Allergan Sales, the U.S. subsidiary of Dublin-based global pharmaceutical giant Allergan plc, will use over $58 million in state incentives to consolidate its current New Jersey-based operations and develop a new U.S. headquarters in Madison.The announcement comes after the Economic Development Authority voted Tuesday to approve Allergan for a 10-year, $58.2 million Grow New Jersey award.
Currently, Allergan maintains its U.S. headquarters in Parsippany and also has offices in Bridgewater, Jersey City and Rockaway.
“With its highly skilled pharma talent, research-focused universities, many leading health care systems, rich pool of biopharmaceutical innovators and access to capital markets, New Jersey remains a strong fit for Allergan, and we are proud to continue to be a part of New Jersey’s vibrant health care ecosystem,” Allergan CEO and President Brent Saunders said. “The combination of these operations brings together key functions of our organization into a single location and will help us maximize efficiency, enhance collaboration and build stronger bridges between our colleagues as we continue to develop and deliver innovative products for patients around the world.”
According to the EDA, the project, located at 5 Giralda Farms, would create 300 new full-time jobs and retain 1,019 positions that are currently based in New Jersey.
Allergan was said to also be considering a location in Lansdale, Pennsylvania, offering 344,280 square feet of space.
The EDA estimates that the project will yield a net benefit to the state of $385.1 million over 20 years.
“Allergan is a significant employer in New Jersey, and its presence adds to the state’s leadership in the pharmaceutical sector,” EDA CEO Melissa Orsen said. “Encouraging investment and growth in targeted industries, including life sciences, is one of the primary objectives of the Grow NJ program.”
Grow New Jersey awards worth over $58 million in incentives were also approved Tuesday for two projects in Camden, with the larger being a 10-year, $40 million award for ACTEGA North America, a division of printing and manufacturing industry manufacturer Altana AG.
The project calls for ACTEGA to relocate existing locations in Delran and Cinnaminson to 130,000 square feet of space along Admiral Wilson Boulevard. According to the EDA, the project would create 21 new full-time jobs and retain an additional 79 positions.
The EDA estimates the project would carry an estimated net benefit of $5.4 million over 35 years. ACTEGA is also considering an alternative site in Stanley, North Carolina.
Camden also saw the approval of a 10-year, $18.3 million Grow New Jersey award for Dubell Lumber Co. to locate a new centralized facility on a 9.41 acre lot on Mount Ephraim Avenue. The company, which already maintains seven locations in southern New Jersey, is also considering a site in Newark, Delaware.
According to the EDA, the project would bring 30 new full-time positions to New Jersey and retain an additional 92 positions. The EDA estimates that the project would yield a net benefit of $19.4 million back to the state over 35 years.
An Economic Redevelopment and Growth grant worth up to $2.7 million was also approved for the Camden-based Downtown Works and Urban Renewal Housing Co. and Cooper Grant Neighborhood Association for the rehabilitation of a currently-vacant six-story building on Cooper Street.
When completed, the building, located in the city’s Downtown University Village District, will offer 32 new residential units.
Other awards approved Tuesday include:
Name: Broadridge Financial Solutions Inc.
Service: Investor communications and technology services
Award: 10-year, $23.4 million Grow NJ
Benefit: $145.1 million to the state over 20 years
Notable: Would retain 553 full-time positions.
Name: Demountable Concepts Inc.
Service: Transportation industry manufacturer
Award: 10-year, $2 million Grow NJ
Benefit: $12.2 million to the state over 20 years
Notable: Would create 20 full-time positions, retain 70 full-time jobs.
Name: New Avon LLC
Service: North American successor business of cosmetic giant Avon Products Inc.
Location: Jersey City
Award: 10-year, $31.6 million Grow NJ
Benefit: $67.7 million to the state over 20 years
Notable: Would create 396 full-time positions.
Name: PsychoGenics Inc.
Service: Preclinical nervous system testing services
Award: 10-year, $3.7 million Grow NJ
Benefit: $22.4 million to the state over 20 years
Notable: Would create 82 full-time jobs, retain 35 full-time jobs.
Name: United Asphalt Company
Service: Flat-roof product manufacturer
Award: 10-year, $1.3 million Grow NJ
Benefit: $4.7 million to the state over 20 years
Notable: Would create 8 new full-time jobs, retain 19 full-time positions.