From the Indianapolis Business Journal:
State officials are offering $700,000 in economic development incentives to Indianapolis-based 3D Parts Manufacturing LLC based on its plans to expand and hire 65 workers by 2018.
Launched in January, 3D Parts Manufacturing has joined a recent surge in rapid prototyping and additive manufacturing operations known as 3D printers. In May, IBJ detailed the firm’s $725,000 startup and its plans to grow operations.
Those plans include investing $6 million to lease and equip 25,000 square feet of operations space and hiring 65 workers by 2018, when it expects to generate $20 million in annual revenue. 3D Parts Manufacturing is filling manufacturing and engineering positions.
Indiana Economic Development Corp. has offered the firm up to $625,000 in conditional tax credits and $75,000 in training grants based on job creation. The tax credits are performance-based, meaning they cannot be claimed until workers are hired.
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http://www.ibj.com/indy-based-3d-printer-lands-incentives-for-expansion/PARAMS/article/42017
