Midwest Metal Works growing in New Albany
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New Albany-based Midwest Metal Works is growing its southern Indiana operations, One Southern Indiana (1si) announced late Thursday. The steel fabricator and manufacturer plans to invest nearly $1.4 million to add new machinery and boost training to increase production, adding 12 jobs in the process.
Midwest Metal produces steel products for a variety of industries, including power generation plants, oil refineries and food manufacturers.
1si, the chamber of commerce and economic development organization for Clark and Floyd counties, says the new jobs will come with an average hourly wage of over $42. The company currently has 11 full-time employees with an average wage of $37 per hour.
“We couldn’t be more thrilled to expand our current operations,” Midwest Metal Works President Jeff Elzy said in a news release. “The increased growth we have seen over the years has led to this expansion, and with the new equipment, we can now produce more for our current clients and increase our client base to include companies that currently look out of Indiana for their products.”
The Indiana Economic Development Corp. has offered Midwest Metal Works up to $100,000 in conditional tax credits and up to $73,000 in Manufacturing Readiness Grants. The company will not be eligible to claim the incentives until Hoosier workers are hired for the new jobs.
The city of New Albany has also offered personal and real property tax abatements for the project.
“The city of New Albany was pleased to be able to assist Midwest Metal Works with their expansion,” stated Mayor Jeff Gahan. “It’s wonderful to see companies like Midwest Metal Works recognize the value of being located here in our River City, and we are so proud that they have chosen to expand in New Albany.”