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Grafcor Plans Expansion

Wednesday, May 04, 2011

Press release from the issuing company

Richmond, Ind. -- Grafcor, Incorporated, a division of Innomark Communications, will receive a $24,000 economic development income tax (EDIT) grant from the Economic Development Corporation (EDC) of Wayne County. The grant will be used to assist the company with the purchase and installation of new printing presses that will increase the company's competitiveness and technological advantage. Grafcor prints large format, point-of-sale (POS) displays for the global retail sector. "Grafcor is a great company who has been in Wayne County since 1993," according to EDC board chair, Gary Hackman. "We're happy to partner with them and hope for their continued success."

The company will invest $265,000 in the new machinery, retaining 18 existing jobs and creating 4 new jobs. Richmond Mayor Sally Hutton says helping the company remain competitive is important. Hutton continues, "In the current economy, every job we can keep in Richmond is important and we're glad they are continuing to invest in Richmond. We look forward to working with them for many years to come".

The request for Wayne County EDIT funds will now go before the Wayne County Commissioners for their consideration. Wayne County Commission President, Doug Williamson says, "It's important to keep our existing businesses strong now and into the future. We're glad to see a company like Grafcor make an investment to remain competitive in a tough industry."

 

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