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Dewey, Oklahoma-based Central States Business Forms is in a similar position. Owner Kenneth Adams recalled at the start of the recession in the late 1980s, the company had a fair amount of debt. But Adams sold another company and used the proceeds to pay off Central States Business Forms’ loan. In the end, Central States survived the recession just fine and has since remained debt-free. Nevertheless, the differences between the late 1980s and today are striking.
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Elise Hacking Carr
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Elise Hacking Carr is senior production editor for Print & Promo Marketing magazine, and managing editor for PRINTING United Journal.
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