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[IEDC] 3D Printing Business Growing in Downtown Indy
Start Date: 6/20/2013Start Time: 12:00 AM
End Date: 6/20/2013End Time: 11:59 PM
Entry Description
INDIANAPOLIS (June 20, 2013) - 3D Parts Manufacturing, LLC, an additive plastics and metal parts manufacturer, announced plans today to expand its operations here, creating up to 65 new jobs by the end of 2018.

"Indiana has established itself as a global manufacturing leader and expansions like 3D Parts point to the strength of our manufacturing industry," said Victor Smith, Indiana Secretary of Commerce. "Hoosier companies enjoy the benefits of a workforce experienced in high-tech manufacturing, as well as low-tax, pro-growth policies at the Crossroads of America." 

The company will invest $6 million to lease and equip 25,000 square feet of space in Indianapolis. Formerly producing parts overseas, 3D Parts will now house all part production at this new location. With equipment installation completed in May, the company has already begun producing plastic and steel parts. 3D Parts is currently filling engineering and manufacturing positions. Interested candidates can apply at jobs@3dpartsmfg.com.

"3D Parts is excited to launch an advanced manufacturing operation in Indiana and looks forward to bringing state of the art 3D printing technologies to Indiana's strong manufacturing community," said Kim Brand, general manager of 3D Parts. "Indiana's long manufacturing heritage, competitive business environment and top quality workforce made the state an ideal place to grow our business. Manufacturing is a team sport. In a world accustomed to success stories in the software and services businesses, we want to make manufacturing cool again." 

3D Parts produces metal, plastic and composite products through selective laser sintering and Polyjet additive manufacturing technologies. Founded by Brand, a former engineer and local businessman, the company uses three dimensional modeling systems as part of its manufacturing process and supports the medical, aerospace, automotive, defense and plastic molding industries. 

The Indiana Economic Development Corporation offered 3D Parts Manufacturing, LLC, up to $625,000 in conditional tax credits and up to $75,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.

"3D Parts is an excellent example of a local company moving their manufacturing process back to the United States after launching in China," said Indianapolis Mayor Greg Ballard. "This sends a strong message about the strength of our workforce and our regional proficiency in advanced manufacturing."

3D Parts' announcement marks the third company this week to choose Indiana for business. On Monday, Smartfile, an online file sharing and hosting service provider, announced plans to invest $2.1 million to expand in central Indiana, creating up to 30 new jobs. In addition, engineering and contracting firm Shambaugh & Sons announced yesterday that it will invest $4.37 million to grow its Fort Wayne headquarters, adding up to 110 new jobs. 

About 3D Parts 
3D Parts Manufacturing is your preferred partner for additive manufacturing, rapid prototyping, tooling, fixturing, pilot and production parts fabrication from a variety of steels, plastics and carbon fiber materials.  We specialize in 3D engineering transition services - helping  manufacturers adapt 3D technology to existing product lines.

About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the chief executive officer of the IEDC. 

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.


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Media Contacts:
Kim Brand (3D Parts) - 317.500.4134 or kim.brand@3dpartsmfg.com 
Katelyn Hancock (IEDC) - 317.234.2294 or kahancock@iedc.in.gov
Contact Information:
Name: Katelyn Hancock
Phone: 317-234-2294
Email: kahancock@iedc.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • Business & Agriculture
  • Agency Name
    Economic Development Corporation, Indiana

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