Standard Register Company Expands Footprint into Southern Indiana

In a press release issued yesterday, One Southern Indiana announced that a new digital print and distribution center will soon open in River Ridge Commerce Center, creating more than 300 new jobs. Read the press release in its entirety below:

Jeffersonville, Ind. (March 26, 2013) – One Southern Indiana (1si), the chamber of commerce and economic development organization serving Clark and Floyd Counties, today announced 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 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 Governor 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.” 

“It’s extremely exciting to have Standard Register join the growing list of diverse and vibrant companies discovering the many advantages a location at River Ridge Commerce Center affords,” said Jerry Acy, Executive Director of River Ridge Commerce Center. “We celebrate their location decision and look forward to their future success as our latest corporate resident.” 

“We are overjoyed Standard Register chose River Ridge Commerce Center as its location for this exciting project,” said Jeffersonville Mayor Mike Moore. “The opportunities these 360 positions provide for our citizens are remarkable. 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.” 

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. 

“Economic development is a team sport,” said Wendy Dant Chesser. “The benefits southern Indiana gains with Standard Register’s decision to locate here is a perfect illustration of a committed group of partners working toward shared results. On behalf of all 1si members and investors, I want to welcome Standard Register as southern Indiana’s newest corporate citizen.” 

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 1si, 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. 

About Standard Register:
Standard Register (NYSE: SR), celebrating 100 years of innovation, helps its customers optimize enterprise workflow and adapt to the rapidly-changing communications landscape with a portfolio of printed and digital communications and marketing solutions. In an environment where communication is more interactive than ever, faster than ever, delivered through more channels than ever and with results more measurable than ever, Standard Register provides value with industry-specific insights and by developing, executing and analyzing compelling communications campaigns to engage with targeted audiences. More information is available at http://www.standardregister.com/

About One Southern Indiana:
One Southern Indiana (1si) was formed in July of 2006 as the Chamber of Commerce and Economic Development organization serving Clark and Floyd Counties. 1si’s mission is to provide the connections, resources and services that help businesses innovate and thrive in the southern Indiana/Louisville metro area. 

Since its inception, the organization has evolved to include a three-prong approach to serve its members and investors. Business Resources, as the chamber side of the organization, encompasses membership, signature events and programs which support and encourage business growth; Economic Development works to grow the regional economy through the attraction of new commerce and assists with retention and expansion of existing businesses; Advocacy supports businesses at the government level by engaging in initiatives to preserve, protect and promote a business friendly environment free of obstacles to growth and development of commerce. www.1si.org

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