Saturday, August 3, 2013

IBJ Reports Little Raymond's Print Shop Requests Abatement for Investment in Indianapolis

From the Indianapolis Business Journal:

A T-shirt retailer specializing in screen printing is considering Indianapolis as the home for a new production facility that could create 105 jobs over the next four years.

Little Raymond’s Print Shop Inc., a subsidiary of California-based online retailer ooShirts Inc., has requested a tax abatement from city-county officials on $975,000 in new manufacturing equipment needed for the leased facility, which would be located at 7800 Records St.

The project would create 105 jobs over four years, with an average hourly wage of $12, according to the abatement request. The equipment for the 26,400-square-foot facility would include automatic and manual presses for screen printing and gas and electric dryers.
...

Over the proposed three-year abatement, Little Raymond’s Print Shop would save about $25,000, while still paying $13,000 in property taxes. After the abatement, the firm would pay an estimated $8,800 per year in property taxes.
...

http://www.ibj.com/t-shirt-printer-scoping-indy-for-new-facility-105-jobs/PARAMS/article/42811