The company serves clients in the automotive, IT, and engineering industries.
Pfizer, one of the world's largest pharmaceutical companies, announced earlier this month an agreement to purchase 29 acres of land from Altarum in Ann Arbor. The company plans to invest as much as $800 million in expanding its Ann Arbor laboratories within the next six years.
The company develops, manufactures and markets leading prescription medicines, for humans and animals.
In addition to a small business tax credit, the state is granting an abatement of the six-mill state education tax for 12 years worth an estimated $10.7 million. The city of Ann Arbor has also approved a 12-year, $47.7 million property tax abatement for the company.
University of Michigan recently agreed to sell 55 acres of land near the school's north campus to Pfizer for $27 million for future expansion.
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