Company Looks to Grow Operations and Workforce
Representatives of One Southern Indiana (1si), working in support of the Scott County Economic Development Corporation, and Multi-Color Corporation, a label printing company located at 2281 South U.S. Highway 31, Scottsburg, appeared before the Scottsburg City Council on Monday, February 8, 2021, to ask for a resolution in support of tax incentives for a planned expansion. The company would like to make a capital investment of $7.7 million and increase its workforce.
Multi-Color Corporation is a leader in global label solutions with more than 103 years of experience. The company supports a number of the world’s most prominent brands including leading producers of home and personal care, wine and spirits, food and beverage, healthcare, and specialty consumer products.
“The City of Scottsburg is excited about Multi-Color Corporation’s current success and the possibility of the company expanding its capabilities to accommodate this new phase of its business,” said Scottsburg Mayor Terry Amick. “The capital investment of $7.7 million in its facility here is a big win for the city and the region as a whole. We look forward to working with Multi-Color Corporation on their proposal and in the years to come.”
The Indiana Economic Development Corporation offered Multi-Color Corporation up to $425,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
“We’re excited to support Multi-Color Corporation’s Scottsburg expansion,” said Indiana Secretary of Commerce Jim Schellinger. “Being a global company, Multi-Color Corporation had a world of options to expand, but we’re grateful the company chose to expand its Indiana operations and create more career opportunities for Hoosiers.”
President and CEO of 1si Wendy Dant Chesser said, “1si is happy to be working in support of the Scott County Economic Development Corporation and Multi-Color Corporation on this exciting expansion. The fact the company is considering an expansion in Scottsburg is a good economic indicator for the city, county, and region. 1si stands ready to assist in any way we can.”
About Multi-Color Corporation
A true global label solutions provider, Multi-Color Corporation is one of the largest label companies in the world in the following market segments: beverage, wine and spirits, food and dairy, personal care and beauty, home care and laundry, healthcare, durables, and technical and automotive and chemicals.
Established in 1916 and headquartered near Cincinnati, Ohio, Multi-Color Corporation has grown to become one of the world’s largest and most awarded label printers today supporting the world’s most prominent brands. In 2016, Multi-Color celebrated its 100th year in business. For more information on Multi-Color Corporation, visit www.mcclabel.com.
About Scott County Economic Development Corporation
Representing Scott County, Indiana, it is the mission of the Scott County Economic Development Corporation (SCEDC) to offer the best services for thriving new and existing industries, while expanding future opportunities for Scott County residents through the jobs and benefits successful businesses and industries create. Our dedicated team is focused on helping local businesses and entrepreneurs thrive, and businesses outside of the area relocate, by providing the services they need to increase sales, add jobs and expand operations. We assist businesses with everything from keeping costs low to building or expanding multi-million-dollar facilities.
SCEDC also offers comprehensive facility location services, from initial contact through site location to future growth and expansion. In essence, we provide “one-stop shopping” for your relocation and expansion needs. For more information, visit our website at www.scottcountyin.com.
About One Southern Indiana:
One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to help businesses thrive in the Southern Indiana and 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 the initiatives to preserve, protect and promote a business-friendly environment free of obstacles to growth and development of commerce. For more information on One Southern Indiana, visit www.1si.org.