Regeneron to receive up to $140 million from state toward $800 million expansion

SourceAlbany Business Journal
Date Published12/20/2018
Author NameLiz Young
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Regeneron Pharmaceuticals
Type of work Manufacturing
Reshoring category:Kept from Offshoring
Total number of jobs (added or to be added):1500
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):800
Country(ies) from which reshored:Ireland
City reshored to:East Greenbush
State(s) reshored to:NY
If relevant, work nearshored to:-
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives
Government Incentive dollar amount:140000000
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