NEW ALBANY, In. — Cimtech, Inc., a machine shop offering a multitude of services, owned by Jerod and Jesika Young, will appear before the New Albany City Council this evening to request local incentives to assist with the addition of equipment which could, if approved, expand their local operation. The proposed project would allow Cimtech to create six new positions.
The expansion comes on the heels of the announcement of Cimtech’s purchase of two Louisville companies, Axis Machine and Tool and Action Material Handling, in August 2019. The equipment includes CNC machines, welding equipment, cranes, bending machines and various other fabrication/machining equipment.
“We have made New Albany our home since 1992, and with the City’s support, we look forward to growing our team and capabilities. Manufacturing in New Albany represents approximately 18% of employment. With this move, we are looking to play a small role in growing manufacturing opportunities within our great city,” said team member Jesika Young.
New Albany Mayor Jeff Gahan said, “Everyone knows that the New Albany downtown area has continued to grow and flourish. What is less noted, but just as viable, is the growth in manufacturing and jobs in New Albany. Cimtech, a great long-time, hometown company is just another example of the growth New Albany is experiencing in all sectors of the economy. As always, the City of New Albany stands ready to assist Cimtech, and all local businesses, any way we can.”
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