Ensuring vibrant, growing commercial printing companies makes good business sense for the local economies and job markets where they are located. The Jefferson City (Mo.) Council confirmed that fact last week when it approved an economic development tax incentive revenue bond that will enable Modern Litho to acquire a new, automated sheetfed offset press and eventually add 50 new jobs, reported the News Tribune. According to the newspaper, the tax benefit during the course of the seven-year term of the abatement will amount to approximately $310,597, factoring in the depreciation of the press over that time period. Specifically, Modern Liho plans to install a 10-color Heidelberg Speedmaster XL 106 sheetfed offset perfector equipped with double coaters, which will shorten job turnaround times and increase Modern Litho’s printing output capacity by about 30%. “What we are doing is not the norm in the industry. Printing companies who are not investing and growing are withering,” Cassandra Atchison, marketing coordinator for Modern Litho, said to the News Tribune. “We are continuing to invest in the latest print technology and expanding our capabilities.”
The Specialty Graphic Imaging Association (SGIA) has purchased the printing trade show Graphics of the Americas (GOA) from the Florida Graphics Alliance (FGA) (formerly the Printing Association of Florida). Following a transition period, GOA will relaunch in Feb. 2020 in Miami Beach, Fla. SGIA acquired the show in Aug. 2018.
“GOA has a long history of bringing together an audience of exhibitors and attendees from North, Central and South America, as well as the Caribbean. These markets, though distinctly different in many aspects, are vital players in the larger printing community, and are of critical interest to the supplier members of SGIA,” said Ford Bowers, President & CEO, SGIA.
Over the next 18 months, SGIA and FGA will transition GOA to its new ownership and redefine it as an integral part of the calendar of events in the printing industry with high value for attendees and exhibitors.
FGA President Gabe Hernandez said, “The printing industry is even more interconnected now, and on many different levels, than in past years. FGA has long desired to make sure that GOA continues as a venue of high value across a range of printing segments and communities. SGIA has the reach, vision and resources to accomplish this and we are happy to be working with them to ensure GOA’s success and growth into the future.”
Graphics of the Americas will take place at the Miami Beach Convention Center, Feb. 13-15, 2020. More details will be available in early 2019.