NorthStar Capital Advisors

Access to Capital, Tax Incentives and World-Class Infrastructure:  In their capacity as advisors to the Economic Development Growth Engine ('EDGE') of Wayne County, Michigan, NorthStar announces access to compelling tax incentives, a world-class free-trade zone (enabling the deferral, reduction and in some instances the elimination of all Customs duties and federal excise taxes), commercial infrastructure and investment capital, now available to qualifying Life Science companies.


Prospectus Available Now:  NorthStar Capital Advisors are helping EDGE identify eligible Life Science companies in the United States and Internationally that could benefit from access to the world-class infrastructure, commercial resources and financial incentives provided by Wayne County and accessible through EDGE.  NorthStar is pleased to announce the completion and availability of the Prospectus Document describing the financial and infrastructure resources accessible by qualifying Life Science Companies and how to initiate exploratory discussions. 


To Obtain a Copy:  In order to obtain a copy of the Prospectus contact NorthStar by writing to ny@northsca.com


Summary:  In the Prospectus, NorthStar describes why Wayne County is emerging as the ‘Destination-of-Choice’ for Life Science Companies:

  1. 208 Companies from 25 Countries around the world (including Brazil, China, France, Germany, India, Ireland, Italy, Korea, Mexico, Netherlands, Russia, Spain, Sweden, Switzerland) have established business operations within Wayne County; selecting Wayne County as the destination of choice in order to compete and win in the North American market place.
  2. Wayne County’s Life Sciences and health care businesses are growing quickly, employing over 100,000 people with a payroll of $5.64 billion.
  3. Over the last 10 years nearly 120 new life sciences companies have been created in Michigan, making the State one of the fastest growing Life Sciences and Health Care regions in the United States.


The Prospectus describes in detail the 10 key drivers of the strategic, economic and operational advantages which Wayne County creates for Life Science Companies and which are without parallel in the United States; topics covered include:

  1. A Unique Combination of Compelling Tax Incentives and Free Trade Zone Benefits:  Wayne County is uniquely positioned to provide qualifying Life Science Companies with an unparalleled package of valuable tax incentives world-class Free-Trade Zone benefits.

    • The Greater Detroit Free Trade Zone (GDFTZ) enables the deferral, reduction and in some instances the elimination of all Customs duties and federal excise taxes.

  2. High Quality, Low Cost, Business and Manufacturing Sites

  3. Access to Capital:  Through a combination of private equity, debt and bond financing, mezzanine and venture capital funding sources, Life Science companies can access billions of dollars in funding within the Region

  4. World-Class Clinical Trial and Development Resources

  5. Cost Effective Support for Life Science Industry Research and Development

  6. Large Pool of Professionals with the Required Life Science Industry Specific Commercial, Scientific and Manufacturing Experience

  7. Low Labor Cost and a Favorable Cost of Living

  8. World-Class Transportation and Logistics Infrastructure:  Wayne County is at the Center of a North American network of efficient, low-cost transportation, shipping and logistics infrastructure providing direct access to the United States market and is on the boarder of Canada.

    • Through the Port of Detroit and the St. Lawrence Seaway (connecting to the Atlantic Ocean) companies can transport freight globally.

  9. High Quality of Residential Life, Affordable Housing and Quality Education:  The Region offers its residents some of the most desirable residential communities in the Midwest.

    • In 2008, Money magazine ranked six communities within the Region among the best places to live in the country.

    • Many of the Regions most attractive residential communities are within about 35 minutes commuting time of the City.

  10. Some the Best Entertainment, Leisure, Cultural and Sports Resources in the Country:

    • Some the top museums in the country such as the Henry Ford and the Detroit Institute of Arts

    • The largest theater district outside of Manhattan

    • Three of the region’s major professional sports teams and arenas; Ford Field, Comerica Park, and Joe Louis Arena

    • Campus Martius, named one of the top 10 public spaces in the country