PITTSFIELD, Mass. — Interprint is investing more than $20 million in its printing facility and its asking the city for a 10-year tax increment financing agreement.
The TIF is expected to save the company $482,000 over the next decade on an estimated $1.9 million more in valuation. The current valuation of the property is $5,580,300.
The decorative printing company is also receiving $300,000 in state Economic Development Incentive Program credits through the state's Economic Assistance Coordinating Council.
The company said on Monday that it will invest $22 million into its Central Berkshire Boulevard facility for additional printing presses and is planning a 57,000 square-foot expansion.
The expansion will mean 20 more jobs at the facility by 2025, bringing the company's staff to about 185.
"We are thankful for the support of our owners and management group so that we can continue to meet the dramatic rise in popularity of our customers' products long into the future," said co-Managing Director Bill Hines Jr. "Creation, and continued support, of family-supporting jobs in Berkshire County has always been a major goal of ours."
Interprint Inc. is the North American headquarters of the Germany-based Interprint Group that was acquired by the global printing company Toppan Inc. in 2019.
The City Council will take up the TIF at Tuesday's meeting.
The TIF will provide 100 percent forgiveness of the incremental increase in property taxes resulting from the construction of the new building in the first and second years and decrease by 20 percent every two years.
The company announced on Monday that it will invest $22 million into its Central Berkshire Boulevard facility for additional printing presses and storage. Separately, another investment of $7 million will replace its oldest press with a new one capable of printing on both paper and film.
"Over the next several years, lnterprint has an opportunity to become the leading domestic supplier in the luxury vinyl tile (LVT) market. To compete with LVT market leaders from China and Taiwan, lnterprint must expand their manufacturing facility, purchase new equipment, and hire more employees," Mayor Linda Tyer wrote in the order requesting the TIF.
"lnterprint's primary customers have enticed them to locate the new manufacturing facility in Georgia by promising lower operational costs. To compete with Georgia, the City of Pittsfield and the Commonwealth of Massachusetts have committed its support for lnterprint's expansion here in Pittsfield."
The company's announcement detailed a 57,000 square-foot expansion to accommodate three new printing machines and storage that will begin construction in November and is set to be completed next summer.
It was revealed that this will be the fourth expansion of the building.
After iBerkshires' publication of the meeting coverage, a representative from the company said some of the information provided during the presentation may not be correct and could not confirm any of the details listed in the application.
No further information was received before Monday's press release.
Early this month, the Conservation Commission also approved the expansion. It was said to be a 57,000 square-foot addition during this meeting.
Last week, the Baker-Polito administration announced the approval of five economic development projects supporting job growth and business expansion in the state, one being Interprint's project for expanding a new luxury vinyl tile production.
The administration described the addition as being 54,000 square feet and the company contributing a private investment of $27.5 million (City Council materials quote $28 million). It also stated that Pittsfield had approved the 10-year TIF
Interprint was founded in Pittsfield in 1985 and today is considered one of the world's leading printers of surface decors, including timber products, living room, kitchen and bathroom furniture, laminate flooring, and interior furnishing in trains, ships, and RVs.
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Belchertown Stops Pittsfield Post 68
By Stephen DravisiBerkshires.com Sports
PITTSFIELD, Mass. – Belchertown Post 239’s Cooper Beckwith set the tone when he crushed the game’s first pitch to left-center field for a double.
The visitors went on to pound out 14 more hits in a 9-1 win over Pittsfield Post 68 in American Legion Baseball action at Buddy Pellerin Field on Monday night.
Beckwith went 3-for-4 with an RBI and scored twice, and Chase Earle went five innings on the mound without allowing an earned run as Post 239 improved to 15-0 this summer and completed a regular-season sweep of Post 68 (12-4).
“He’s a good pitcher,” Post 68 coach Rick Amuso said. “Good velo[city], kept the ball down. We didn’t respond.”
Pittsfield did manage to scratch out a run in the bottom of the fourth inning, when it already trailed, 7-0.
Nick Brindle reached on an error to start the inning. He moved up on a single by Jack Reed (2-for-2) and scored on a single to left by Cam Zerbato.
That was half the hits allowed by Earle, who struck out three before giving the ball to Alex West, who gave up a leadoff walk in the sixth and retired the next six batters he faced.
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