Regeneron plans to add 1,500 jobs in Capital Region
EAST GREENBUSH, N.Y. (WRGB) - Regeneron plans to create 1,500 new full-time jobs in the greater Capital Region.
The plan comes as Regeneron is set to invest approximately $800 million over seven years to expand operations at their Rensselaer County campus.
To help foster the expansion, Empire State Development offered Regeneron up to $140 million in performance-based incentives, including $70 million in Excelsior Jobs Program tax credits.
"New York is proud to be at the forefront of the life sciences industry and the home of global biotech leaders like Regeneron," Gov. Andrew Cuomo said. "The continued growth of Regeneron here in New York is yet another indication that we are leading the way in the life sciences and attracting the jobs of tomorrow. Regeneron's expansion will further drive economic growth in the Capital Region and fuel lifesaving innovation and development that benefits the entire world."
Regeneron is a science-driven biotechnology company headquartered in Tarrytown, New York that discovers and develops innovative medicines for the treatment of people with serious diseases.