Grafcor growing printing business in Richmond
RICHMOND, Ind. — Large format printer Grafcor is expanding its operations in Richmond. The company, which is investing $2.03 million in the expansion, is creating 23 jobs.
A subsidiary of Ohio-based Innomark Communications, Grafcor will move screen printing presses and associated equipment from another operation to its current 40,000-square-foot facility in Richmond where the company operates lithographic printing presses. With the consolidation, which is expected to begin early next year, Grafcor will expand its range of capabilities and streamline its printing services, offering start-to-finish production under one roof.
“There’s a reason why our team has worked with hundreds of companies just this year that have decided to add more quality jobs in the Hoosier State,” said Jim Schellinger, president of the Indiana Economic Development Corporation. “Companies like Grafcor understand that to grow a business, you need a state that balances its budgets, keeps taxes low and invests in its growing workforce. Grafcor found all of that in Indiana, and we’re happy to welcome their out-of-state operations to the Hoosier State.”
Grafcor currently employs more than 20 full-time Indiana associates. As part of its plans to double its workforce, Grafcor will begin hiring this month for production and production-related positions. WorkOne Eastern Indiana will assist Grafcor to recruit people to fill the positions and Indiana Career Connect will list the jobs when they become open.
“Given the existing facility in Indiana and the proactive support from both the state and local economic development groups, the choice was clear,” said Steve Zick, senior vice president and general manager at Innomark Communications. “The low cost of living and the city’s efforts to grow were added incentive for us.”
Founded in 1993, Grafcor prints sheets for use in consumer packaging, retail signage and retail point of purchase displays. With national clients including Pepsi, Walmart, T-Mobile and PetSmart, Grafcor plans to continue to supply more than two million printed sheets annually to the national market while adding the capability to handle the printed signage needs of regional campaigns and smaller national brands.
The Indiana Economic Development Corporation offered Grafcor Inc. up to $135,000 in conditional tax credits and up to $25,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The City of Richmond will consider additional incentives at the request of the Economic Development Corporation of Wayne County.
Image courtesy of Grafcor