By Christine Graf
Quad Graphics plans to invest $45 million in plant upgrades and was recently awarded $1.05 million in tax incentives from the Saratoga County Industrial Development Agency (IDA).
The company said it will be installing two state-of-the-art commercial printing presses in its Saratoga Springs plant where they print magazines, catalogs, and retail print inserts.
As part of the incentive package, Quad said it will save $211,000 in sales tax on equipment purchases. It will save an additional $105,000 a year in property tax as part of a 10-year payment-in-lieu-of-taxes agreement that freezes Quad’s property assessment.
According to Rod Sutton, IDA chairman, Quad Graphics approached the agency in October. At that time, the Saratoga Springs plant was one of 10 in the U.S. being considered as the location for the new presses. Quad Graphics has more than 35 plants in the U.S. and also has plants in Latin America and Europe.