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Novartis Suffern facility to close

Novartis contributes over $1 million in property taxes

Novartis contributes over $1 million in property taxes a year and $300,000 for water and sewage services. (January 29, 2014 10:33 PM)

Novartis has announced it will close its Suffern facility by 2017, causing a loss of jobs and a major hit to Suffern's tax rolls.

The pharmaceutical company employs over 500 people. It contributes over $1 million in property taxes a year and $300,000 for water and sewage services.

Company officials blame the loss of a drug patent for the loss in profits. Suffern mayor said Wednesday...

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