures to patients," commented Matt Gardner, President of BayBio.
About Location Management Services
Location Management Services, founded in Mission Viejo, California, is a leading provider of world-class site selection, incentive negotiation and compliance management services for companies considering new facilities, expansions, consolidations, dispositions, and relocations.
LMS has cumulatively realized more than $2 billion in job creation and investment incentives for its clients as a result of incentives negotiations and compliance management. During the last three years alone, LMS completed more than 700 site selection and incentive negotiation projects.
About BayBio
BayBio is Northern California's life sciences industry association. We support the regional bioscience community through advocacy, enterprise support and the enhancement of research collaboration. Our members include organizations engaged in, or supportive of, research, development and commercialization of life science technologies. BayBio is the regional affiliate for Northern California of the Biotechnology Industry Organization (BIO).
For more information please visit www.baybio.org or call (650) 871-7101.
Related Tags: management services, location management, baybio members, incentive negotiation, incentives negotiation, baybio
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