New Albany, Ind. (February 18, 2022) – Southern Indiana continues to be an excellent region for commerce, as Cimtech, Inc. announced its intention to expand its corporate headquarters at 325 Park East Boulevard in New Albany. The company plans to invest $2.3 million over the next ten years in equipment and property improvements. The project will increase their building footprint by 13,900 square feet while increasing the number of production positions by five over the next several years. These will be quality positions with compensation above the average for Floyd County.
“We are very excited to expand our headquarters in southern Indiana,” said Jesika Young, Team Member and CEO of Cimtech, Inc. “We were looking to increase our footprint at our current location which will allow us to grow aggressively and attract top talent as we continue to build our brand. The City of New Albany and One Southern Indiana have been critical in assisting us in achieving this for our company’s future as a manufacturing solution provider.”
“New Albany continues to have the reputation for retaining dynamic companies choosing to expand operations in our great city. Cimtech Inc.’s approved incentives from the Common Council is further proof our hard work and commitment to business are paying off for the city and the region,” said New Albany Mayor Jeff Gahan, “I am excited about the company’s decision to invest in their future here and look forward to many years of success and growth for our friends at Cimtech.”
Wendy Dant Chesser, president and CEO of One Southern Indiana, said, “Cimtech expanding in southern Indiana at its current corporate headquarters speaks volumes about the company’s dedication to its team members, products and our region. Cimtech’s dynamic manufacturing production and distribution serve not only our area but also regions throughout the United States. 1si looks forward to our partnership with the Cimtech team to ensure their continued success.”
Cimtech is a family-owned, team-operated company established in 1975 and headquartered in New Albany, Indiana since 1992. Their mission is to be the premier solution provider to manufacturers that is supported by a team of dedicated, experienced engineers, machinists, and fabricators with over 750 combined years of experience. They are nationally recognized as a top ten precision manufacturer providing solutions to industries across the United States, which include the Department of Defense, HVAC, food and beverage, rail, automotive, medical, aerospace, and industrial businesses.
About One Southern Indiana
One Southern Indiana was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to provide the connections, resources and services that help businesses innovate and thrive in the Southern Indiana / Louisville metro area. For more, visit www.1si.org
Wendy Dant Chesser
President & CEO
One Southern Indiana
Team Member and CEO