Online printing company GotPrint plans to expand in Hebron and hire 15 new employees, the latest among nearly 60 Northern Kentucky companies announcing additions or new locations this year, Governor Steve Beshear announced ¬today.
GotPrint, which provides online printing services for private and commercial customers, will create the additional jobs through its investment of more than $6.1 million in the project.
“Northern Kentucky has developed into a region that welcomes a wide range of successful businesses,” said Gov. 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.”
GotPrint plans to expand its facility by 32,000 square feet and purchase a new printing press. The company currently employs approximately 100 workers.
“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.”
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.
Nearly 60 companies in the past 12 months announced new locations or expansions in the northern Kentucky counties of Boone, Campbell, Carroll, Gallatin, Grant, Kenton, Owen and Pendleton. In total, those projects are adding more than 2,700 jobs to the region.
“I thank Printograph’s leadership for continuing to invest in northern Kentucky with this significant expansion,” said Sen. John Schickel, R-Union. “We appreciate the company’s commitment and contribution to our region’s economy.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) 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). 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.
Information on Kentucky’s economic development efforts and programs is available here .
“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, R-Lakeside Park. “We share in the excitement and pride that GotPrint’s expansion and success brings to Boone County and Northern Kentucky.”
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. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.
“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. (Tri-ED). “I congratulate Printograph on its success and thank the company for continuing to invest and create new jobs in northern Kentucky.”
For more information on GotPrint, click here .
Gov. Steve Beshear