ALBANY, N.Y. (AP) — New York officials say a $5.8 million grant and up to $6.2 million in tax credits have figured into Bausch & Lomb's decision to expand manufacturing and distribution in Rochester, N.Y.
Gov. Andrew Cuomo says Valeant Pharmaceutical International will invest $106 million to expand capacity for its subsidiary's new line of contact lenses. That's expected to keep 1,050 jobs in the region and create another 100 jobs.
J. Michael Pearson, Valeant chief executive, says Monday that Cuomo's office was instrumental in creating incentives for the company to expand Rochester manufacturing.
In August, Valeant said it was cutting 200 jobs in the city as it reduced longtime operations and moved its headquarters to New Jersey.