48HourPrint.com CEO Ray Pinard part of White House meeting on Economic Stimulus Act
On Monday, April 7, 2008 - President George W. Bush met with Raymond Pinard, president and CEO of 48HourPrint.com, along with other members of the U.S. Chamber of Commerce.
Chamber officials pointed to tax incentives in the act for companies to purchase new equipment.
"There's no doubt that this plan will jump start our spending on capital equipment and expand our services," Pinard said. "We've already placed deposits on new printing presses and soon will be adding a line of digital equipment, allowing us to move into entirely new markets."
Boston, MA - 48HourPrint.com President/CEO Raymond E. Pinard was among a small group of business leaders invited to the White House recently to meet with President George W. Bush to discuss the economic stimulus package and the need to maintain a strong business atmosphere.
Pinard responded to the temporary tax incentives in President George Bush's stimulus package by purchasing a $2 million offset sheet-fed press for 48HourPrint.com, a leading online supplier of high-quality customized printed products to businesses. The growth package offers temporary tax incentives for businesses to invest in their companies and create jobs this year, and for 48HourPrint.com, resulted in $300,000 of bonus depreciation for 2008.
"The purchase could have waited until next year, but the investment incentives provided by the stimulus package made this purchase possible in 2008, said Pinard. "There's no doubt that this plan will jump start our spending on capital equipment and expand our services," Pinard said. "We've already placed deposits on new printing presses and soon will be adding a line of digital equipment, allowing us to move into entirely new markets."
In the meeting at the White House, Pinard shared 48HourPrint.com's investment plan with the President and discussed the stimulus package impacts on the company, and ultimately, on its customers. "The increased technological advantage from the new press will afford our company additional capacity and throughput, which are very necessary in meeting our customers' demands in a 48 hour turnaround time," said Pinard. "Our company was built on innovation and creativity and it's going to continue to grow based on those very same ideals. We're excited about our future and what it means for our customers."
48HourPrint.com is the nation's leading on-line business to business commercial printing provider. The company is headquartered in Boston with printing plants in Cleveland and Phoenix. Want to learn more? Visit www.48HourPrint.com.