Hundreds of jobs headed to Southern Indiana
Standard Register plans to open a national digital printing and distribution center in River Ridge Commerce Center, creating as many as 360 jobs by 2016.
The Dayton, Ohio-based company will invest nearly $10 million to lease and renovate a 335,000-square-foot facility at the Jeffersonville business park, according to a news release.
The center, at 700 Patrol Road, will house digital printing and distribution operations, and it is expected to begin operations this summer. Some operations from other Standard Register facilities will be transferred to the new center, according to the release.
“The business climate in Indiana and desirable central location combined to make this a very attractive investment for Standard Register,” Joseph P. Morgan Jr., president and CEO of Standard Register, said in the release.
The building was developed by Crossdock Development Inc.
The Indiana Economic Development Corp. offered Standard Register (NYSE: SR) as much as $2.3 million in conditional tax credits and as much as $175,000 in training grants based on the company’s job-creation plans, according to the release.
These tax credits are performance-based, meaning that until Indiana residents are hired, the company is not eligible to claim incentives. At the request of One Southern Indiana, the economic development agency for Clark and Floyd counties, River Ridge Development Authority will consider additional property tax abatement through the business park’s enterprise zone.