Would be second expansion in six years
NEW ALBANY, Ind. (Aug. 1, 2016) — Integrity Sign Solutions, Inc. will appear before the New Albany City Council tonight to request property tax abatements as company leaders consider expansion opportunities.
The proposed expansion/retention project would be the company’s second in six years. It would include a capital investment of approximately $1.9 million and would result in the creation of approximately 10 new full-time positions. This comes on top of the 16 existing jobs that will be retained, representing a total annual payroll of more than $879,000.
Integrity Sign Solutions, Inc., founded in 2010, creates quality, wholesale products to the sign industry. Melissa and Mike Hobbs, owners of ISSI, plan to purchase land at 4302 Security Pkwy. in New Albany and begin construction of a new 19,000 square-foot facility. This is the first phase of the project with the second phase to include the addition of 20,000 square feet of manufacturing space in 2020.
The Indiana Economic Development Corporation offered $56,000 in Economic Development for a Growing Economy (“EDGE”) tax credits 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 them.