OSI PHARMACEUTICALS MOVING DOMESTIC OPERATIONS TO GREENBURGH-- GREENBURGH WELL ON THE WAY AS “GO TO” DESTINATION FOR WORLD CLASS BIOTECHNOLOGY COMPANIES
OSI Pharmaceuticals Inc, a major bio tech company, has decided to consolidate its domestic operations and has chosen the Town of Greenburgh as their new headquarters. The company selected the 43 acre Ardsley Park within the Town of Greenburgh as their new location. Greenburgh beat out a number of other communities around the nation. The new offices will serve as the company’s new headquarters and house domestic operations and facilities including management, administration, R & D and pilot plant operations in the United States. A minimum of 200 employees will be relocated to the headquarters shortly. OSI anticipates the creation of 400 additional jobs at the site within 5 years. It is expected that some of the employees from Colorado, New Jersey and Long Island may relocate – which will assist in stimulating the movement of our real estate market. Supervisor Paul Feiner spoke to the Executive Vice President & CFO of OSI Pharmaceuticals, Pierre Legault, who anticipates that some employees will not relocate, which will open up new jobs for local residents– ranging from clerks to highly paid oncology specialists.
OSI Pharmaceuticals Inc. (OSI) specializes in the discovery and development of innovative molecular targeted therapies that address significant unmet medical needs, and strives to turn pioneering science into breakthrough therapies for patients suffering from life-threatening diseases, including cancer, diabetes and obesity.
OSI’s new headquarters site is 410-460 Saw Mill River Road, Ardsley. Construction and other improvements at the site could begin as early as August 2009. The interim staging plan provides for the preliminary installation of furniture, fixtures and equipment commencing during the 3rd Quarter 2009. Interim occupancy of the facility by management and select personnel could begin as soon as 4th Quarter 2009. Major renovations are anticipated and building permit fees to be collected by the town are expected to exceed one million dollars between the 4th quarter of 2009 and 2010.
OSI is a mid size bio tech company that is growing. Greenburgh is known as one of the bio tech clusters in New York State. Regeneron, Emisphere Technologies, BioReference labs, Siemens, Ciba, Quest Diagnostics, and now OSI are among the bio tech companies that have chosen Greenburgh as major locations. We expect that the arrival of OSI will attract other bio tech companies to consider Greenburgh in the future. Supervisor Paul Feiner states that “we are well on the way to making Greenburgh the “go to destination for other world class biotechnology companies.”
To attract OSI the town, the Ardsley school district, the County of Westchester and the State of New York have coordinated efforts to encourage OSI to locate within our town. We all approved in concept a PILOT agreement, a “payment in lieu of taxes.” The major incentives include, from Westchester County, mortgage recording tax and sales tax on construction abatements. There is a slight property tax incentive in its final stages being negotiated between the town and school together. The term of the PILOT is proposed at 15 years. The property’s current assessed value of $32 million dollars will remain for a period of five years and then be reassessed based on market for the remainder of the term. Edye McCarthy, town assessor, met with the Ardsley School Board to brief them on the terms of the proposal and to obtain their support before the town committed to the initiative. Additionally, OSI has agreed to reimburse the Ardsley School District and the town for the costs incurred for processing and reviewing the PILOT document.
THE GREENBURGH TOWN BOARD HAS INVITED OSI EXECUTIVE VICE-PRESIDENT AND CFO PIERRE LEGAULT TO OUR TOWN BOARD MEETING TOMORROW EVENING (Wednesday, July 8th) AT 7:30 PM.
Please join us in welcoming an important new company to our community.
Paul Feiner, Greenburgh Town Supervisor
Sonja Brown, Councilwoman
Diana Juettner, Councilwoman
Kevin Morgan, Councilman
Francis Sheehan, Councilman
Judith Beville, Town Clerk
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