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Valeant to keep manufacturing contact lenses in Rochester
Rochester, N.Y.- Valeant has committed to manufacturing next-generation contact lenses at the Rochester Bausch & Lomb facility.
Sen. Chuck Schumer announced Monday the company agreed to make the Next Generation SiHy (silicone hydrogel) contact lens, dubbed Zeus.
Schumer had asked the Montreal-based company to reconsider its plans to manufacture Zeus in Ireland after it announced plans to buy Bausch & Lomb earlier this year.
Governor Andrew Cuomo said Monday Bausch Lomb will invest $106 million to expand its capacity for the brand new contact lens line.
It involves a substantial amount of interior building renovation and new infrastructure additions.
The companys decision will help keep 1,050 jobs in the Finger Lakes region and create an additional 100 new jobs.
This exciting announcement further demonstrates the quality of Rochesters workforce and the Citys appeal as a place for businesses to grow and thrive, said Cuomo in a press release. The state has worked tirelessly to ensure that this arm of Bausch Lombs business expands here in Rochester, and todays news is a continuation of our work to create jobs and spur economic growth in the entire region.
The state will offer incentives which include a $5.8 million Empire State Development grant and up to $6.2 million in performance-based Excelsior Jobs Program tax credits. Thats in return for Bausch Lombs proposed investment and job creation commitments.