ESRP Procures the Second Largest Incentives Award in Texas

 

ESRP’s Incentives Group, led by Susan Arledge and Ann Harts, successfully negotiated the second largest award from the Texas Enterprise Fund in this fiscal year on behalf of their client, NTT Data.  The team procured additional incentives from the City of Plano.  ESRP’s Steve Jarvie and Damian Rivera represented the client in negotiating the lease at One Legacy West.

With a focus on strategy and timing, ESRP’s Incentives Group has a depth of expertise and knowledge of incentive programs across the country.  In addition to identifying and negotiating the incentives, ESRP’s team ensures the benefits are integrated with their client’s overall tax, financial, and operational strategies.

As a part of the incentives package, Texas is kicking in $7.5 million from its deal-closing fund to assist NTT Data Services’ move into Plano’s $3 billion Legacy West development.

Gov. Greg Abbott announced the award from the state’s Enterprise Fund on Wednesday. It’s the largest incentive handed out since McKesson Corp. received $9.75 million in March 2016 to locate a pharmaceutical distribution center in Irving.

NTT Data Services is a division of Japan-based NTT Data Corp., a global giant in information technology services with more than 110,000 employees in 50 countries.

In January, NTT Data announced it would move its North American headquarters to Legacy West, not long after spending $3 billion to buy the former Perot Systems data services operations in Plano from Dell Inc. The company already had a large office at the southeast corner of Dallas North Tollway and State Highway 121 before the Dell purchase.

NTT Data said it planned to consolidate workers and lease five floors in the new One Legacy West tower on Legacy Drive at State Highway 121 in Plano. Earlier this week, it added another floor in the 14-story office building.

The company joins a growing roster of major employers at Legacy West. Toyota has been moving 4,000 workers into its new North American headquarters and work is underway on office towers for Liberty Mutual Insurance and JPMorgan Chase.

“This cutting-edge company, combined with Texas’ business-friendly environment and high-skilled workforce, will undoubtedly make for a long and productive partnership,” Abbott said in a statement.

NTT Data will invest $28 million in the new office space, according to the state.

 

Originally published by the Dallas Morning News

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