Quad/Graphics to expand, add 20 jobs
According to a Dec. 10 news release from Gov. Matt Bevin’s office, one of Versailles’s major employers is going to expand. Quad/Graphics will invest nearly $2.5 million and create 20 new jobs in Versailles, according to the news release, which stated that the company “will retain 468 other” jobs here. The release did not say when the new jobs would be created, and Quad/Graphics corporate communications director Claire Ho did not return a call from The Sun. The news release quoted company president Joel Quadracci saying, “Quad/Graphics is proud to be fortifying our presence in Kentucky. We value this partnership with Gov. Bevin and the state of Kentucky and the local governments, which enables us invest in the talent and technology we need to continue delivering cost-effective, innovative solutions to marketers and publishers everywhere. In Versailles, we are using new digital print technology to produce books on demand, bringing zero inventory and just-in-time delivery closer to reality.” The news release also announced plans to expand in Franklin, Ky., where Quad/Graphics will invest nearly $480,000 and create 25 new jobs. Quad/Graphics was founded in 1971 near Milwaukee, Wis., and is now headquartered in Sussex, Wis. The company says it’s the second-largest provider of “print and media solutions” in the western hemisphere, operating a network of printing plants in 28 states and employing more than 20,000. “Quad/Graphics has been a fixture in this community for many years and experienced many transitions in a global economy,” Versailles Mayor Brian Traugott said in the news release. “We are fortunate to be able to provide a skilled workforce that contributes to the success of the company and community. …” Woodford County Judge-Executive John Coyle added, “… Again, Quad/Graphics has chosen to expand its operations in Woodford County and this speaks highly of a skilled workforce available in our community. We wish Quad/Graphics much continued success and thank state officials and (the) Woodford EDA for helping us expedite this project for the citizens of Woodford County.” The Kentucky Economic Development Finance Authority (KEDFA) has preliminarily approved the company for tax incentives worth up to $400,000 each for the Versailles and Franklin expansions. The performance-based incentive allows a company corporate income tax credits and wage assessments by meeting job and investment targets. Quad/Graphics is also eligible for benefits from the Kentucky Skills Network, which allows companies free recruitment and job placement services, reduced-cost customized training and job training incentives.