Date: Thursday March 1, 2007 11:04:00 am
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Lexmark to spend millions on R&D
Lexington, Ky.-based printer and ink cartridge maker Lexmark International Inc. plans to pour $19 million into research and development equipment and new laboratory facilities.The company plans to spend about $12 million of that figure on R&D equipment alone, according to information submitted to the Kentucky Economic Development Finance Authority board on Thursday.Lexmark employs about 3,130 people in Lexington.The KEDFA board approved the project for $500,000 in tax incentives under the Kentucky Enterprise Initiative Act.
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