Global Consulting Firm Establishes HQ in Greater Philadelphia
LECG to Create and Retain Nearly 400 Jobs in Chester County
Philadelphia, PA (March 11, 2010) – LECG, a global expert services and consulting firm, will relocate its world headquarters to the Greater Philadelphia Region.
The Governor’s Action Team secured a $371,000 funding offer from the Department of Community and Economic Development for the project. The offer includes a $200,000 opportunity grant and $171,000 in job creation tax credits. Select Greater Philadelphia provided the company’s representatives with information and data to help them make an informed decision about the benefits of locating their headquarters in Greater Philadelphia.
The company’s corporate headquarters includes a 52,400 square-foot facility in Devon, PA, the former headquarters of SMART Business Advisory Consulting, which recently merged with LECG. The $2.1 million project will create 57 jobs within three years and retain 329 existing positions.
“The Governor’s Action Team made a compelling case for the Greater Philadelphia location with an attractive incentive package,” said Tom Morr, President & CEO of Select Greater Philadelphia.
LECG is a global expert services and consulting firm with approximately 1400 professionals in 39 offices around the world. The firm provides independent expert testimony, original authoritative studies, and strategic advisory and financial advisory services to clients including Fortune Global 500 corporations, middle market firms, major law firms, and local, state, and federal governments and agencies worldwide.
“Greater Philadelphia is a region that offers a valuable mix of highly-skilled workers and a wide network of business opportunities,” said Steve Samek, CEO of LECG. “Select Greater Philadelphia helped us to navigate quickly through the decision making process with critical data on the region’s key assets.”
Greater Philadelphia is located at the core of the country’s wealthiest region. In 2009 within a 200-mile radius of Philadelphia there were more than 46 million residents with a combined income of $1.46 trillion. Approximately 98 million people, 31.9% of the total U.S. population, lived within a 600-mile radius of Center City Philadelphia in 2008.
As the 4th lowest rental rate for Class A office space among the 12 largest metro areas during the 3rd quarter of 2009 at $27.55 per square foot, Greater Philadelphia provides a strong option for companies looking to expand or locate in the major U.S. market along the East Coast. Also, with 92 colleges and universities, the Greater Philadelphia region continues to fuel a talented and highly-skilled workforce.
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About Select Greater Philadelphia
Select Greater Philadelphia (Select) is an economic development marketing organization dedicated to attracting companies to the Greater Philadelphia region. Select assists companies interested in the vicinity by providing detailed information about the 11-county area and a one-stop connection to numerous resources that help companies make informed decisions about locating to the region. Through global marketing efforts, Select works to promote the region’s key assets to help build the area’s economy. The Greater Philadelphia region encompasses northern Delaware, southern New Jersey and southeastern Pennsylvania. Select is a private, non-profit organization and an affiliate of the Greater Philadelphia Chamber of Commerce. For more information, visit www.selectgreaterphiladelphia.com or call 215-790-3777. |
