Downstate Tech Company Seeks Help from Jeffersonville
JEFFERSONVILLE - Jeffersonville-based Amatrol Inc. is asking the city of Jeffersonville for tax abatement, which it says, could lead to a $2.5 million expansion of its facility and the creation of 35 new jobs.
Amatrol says the proposed 26,000-square-foot expansion would help the company as it grows in domestic and international markets.
The company designs, develops and manufactures technical training systems. The firm says it also intends to introduce new product lines in smart automation and HVAC hands-on training equipment and e-learning software.
“Amatrol now has a plan which, with the support of local and state governments, will allow us to expand our facility to accommodate more clients in new and innovative ways,” said Amatrol President Paul Perkins. “We are very energized about the possibilities and look forward to working with One Southern Indiana, the City of Jeffersonville and other partners to achieve this goal.”
While the city council must approve the tax abatement, Jeffersonville Mayor Mike Moore says the request has his support.
“We believe this expansion project is indicative of area manufacturers’ confidence in the region and a national trend to train and skill-up the workforce, in general.,” said Moore. “As a manufacturer of training equipment, we feel confident Amatrol’s continued growth is a good barometer for the stability of the area’s manufacturing sector.”
One Southern Indiana and the Indiana Economic Development Corp. are encouraging the Jeffersonville City Council to grant the tax abatement request which would allow the company to phase in its property taxes over time.
“We congratulate the company and its president, Paul Perkins, on their accomplishments and will work to assist Amatrol in their growth plans in any way possible,” said 1si President and CEO Wendy Dant Chesser.
The IEDC says it offered Amatrol up to $150,000 in conditional tax credits based on the company's job creation plans. The IEDC will also offer up to $200,000 in conditional tax credits from the Hoosier Business Investment (HBI) tax credit program based on the company’s planned capital investment in Indiana.
One Southern Indiana says it’s estimated the salary level of those three dozen new positions would be 25 percent above the Clark County average.