Duff & Phelps assisted Diebold with business incentive advisory services and partnered with their real estate advisors to determine the best option for the company, e.g. expanding their existing HQ and consolidating other operations into the campus or relocating the HQ to a new state. The project entailed the creation/retention of approximately 1,500 well-paying jobs with capital investment in a facility and personal property ranging from $50 - $100 million.
Duff & Phelps' Role
Duff & Phelps partnered with our client’s real estate advisors and identified two preferred sites in different states. We obtained NDA’s from state and local officials and negotiated incentives offers, on an anonymous basis. The state and local incentive offers in the company’s home state and a competing state were approximately $35 million. The incentives included significant cash-based incentives, reduced cost land, tax credits and infrastructure assistance.
About Diebold Incorporated
Diebold, Incorporated was founded in 1859 and is headquartered in North Canton, Ohio. The company provides financial self-service delivery, integrated services and software, and security systems primarily to the financial, commercial, retail, and other markets.