Midwest Metal Works, Inc. is growing. The steel fabricator and manufacturer plans to invest in new machinery and training to increase production and create additional business for the Indiana-based company. The total capital investment is estimated at $1,372,873, creating 12 more jobs with an average wage of over $42.00.
Midwest Metal Works has been a local industrial, commercial, and sheet metal fabricator and manufacturer since 2006. The company includes skilled journeymen and apprentices and has created products for many industries, including power generation plants, oil refineries, food manufacturers, automotive, distilleries, and the Department of Defense. Currently, they have 11 full-time employees with an average wage of $37.00.
“We couldn’t be more thrilled to expand our current operations,” said Jeff Elzy, President of Midwest Metal Works. “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.”
Based on the company’s job creation plans, the Indiana Economic Development Corporation (IEDC) committed to an investment in Midwest Metal Works of up to $100,000 in the form of conditional tax credits. The IEDC also committed an investment of up to $73,140 in Manufacturing Readiness Grants, which are designed to help companies invest in smart manufacturing and new technologies. These incentives are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made. In addition, the City of New Albany is offering the company personal and real property tax abatement, phasing in over five and ten years, respectively.
“Indiana’s robust manufacturing sector continues to accelerate and create new, high-wage jobs thanks to the commitment of companies like Midwest Metal Works,” said Ann Lathrop, chief strategy officer at the IEDC. “As a state, we’re working hand-in-hand with manufacturers to make critical investments in smart technologies and processes to future-proof our businesses, upskill jobs and push Hoosier manufacturing forward, ensuring Indiana is at the forefront of developing and producing the products that power tomorrow’s global economy.”
“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.”
“We are very excited to see Midwest Metal Works continue to grow,” said John Launius, Vice President and Director of Economic Development at One Southern Indiana. “Not only are they expanding current operations, but they are also contributing to our region’s sustained economic growth by creating more opportunities for our local community.”
