U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > Albany area
Albany area Albany - Schenectady - Troy - Saratoga Springs metro area
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 12-21-2018, 01:05 PM
69,596 posts, read 96,425,937 times
Reputation: 15306


Regeneron Pharmaceuticals will receive up to $140 million from New York state toward its major expansion project in East Greenbush.

The Empire State Development Corp. board on Thursday approved up to $70 million in capital grants and up to $70 million in Excelsior Jobs Program tax credits for Regeneron (Nasdaq: REGN).

The pharmaceuticals manufacturer plans to invest $800 million and hire 1,500 people in East Greenbush to increase its production over the next seven years.

The company, which is headquartered in Tarrytown, employs 2,500 people at an existing manufacturing site in East Greenbush.

Without the state assistance, Regeneron would have expanded in Ireland instead of the Albany area, Loretta Beine told directors during the board meeting. Beine is the director of industry development and life sciences at Empire State Development.

Howard Zemsky said the Regeneron deal is a win for the state.

"Prior to the Amazon deal, this was the largest economic development deal I recall working on," Zemsky, president and CEO of Empire State Development, told the board. "It doesn't get better than this from the life sciences perspective."

Regeneron plans to build 350,000 square feet of manufacturing space and 240,000 square feet of office and laboratory space.

Read more about the company's expansion plans here.

Source: https://www.bizjournals.com/albany/n...rom-state.html
Rate this post positively Reply With Quote Quick reply to this message

Old 12-23-2018, 10:18 AM
69,596 posts, read 96,425,937 times
Reputation: 15306
More about this company: https://www.regeneron.com/about
https://www.regeneron.com/locations (Industrial Ops)
Rate this post positively Reply With Quote Quick reply to this message
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > Albany area

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top