Regeneron to discuss expansion plans
Drugmaker looking to grow in East Greenbush
The Rensselaer County Industrial Development Agency will hold a public hearing at 6 p.m. on Oct. 3 at the East Greenbush Town Hall on plans by Regeneron Pharmaceuticals to further expand at its second campus that is currently under construction on Tempel Lane.
Regeneron employs 2,600 people, most of them at its drug manufacturing campus on Discovery Drive next to the University at Albany’s Health Sciences Campus.
The second campus is being built on Tempel Lane, a road parallel to I-90 and just a few miles away from its current campus.
Regeneron has already built a 211,600-square-foot warehouse at Tempel Lane, and the IDA’S public hearing will focus on construction of a second two-story, 346,110-squarefoot building that will be used for manufacturing.
The two buildings would be the initial phases of the full $800 million buildout of the campus, which Regeneron is planning to staff with 1,500 people eventually.
New York state is offering the company $140 million in incentives for the project, which eventually could reach nearly 800,000 square feet of building space when completed.
Regeneron, which is based in Tarrytown, has several successful drugs on the market and does all of its U.S. manufacturing in East Greenbush, which is why the company has so many employees locally. Salaries range from $40,000 to $65,000 for production jobs and to more than $100,000 for scientists. Regeneron also does manufacturing in Ireland, and economic development officials here in New York and Rensselaer County have been working to ensure the company has the incentives to expand locally before looking abroad.