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Biotech company Regeneron announces $800 million investment at Rensselaer labs

September 12, 2018 11:23 AM

RENSSELAER - Regeneron has announced it will invest $800 million over the next seven years in its manufacturing facility and labs in Rensselaer.

The biotechnology company says the expansion will create 1,500 new full-time jobs.

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Empire State Development offered the company up to $140 million in incentives and tax credits as encouragement.

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WNYT Staff

Copyright 2018 WNYT-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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