Tuesday, December 21, 2010

QUAD GRAPHICS WANTS INCENTIVES

THE   THOMASTON  UPSON INDUSTRIAL  DEVELOPMENT  AUTHORITY  HELD  A  CALLED  MEETING AT  QUAD  GRAPHICS, MONDAY  AND  GOT  AN  UPDATE  ON  THE  COMPANY  FROM  ANDREW  SCHIESL, VICE  PRESIDENT AND  GENERAL  COUNSEL  AND PATRICK  HENDERSON,  DIRECTOR  OF  GOVERNMENT  AFFAIRS.  QUAD  PROPOSED A  $4 MILLION  ADDITIONAL  INVESTMENT IN  THE  ROCK  PLANT,  SOMETHING  THAT COULD  MEAN  75   MORE JOBS, AND  IT  WANTS  STATE  AND  LOCAL  INCENTIVES  FOR  SAVINGS  OF  $2 MILLION  OVER  5  YEARS. THE  OFFICIALS  SAID  SINCE  QUAD ABSORBED  WORLD  COLOR  PRESS OF CANADA AND  WENT  PUBLIC IN  JULY, ITS  THE  LARGEST  COMMERCIAL  PRINTER IN THE WESTERN  HEMISPHERE.  SEVERAL  PLANTS  HAVE  BEEN  CLOSED  AND MORE  CLOSINGS  ARE  IN THE  WORKS.  THEY  SAID  THE  ADDITIONAL  INVESTMENT FOR  NEW  EQUIPMENT WILL HELP  THE  ROCK  PLANT  STAY  COMPETITIVE WITH THE  OTHER  EAST COAST  PLANTS IN  NEW  YORK  AND  WEST  VIRGINIA.  IT  WAS  MENTIONED  THAT  TAXES  AND  UTILITY  COSTS  ARE    KEY  FACTORS  IN THE  COST  OF DOING    BUSINESS, AND  QUAD INDICATED IT  NEEDS  A  RESPONSE  BY  EARLY JANUARY. IDA  CHAIRMAN NEIL  HIGHTOWER  TOLD  THE  QUAD  EXECUTIVES,  THE  DEVELOPMENT  AUTHORITY IS  COMMITTED  TO  GIVING  THE  COMPANY   WHAT  IT  NEEDS  TO  BE  COMPETITIVE. QUAD  EMPLOYS OVER  420, 45  PART-TIME AT THE  ROCK PLANT.  MEMBERS  OF  THE  TAX  ASSESSORS  BOARD  ATTENDED THE  MEETING,  AND  THE  NEW  PLANT DIRECTOR  JEFF  STRIBLING AND   BARBARA  TYSON ,  WHO  JUST  RETIRED  FROM  THAT POSITION, BOTH  ADDRESSED  THE  GROUP. 

2 comments:

  1. Hmm, I would recommend you don't write in ALL CAPS if you want more viewers. All caps is just not friendly to the eyes.

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  2. I agree, I've had many friends tell me that they don't read the news anymore because they can't stand the ALL CAPS. I wish that they would change it, I don't think I will be back either.

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