“If approved, this agreement means Indiana’s consumers who purchased E-books published by Penguin Group will receive $1.15 million in total refunds via their E-book accounts."Statement issued Thursday by the Fort Wayne-Allen County Economic Development Alliance:
Fort Wayne, Ind. (Dec. 8, 2011) — Excell Color Graphics, Inc., announced today that it is planning on purchasing new equipment for its 2623 Camino Court location. The printing company will invest approximately $371,940 and bring on one additional employee as a result of the project. The equipment is expected to be installed in January 2012.
Excell Color Graphics specializes in advanced digital printing and will add a new Digital Nexpress SX2700 to its printing divisions. The company currently has thirty-one full-time employees and will add one employee by March 2012. Excell Color Graphics will be introduced to the Fort Wayne Common Council at tonight’s meeting to be considered for a $23,664 tax abatement, which will be phased over ten years.
"Adding the new digital press will enable us to expand and refine our current capabilities," stated Tom Parrot, president of Excell Color Graphics Inc. "With this investment, we can better serve our current clients, as well as position ourselves to reach out to new cliental."
“Tax Abatement is not only an incentive for new businesses; it helps existing Fort Wayne businesses grow too. I’m glad to see quality companies like Excell Color Graphics, Inc. take advantage of tax abatements and grow its company through state-of-the-art equipment that will meet customer needs while at the same time adding new jobs,” stated Mayor Tom Henry.
About Excell Color Graphics, Inc.
We’re a hard-working, high-quality printing company that takes pride in doing the job right every single time. We’re dedicated to making you, our customer, happy. Because really that’s all that matters. If you like what you see on our website, give us a call or just come by our facility. Discover what it’s like to Excell in color. To learn more about Excell Color Graphics, Inc., visit www.excellcg.com
About the Alliance
The Fort Wayne-Allen County Economic Development Alliance began in 2000 as the lead organization for economic development activities throughout the county. We are a not-for-profit organization supported by Allen County, the City of Fort Wayne, the Greater Fort Wayne Chamber of Commerce and the Fort Wayne-Allen County Airport Authority. The Alliance’s goal is to further the base employment of Allen County through business retention, expansion and attraction projects. To learn more about the Alliance, visit www.theallianceonline.com.
