Regeneron Pharmaceuticals hiring 300 at R&D facilities in Tarrytown
TARRYTOWN, N.Y. — Regeneron Pharmaceuticals celebrated the grand opening of two new research and development facilities at its headquarters in Tarrytown this November.
Regeneron now occupies more than one million square feet of space and has committed to invest an additional $150 million to further expand its Tarrytown campus, which will result in at least 300 more jobs.
“Today we are continuing to show that New York is a great place to do business,” said Gov. Andrew Cuomo. “This expansion is proof that New York’s support of businesses like Regeneron is continuing to grow the economy and create jobs in communities across the State. I look forward to seeing the biotechnology sector continue to thrive in New York in the years to come.”
This new $150 million expansion project, which will create at least 300 new jobs, will construct a building of up to 192,000 square-feet that will include laboratory and office space, as well as a parking garage with up to 400 parking spaces. Empire State Development, New York’s chief economic development agency, will provide the company, which had many options for the expansion, with up to $5 million in Excelsior Jobs Program tax credits.
Empire State Development also supported Regeneron’s now completed expansion with up to $10.2 million in Excelsior Jobs Program tax credits. The company has invested more than $150 million in the two new buildings at the site and exceeded its commitment to create 500 new jobs at the location.
The new buildings have added more than 300,000 square-feet of office and laboratory space, expanding Regeneron’s corporate headquarters and enabling the company to hire more than 500 new employees at this New York location. In addition to its Tarrytown campus, Regeneron continues to grow its Industrial Operations and Product Supply facility in the Capital Region, based in Rensselaer County. This year alone, Regeneron has hired 945 employees throughout its locations in New York State.
Thus far in 2015, Regeneron has hired more than 1,200 new employees worldwide, including the 945 in New York. Overall, the company now employs more than 4,000 people around the globe – up from 682 in 2007 – the majority of whom, 3,150, are in New York.
Find career opportunities with Regeneron Pharmaceuticals here.
Source: State of New York