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MAJOR BIO TECH COMPANY EXPANDING IN GREENBURGH--MORE JOBS, TAXES, PRESTIGE FOR TOWN
Release Date: November 23, 2009

MAJOR BIO TECH COMPANY EXPANDING IN GREENBURGH
SIGNIFICANT NUMBER OF NEW JOBS
GREENBURGH TO RECEIVE SUBSTANTIAL BUILDING PERMIT FEES
CERTIORARI'S DROPPED...TAX BASE INCREASES
The Greenburgh Town Board will vote on a pilot agreement with Regeneron on Monday evening that will result in more jobs for our community...significant building permit fees, more taxes and fewer certiorari's. Plus---we're building on the reputation we have established --Greenburgh is becoming the number one bio tech research center in the region and possibly the state of NY!
Earlier this year OSI announced plans to consolidate their headquarters in Greenburgh. They are moving to the Ardsley section of unincorporated Greenburgh.
We are thrilled to announce that Regeneron, a cutting edge biopharmaceutical company that discovers, develops and commercializes medicines intended for the treatment of serious life threatening conditions will be expanding their  state of the art offices and lab facilites that they moved into earlier this year.
Even during these difficult economic times, Regeneron desires to expand its growing operation and has considered its options regarding expanding in Greenburgh or elsewhere, and has decided to remain in Greenburgh Regeneron currently occupies two buildings but will expand into a third building.  The owner of the building has agreed  to discontinue all prior certiorari proceedings, and Regeneron agrees it will not file litigation regarding said fixed assessments for the term of the PILOT agreement with the town.

ON MONDAY the Town Board will also vote on a rezone application that will enable Stop & Shop to build a major supermarket on 119. Last week the town approved another supermarket at the other end of the town: Shoprite at the Midway shopping center.

This has been the best week for the town in many years re: economic development. We're proud of the fact that Greenburgh is able to attract world class companies to our town. Special thanks to all the members of the Greenburgh Town Board (Sonja Brown, Diana Juettner, Kevin Morgan, Francis Sheehan), Assessor Edye McCarthy, Town Attorney Tim Lewis and Commissioner of Planning Thomas Madden who worked all weekend (day and evening hours ---just received some e mails and phone calls after 11:30 PM on Sunday) preparing for these votes.
PAUL FEINER



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