FMC Corp. To Locate Global Headquarters in Philadelphia, Pennsylvania
The company looked at different options both in Pennsylvania and out-of-state, Gov. Tom Corbett’s Office said. The firm decided to relocate its global headquarters to 253,000 square feet of office space at Brandywine Realty Trust’s planned Cira Centre South Tower development at 30th and Walnut streets. The Tower will be known as FMC Tower at Cira Centre South.
FMC Corporation will invest approximately $33 million in tenant improvements, including; the outfitting of its new office space, office equipment, furniture, fixtures and software, as well as IT, phone and security systems. The firm will move its existing 525 jobs to the new offices and create at least 75 high-skilled, professional, positions over the next three years.
“It’s an exciting time at FMC as we grow our company and workforce,” said Pierre Brondeau, President, CEO and chairman of the board of FMC Corporation. “We’re proud to call Pennsylvania and Philadelphia our home, and today’s announcement underscores FMC’s long-term commitment to this great city. As one of the fastest growing specialty chemical companies, our ability to retain and attract the best talent is critical to our success.’’
“FMC Tower at Cira Centre South will provide an office environment that encourages employee collaboration, engagement and creativity. Located at the gateway to University City, with close proximity to Drexel University, University of Pennsylvania and the University Science Center, we’re thrilled to partner with Brandywine to move this development from concept to reality by 2016,” Brondeau added.
“Global companies like FMC have the opportunity to expand anywhere in the world, but FMC chose to grow here,” Gov. Tom Corbett said. “Today marks the start of another major development project in Philadelphia, and new development means more jobs are coming.”
The company received a funding offer from the Department of Community and Economic Development, which included a $3 million Pennsylvania First Program grant. FMC Corporation will be eligible to apply for $2 million in funds from the Economic Growth Initiative. Additionally, the commonwealth will redirect $5 million from a previously awarded Redevelopment Assistance Capital Program grant to support the development. While the Cira Centre South Tower development is located in a Keystone Opportunity Improvement Zone, according to the Governor’s Office, FMC will not pursue KOIZ benefits.
The project was coordinated by the Governor’s Action Team in collaboration with the City of Philadelphia and the Philadelphia Industrial Development Corporation.
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