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New Jersey Slices Nearly $13 Million From Sanofi's $40 Million Tax Break

Move Comes After Drugmaker Downsized Expansion Plans at Bridgewater Headquarters
Sanofi has downsized expansion plans at its U.S. headquarters in Bridgewater, New Jersey. (CoStar)
Sanofi has downsized expansion plans at its U.S. headquarters in Bridgewater, New Jersey. (CoStar)
CoStar News
July 19, 2021 | 11:16 P.M.

The New Jersey Economic Development Authority is trimming nearly $13 million from the $40 million in tax incentives it awarded Sanofi under a criticized former program after the drugmaker scaled back expansion plans at its U.S. headquarters in Bridgewater.

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