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Acorda Therapeutics to Relocate to Ardsley

ARDSLEY, N.Y. - Acorda Therapeutics announced Monday that it will move its operations – and nearly 200 jobs - to Ardsley.

BioMed Realty Trust recently acquired vacant buildings on Old Saw Mill River Road. Acorda signed a 15 year lease for 138,000 square feet of laboratory and office space at the site. The lease begins in June 2012.

CEO of Empire State Development Kenneth Adams said Monday the move will lead to 190 new positions.

“While there are projects all around the state there is a critical mass here in Westchester County and its growing,” Adams said.

Acorda, which has been based in Westchester since 1998, is a biotechnology company that develops therapies for multiple sclerosis, spinal cord injury and other nervous system disorders.

Greenburgh Town Supervisor Paul Feiner was pleased with the move and the jobs it will bring.

“One of our goals in Greenburgh is to make the town Biotech capital of New York State,” he said.

One of the reasons Acorda made the move was various tax credits the area could provide as incentives.  The therapeutics company will receive tax credits of up to $5.2 million as part of the New York State Excelsior Jobs Program, which is an employment creation initiative administered by Empire State Development.

What do you think about BioMed bringing Acorda Therapeutics to Ardsley?  Do you think it will help job growth in the area like the company says?  Let us know below in the comments section or on our Facebook page or on Twitter.

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