Cabinet for Economic Development
Governor Beshear Announces Expansion of Print Fulfillment Services in Louisville
Logistics-based company sites proximity to UPS global air hub, incentives as reason for expansion
FRANKFORT, Ky. (September 24, 2009) – Gov. Steve Beshear and Economic Development Cabinet Secretary Larry Hayes today announced the expansion of Louisville-based Print Fulfillment Services, Inc. The proposed expansion will entail a more than $2.1 million investment in the Commonwealth and will add 20,000 square-feet to its existing 100,000 square-foot facility.
“I’m pleased Print Fulfillment Services has chosen to expand its Louisville operation, creating additional jobs and investment for the Commonwealth,” said Gov. Beshear. “Kentucky is the perfect location for logistics-based companies due to many factors, including central location, access to two major shipping hubs and a well-served transportation network. I am confident Print Fulfillment Services will continue to thrive right here in the Bluegrass.”
Print Fulfillment Services provides color, waterless printing, UV coating and print fulfillment services to Internet and corporate markets through affiliates and print brokers. Clients can upload, submit and track print orders online. The company’s Louisville location offers an average turnaround time of less than 72 hours to serve global markets.
“We were initially advised to investigate Kentucky as a potential relocation site of our printing and manufacturing operation by one of our primary partners, UPS, due to the shipping intensive nature of our business,” said Michael Gilbreath, director of corporate human resources. “Our success and growth have resulted from both the benefits of proximity to UPS, and from the opportunities that choosing Louisville has given us. These economic incentives have influenced our expansion of this operation, and we look forward to growing our workforce and continuing to partner with the agencies making this possible. The business friendly climate, and the ability to grow an outstanding workforce have proven Louisville, Kentucky, to be an excellent choice for both our initial relocation, as well as the projected expansion these incentives facilitate.”
The project was approved by the Kentucky Economic Development Finance Authority (KEDFA) under Kentucky’s new incentive program, the Kentucky Business Investment (KBI) Program. KEDFA preliminarily approved Print Fulfillment Services, Inc. for up to $380,000 in tax incentives, which can be earned over a 10-year period through corporate income tax credits and wage assessments.
The business incentive program is a result of Gov. Beshear’s Incentives for a New Kentucky legislation, sponsored by Rep. Tommy Thompson of Owensboro and passed during the 2009 Extraordinary Session of the Kentucky General Assembly. The KBI program consolidates four incentive programs into a single, more flexible program for new and expanding businesses.
Print Fulfillment Services anticipates the expansion to be ongoing, with the first phase completed by first quarter 2011, resulting in the initial creation of 10 new jobs growing to 23 over the term of the agreement with an average hourly wage of $10.88 exclusive of benefits.
"Print Fulfillment Services has become an important business in our city, providing products to individuals and companies across the nation," said Louisville Mayor Jerry Abramson. "The expansion is proof, yet again, that the company made the right decision by locating in Possibility City."
"This expansion is great news, and it showcases the opportunities for businesses that operate in West Louisville," said Joe Reagan, president and CEO of Greater Louisville Inc. - the Metro Chamber of Commerce. "The proximity to the UPS air hub and the available workforce make the area an attractive option for companies looking to expand or relocate."
A community profile for Jefferson County can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=091.