Governor Pence Honors Scottsburg Building & Loan Association

The Scottsburg Building and Loan Association was officially chartered on August 8, 1889, making it the oldest financial institution in Scott County. The Association was formed to meet the need of providing financing for the building of homes in the growing Scott County area.

Today, Governor Mike Pence will honor their outstanding contribution to the economic growth and prosperity of Indiana and Scott County with the Governor’s Century Award.

As reported by Inside Indiana Business, Gov. Pence shared the following remarks, “I’m honored to recognize these Hoosier-grown businesses that have created a strong and lasting impact not only on their communities but on the state of Indiana as a whole. As our state continues to attract new companies, these well-established businesses will set the tone for a Hoosier economy dedicated to hard work, constant improvement and strong community roots. Their longevity is yet another example that Indiana is a state that works.”

With new products, mergers, name changes and more in the financial industry over the past 125 years, Scottsburg Building and Loan maintains its focus on offering customers the latest in financial products and services. To learn more, visit sblaonline.com.

Ohio-Based Label Manufacturer Adds 150+ Jobs in Scott County

SCOTTSBURG, Ind. (Jan. 30, 2015) – Multi-Color Corporation (NASDAQ: LABL), a manufacturer of global label solutions, announced plans today to expand its operations here, creating up to 154 new jobs by 2020.

The Batavia, Ohio-based company will invest $13 million to equip and retool its 120,500 square-foot manufacturing plant in Scottsburg. With improvements to existing manufacturing lines scheduled through the end of 2017, the company plans to increase operating efficiency and expand production volume.

“Global brands around the world proudly display Hoosier-produced labels from Multi-Color,” said Governor Mike Pence. “Multi-Color’s decision to expand in Indiana reinforces our reputation that ours is a state that works. From our Hoosier workforce skilled in manufacturing to a central U.S. location never too far from a customer or supplier, Indiana helps companies like Multi-Color grow.”

Multi-Color Logo 2 white bckgrdMulti-Color, which currently has about 3,350 associates worldwide, including approximately 220 full-time Indiana employees, has already begun hiring for manufacturing, administrative and supervisory positions. Interested applicants may apply at www.mcclabel.com/careers_jobopp.html.

“Indiana and the city of Scottsburg have always been strategic partners of Multi-Color’s,” said Lesha Spahr, global vice president of human resources at Multi-Color. “Our continued investment in our Scottsburg facility is a result of our committed workforce, strong customer base and historical performance.”

Founded in 1916, Multi-Color produces labels for consumer products, helping companies around the world build their brands in the home and personal care, food and beverage, wine and shirt and specialty markets. With its 33 manufacturing locations across six continents, Multi-Color serves international brand owners across North, Central and South America, as well as Europe, Australia, New Zealand, South Africa and China.

The Indiana Economic Development Corporation offered Multi-Color Corporation up to $1,000,000 in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Scottsburg approved additional incentives at the request of the Scott County Economic Development Corporation.

“I am very excited that Multi-Color is expanding in Scottsburg and adding 154 new jobs in our community,” said Scottsburg Mayor William H. Graham. “Multi-Color is an excellent corporate citizen and employer. Their expansion positions them well in today’s worldwide economy.”

About Multi-Color
Cincinnati, Ohio, U.S.A. based Multi-Color Corporation (MCC), established in 1916, is a leader in global label solutions supporting a number of the world’s most prominent brands including leading producers of home and personal care, wine and spirit, food and beverage and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut and Stack, In-Mold, Shrink Sleeve and Heat Transfer. MCC employs over 3,350 associates across 33 operations globally and is a public company trading on the NASDAQ Global Select Market (company symbol: LABL).

About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

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This press release is from the Indiana Economic Development Corporation. 

Media Contacts:
Ron Vonderhaar (Multi-Color) – 513.688.2619 or ron.vonderhaar@mcclabel.com
Katelyn Hancock (IEDC) – 317.234.2294 or kahancock@iedc.in.gov