New distribution center to be located in River Ridge Commerce Center
JEFFERSONVILLE, Ind. (March 26, 2013) – Standard Register, a national workflow, communications and analytics solutions provider, will locate a new national digital print and distribution center in River Ridge Commerce Center just across the river from Louisville in Jeffersonville, Ind., creating up to 360 new jobs by 2016.
“The business climate in Indiana and desirable central location combined to make this a very attractive investment for Standard Register,” said Joseph P. Morgan, Jr., president and chief executive officer of Standard Register.
“Our business climate provides cost, workforce and location advantages that put Indiana on the map as a state that works for business,” said Gov. Mike Pence. “We’re honored that Standard Register has chosen the Hoosier State to expand and more efficiently operate its business, creating many new career opportunities for southeast Indiana workers.”
The Dayton, Ohio-headquartered company will invest nearly $10 million to lease and renovate a 335,000 square-foot facility in the River Ridge Commerce Center, a state-certified shovel ready site in Clark County. The center, which is expected to be operational this summer, will house digital printing and distribution operations. Some operations from existing Standard Register facilities will be transferred to the new center.
“This is further evidence that having a state-certified Shovel Ready Site matters when it comes to business attraction,” said Crossdock Development, Inc. President Lee Wilburn. “Through the Indiana Shovel Ready Program, we developed a state-of-the art facility that will benefit Standard Register. We couldn’t be more excited to welcome this outstanding company to our facility.”
Founded 100 years ago, Standard Register has grown to more than 2,200 employees at 30 locations nationwide. The new Jeffersonville center will be the company’s second Indiana location. The company also has a facility in Shelbyville, Ind. which employs approximately 85 full-time associates.
“The opportunities these 360 positions provide for our citizens are remarkable,” said Jeffersonville Mayor Mike Moore. “And turning a vacant facility into an enhanced asset for both the company and the community is a definite win-win. The city of Jeffersonville wholeheartedly welcomes this dynamic company to our business community.”
The Indiana Economic Development Corporation offered The Standard Register Company up to $2,300,000 in conditional tax credits and up to $175,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. At the request of One Southern Indiana (1si), which made the announcement Tuesday, River Ridge Development Authority will consider additional property tax abatement through the business park’s enterprise zone.
Standard Register is 1si’s 91st economic development announcement since its creation in July 2006. Collectively, these projects have committed to the creation of 8,707 new jobs representing $300,627,118 annually in new payroll dollars into southern Indiana’s regional economy. Together, these companies are investing $558,246,579 in new capital in Clark and Floyd counties.