Hill International, the Marlton-based, multinational
construction-management and consulting company, says it has settled on
Brandywine Realty Trust's One Commerce, Square, 2005 Market Street, as the new
location for its corporate headquarters. "We expect to move 120 jobs from
Marlton immediately when our (Philly) lease begins next May, and to add up to
100 more" by 2018, David Richter, Hill's president and chief operating
officer, told me. He expects the later group of 100 will be "new
hires," Richter added.
"Hill will be paying higher rent" in
Philadelphia, Richter said. But he's been talking to Philadelphia and
Pennsylvania officials about taxpayer incentives to move to a 60,000 sq. ft.
downtown space since I wrote about Hill's search fall. Result: "We received financial incentives from
the Commonwealth and the City totalling $4.4 million," mostly in grants,
Richter says. The state and city have offered sweeteners that will more than
cancel higher costs of a few dollars a square foot for years to come:
That includes state money:
- $1 million from a Pennsylvania First program grant
- Up to $666,000 in Pa. Job Creation Tax Credits
- Up to $34,000 in Pa. Workforce and Economic Development
Network training funds
Plus city money:
- Up to $1.15 million in Philadelphia Job Creation Tax
Credits
- $750,000 in a low-interest Philadelphia city loan
- 450,000 in Phila. Job Training Grants
- $345,000 in a "forgiveable" Philadelphia
Industrial Development Corp. loan
In a statement, Pa. Gov. Tom Corbett referred to the jobs
Hill plans to move a few miles west as well as the expected future hires as "new
jobs," from Pennsylvania's point of view, and noted the company already
employs 134 at sites in Pennsylvania (the company has an existing office in the
Graham Building on 15th below Market.) Mayor Michael Nutter welcomed Hill and
credited the city Commerce Department and PIDC along with the state for helping
close the deal.
Source: Philly.com
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