Chester County to Lose Its Only Fortune 500 Company

Image of AmerisourceBergen's soon-to-be-constructed headquarters in Conshohocken via the Keystone Property Group.

AmerisourceBergen is planning a new headquarters in Conshohocken for employees from both its current headquarters in Chesterbrook and its smaller Conshohocken office, writes Joseph DiStefano for the Philadelphia Inquirer.

According to Gov. Tom Wolf, in addition to keeping those 1,500 jobs in the state, the pharmaceutical wholesaler will also create at least 500 new jobs in information technology, accounting, and other central functions at the new headquarters by 2023.

Construction on the 12-story, 427,000-square-foot tower is scheduled to begin this year and be completed by 2020.

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Before settling on the location for its new headquarters, AmerisourceBergen was courted by New Jersey and Delaware. However, the best offer came from the Wolf Administration, which has approved $8 million in state-matching funds from the Redevelopment Assistance Capital Program “to assist with facility development and construction costs.”

AmerisourceBergen was also promised $1.7 million in Job Creation Tax Credits once it adds the new jobs.

By increasing its presence in Pennsylvania, AmerisourceBergen will give a “significant boost to the regional economy,” said Wolf.

Read more about AmerisourceBergen in the Philadelphia Inquirer here.

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