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Nearly every state in the United States now recognizes life sciences as a key targeted industry for economic development purposes. It’s reflected in state and local targeted industry studies, strategic plans, workforce training initiatives, and incentive policy. The playbook often looks familiar: recruit a marquee life science manufacturing company, assemble an attractive incentive offer and market the win as proof of a growing cluster.
Incentives are still a powerful tool for advancing corporate location decisions, but they're no longer the backstop they once were. Projects are missing targets. Programs are changing. Compliance is becoming more complex. At Newmark, we’ve watched these shifts unfold firsthand while supporting clients across North America and around the globe. What we’re seeing now is a realignment of how incentives are structured, measured and delivered—and it's catching some companies off guard.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
