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Another printing plant to close, laying off 59

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The company that owns an Evansville printing plant says it will be shutting it down in June and eliminating nearly 60 jobs.

Chesapeake Pharmaceuticals and Healthcare Packaging notified state officials on Wednesday about the closing decision for the plant where it makes a variety of printing and packaging products.

The New York-based company simply cites business reasons for the closing decision, saying it regrets that the action is necessary.

The company says the jobs of 59 employees are to be eliminated after operations at the plant are wrapped up by late June.

The printing industry has been in flux in recent years. In 2011, R.R. Donnelly & Sons annouced that it would close a South Bend printing facility, eliminating about 100 jobs. Citing changes in the audio and video media markets, Multi Packaging Solutions Inc. announced in 2013 that it would close its printing facility in Terre Haute, terminating about 150 employees.

On the flip side, Standard Register Co. pledged in 2013 to locate a new national print and distribution center in Jeffersonville, creating up to 360 jobs by 2016. Among the advantages of the Jeffersonville site was its proximity to the United Parcel Service’s Worldport air hub at Louisville International Airport, the company said.

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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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