Cortlandville Manufacturer I-M-S Adding Jobs & Growing With State Support
A start-up manufacturing company that has been quietly growing at the former Smith Corona building in South Cortland has been awarded state dollars to assist with a planned expansion that includes new jobs.
Innovative Manufacturing Solutions in Cortlandville is a machine shop that specializes in prototype work; the company’s primary business is precision milling, multi-slide production and precision turning. I-M-S produces a full line of parts for businesses in the medical field, telecommunications industry, automotive, aerospace, defense, and higher education.
The small start-up began seven years ago; they currently employ 16 people. The company utilizes around 10 thousand square feet in the former typewriter plant, with plans to add more space soon.
Working with the Cortland County Business Development Office the company applied for funds to support a $275 thousand dollar expansion through the State’s Community Development block grant program.
The B-D-C was able to submit the application for funds to the Regional Economic Development council; the state has now awarded the company $100 thousand dollars through a supplemental round of grant funding. The money will be used to purchase new precision equipment, which will support the creation of three to four new manufacturing jobs.
According to Jeff Spada I-M-S Vice President for Business Development, the company is in a growth mode, they have secured contracts from Borg Warner to produce parts for the company. Borg is in the process of shuttering its Cortland plant and consolidating. Spada says I-M-S is also doing a lot of prototype work for Borg which the company then markets to perspective customers.
Garry VanGorder who heads up the B-D-C says this is expansion another success story coming out of the Cortlandville Commerce Center, the business incubator is helping companies grow and adding good paying local jobs.
Looking to the future Spada says, I-M-S is looking at other growth areas including 3-D printing and other high end production processes including induction heat treating which is a very specialized niche area. Another are prime for growth is with 3-D lasers, Spada says I-M-S wants to be more than a production house which can be impacted with downturns in the economy.