(KMOV) -- Missouri Governor Jay Nixon joined executives and employees of Express Scripts to announce an expansion at the company's headquarters in North St. Louis County.
Express Scripts will consolidate operations from several locations in Maryland Heights to a new $73 million dollar building at I-70 and Hanley. The expansion will lead to the creation of 150 new jobs, with an average salary of $60,000 a year.
To help pay for the new facility and convince Express Scripts to build their new facility here, state and local officials gave the company a package of financial incentives. The state of Missouri provide $4 million in tax credits and the exemption of state sales and personal property taxes. St. Louis County gave the company a 10 year tax abatement on half the property of the new facility.
The University of Missouri St. Louis conducted a study on Express Scripts' economic impact in 2010. The study showed the company and its suppliers spent $902 million, Express Scripts employs 5906 in the St. Louis area with a $732 million payroll and paid $25.5 million in taxes this year.
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