BAYER HEALTHCARE TO EXPAND IN HUDSON VALLEY
Global Healthcare Company Will Create 100 New Jobs, Protect
750
TARRYTOWN, N.Y. (November 17, 2005) - Bayer HealthCare
LLC will expand its facility here in the Hudson Valley,
creating 100 new jobs and protecting 750 existing employees,
it was announced today by Governor George E. Pataki.
Bayer HealthCare is relocating its Diabetes Care Division
to Tarrytown, New York, from Elkhart, Indiana, in order
to consolidate its North American commercial functions,
Bayer Healthcare headquarters functions and Bayer Diagnostics.
Bayer’s decision to consolidate was strengthened
with the designation as a “Regionally Significant
Manufacturer” by the Empire State Development Corporation
at the request of the Yonkers Empire Zone. A “Regionally
Significant Manufacturer” designation extends Empire
Zone benefits to qualifying companies of regional economic
significance that are located near, but not in, an Empire
Zone.
In consideration of its commitment to New York State and
its designation under the Yonkers Empire Zone as a “Regionally
Significant Manufacturer,” Bayer HealthCare is eligible
for a 10-year tax exemption from state sales taxes and a
refundable tax credit to reimburse the company for taxes
it pays. In addition, the Westchester County IDA will arrange
to exempt the company from local sales taxes on major purchases.
Bayer HealthCare's Diabetes Care Division is one of the
largest blood glucose monitoring businesses in the world.
The division offers Ascensia blood glucose monitors for
diabetes self-management. Bayer HealthCare’s Diagnostics
Division offers an extensive portfolio of laboratory testing
and near patient care diagnostics systems sold in 100 countries
worldwide.
Bayer HealthCare, a subsidiary of Bayer AG, is one of
the world’s leading companies in the health care and
medical products industry that has 35,300 employees and
operations in more than 120 countries worldwide. The company
combines the global activities of the divisions Animal Health,
Biological Products, Consumer Care, Diabetes Care, Diagnostics
and Pharmaceuticals. Bayer HealthCare's produces Bayer Aspirin,
Alka-Seltzer, One-A-Day vitamins, Cipro, Levitra and the
flea preventative Advantage.
Empire State Development Chairman Charles A. Gargano said,
“Bayer’s decision to remain and increase its
presence in New York State shows again that Governor Pataki’s
policies and initiatives are successful in attracting and
growing businesses. Every single job created or retained
is a victory for the entire state.”
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