Recently, Freeport Press hosted Ohio Lt. Governor Mary Taylor and a number of funders, including Finance Fund, on a tour of the state-of-the-art printing operation located in rural Harrison County.
Finance Fund provided $6 million in New Market Tax Credit financing to enable Freeport Press to buy a state-of-the-art, high-speed Komori Systems 38-S Web commercial printing press to expand their growing business. Since its expansion, Freeport Press has become the leading employer in Freeport, OH.
The new press greatly increased productivity and ultimately allowed the company to retain 150 jobs and add 40 new positions during the economic downturn. Freeport VP of Operations James Pilcher proudly demonstrated how the printer uses the industry’s latest technology to cost-effectively produce high-quality magazines, catalogs and direct mail. In addition, Freeport Press President Dave Pilcher, Sr. shared details of how the company grew over the last few years with the assistance of many organizations including the State of Ohio with a Pioneer Rural Loan; USDA backed expansions; the Tuscarawas Port Authority; and Finance Fund. I joined representatives of these organizations on a tour of the plant alongside Lt. Governor Taylor.
“I’m very excited to learn more about your business and see it first-hand,” Ms. Taylor said. “It’s impressive what you’ve been able to accomplish.” She congratulated Freeport Press for creating strong partnerships that supported its success. “I appreciate the support you’ve gotten here locally,” she said. “That means a lot when you can get all the right people in the room working together, both in the private sector and the public sector, to make something like this happen and to keep it going when you face very difficult times.”