GotPrint Expands Its Hebron, Kentucky, Manufacturing Center
GotPrint plans to expand its facility by 32,000 square feet and purchase a new printing press. The company currently employs approximately 100 workers.
“Northern Kentucky has developed into a region that welcomes a wide range of successful businesses,” said Governor Steve Beshear. “The growth and subsequent expansion of GotPrint is a reflection of the ability of the workforce to support the diverse industries locating in the region. I congratulate GotPrint on this expansion.”
“We felt it was the right time to invest further in growing the Northern Kentucky Division,” said Mike Foley, General Manager of GotPrint’s Kentucky Division. “The incremental uptick in business each year going back to 2008 when we first opened the Kentucky Division has allowed us to put further capital investments in equipment and infrastructure. Our success is a combination of many things, most importantly our employees. Their hard work and dedication each day has put us in the position we are today – especially with our customers.”
“We are continually investing in making our website more user-friendly for all our clients,” Foley said. “It is the heartbeat of the business for both present and future customers. Even on the back end, it allows our customers to communicate freely beyond just their order for expressing ideas for improvement. We hear three common words from our customers: faster, cheaper, better: Faster turnaround times to get their product, lower costs and the best equipment in the industry yielding them the best product their money can buy. I would say we’ve done well in all three areas but know we must never stand still.”
GotPrint is a subsidiary of Printograph Inc., a California-based firm established in 2001. Printograph employs more than 450 people with three facilities in the U.S. – California, Texas and Kentucky – and one in Netherlands. The Hebron facility produces 40 percent of the company’s revenue, printing brochures, business cards, calendars, greeting cards, banners and other items.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $200,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, GotPrint was preliminarily approved by KEDFA for $30,000 in tax incentives through the Kentucky Enterprise Initiative Act. KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment. GotPrint also is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
“GotPrint has experienced significant growth and success at its location near the Cincinnati/Northern Kentucky International Airport, translating into new jobs, a 32,000 square foot expansion, and technological upgrades,” said Rep. Diane St. Onge, of Lakeside Park. “We share in the excitement and pride that GotPrint's expansion and success brings to Boone County and northern Kentucky."
“Through NKY Boost, Northern Kentucky Tri-ED is working to facilitate the growth of our existing industry in the region,” said Boone County Judge-Executive Gary Moore, Chair of Northern Kentucky Tri-County Economic Development Corp. “I congratulate Printograph on its success and thank the company for continuing to invest and create new jobs in northern Kentucky.”
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
Infrastructure Investment as an Economic Stimulus Tool
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Nondisclosure Agreements Best Practices When Negotiating Incentives
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row