Monday, May 11, 2015
J&J Vision Care Looks at a $300 Million Expansion
Despite the lawsuits about the unilateral pricing policies, things must be going well for the manufacturers of contact lenses, at least for one. "Johnson & Johnson proposes $300 million, 100-job expansion in Jacksonville," reports the Florida Times-Union. "Johnson & Johnson Vision Care is considering a $300 million expansion to its contact lens plant in Jacksonville that would add an additional 100 jobs. It’s also seeking almost $98 million in city and state tax relief. The jobs would pay an average of $60,000 a year plus $30,000 in benefits and would be filled by end of 2017, according to legislation filed Wednesday afternoon with Jacksonville City Council. The company is asking for $7.1 million in property tax relief from the city over seven years and $90.3 million in state tax credit over 20 years." Read more.