November 26, 2013
Bausch & Lomb to expand Rochester production
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.
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.
NYPIRG proposes campaign donation limits
ALBANY, N.Y. (AP) — A government watchdog group is calling for strict limits on money individuals and corporations can give candidates in state elections.
The New York Public Interest Research Group blames the state's political scandals on lax limits, poor enforcement and loopholes. It says individual limits per candidate should be $2,600 per election with a $1,000 corporate limit to any campaign committee during an election cycle.
The nonprofit has submitted its proposals to the state's Moreland Commission to Investigate Public Corruption, which is scheduled to issue a preliminary report Dec. 1.
NYPIRG also wants to end candidates' personal use of campaign funds and close their campaign committees after an election or leaving office.
It also calls for public financing of campaigns.
The taxpayer-advocacy group Unshackle Upstate says public financing is bad public policy that would cost taxpayers millions of dollars.
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