IBJNews

Indy-based 3D printer lands incentives for expansion

Back to TopCommentsE-mailPrintBookmark and Share

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.

“Manufacturing is a team sport,” said founder Kim Brand. “In a world accustomed to success stories in the software and services businesses, we want to make manufacturing cool again."

The firm is located at 1011 E. St. Clair St. downtown. Brand said Thursday morning that the company was hunting for a larger space.

The company produces metal, plastic and composite parts for the medical, aerospace, automotive, defense and plastic molding industries. The process works through selective laser sintering and Polyjet additive manufacturing technologies.

Rather than screwing and gluing parts together, operators plug digital designs into machines that shape plastic and metal powders from the bottom up, one microscopic level at a time. Several hours later, a prototype or part is ready for use.

Brand, who launched the company alongside his son, Adam Brand, and longtime business associate, Alan Michel, likened 3D printing’s potential to the microprocessor boom that gave rise to the personal computer.

“There’s going to be this revolution, and I believe it’s going to be very similar to when I graduated college in 1975,” said Brand, whose career has mostly focused on information technology, including running two IT companies. “We were handed this technology, microprocessors. We didn’t really have any notion of what would happen.”

The technology in 3D printing has been around for close to 30 years. More than 100 companies already offer some form of the manufacturing service in Indiana, according to listings with Central Indiana Corporate Partnership.

But recent attention has sped up its evolution, meaning demand will likely spike and costs will come down, said Tim Gornet, manager of Rapid Prototyping Center Operations at the University of Louisville.

"The big advantage that we’ve always had as a country, we tend to be early adopters of new technologies in the U.S.,” Gornet said. “So we’re willing to push the envelope. That’s something we need to take advantage of.”
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Hello Dear Are you tired of Seeking Loans and Mortgages,have you Been Turned down constantly By your banks and Other Financial Institutions or Micro Finance scheme. This is let you know with 100% guarantee that we Offer loans ranging from $1,000 Minimum to $1,000,000.00 Maximum at 3% interest rate per Month. We give out LOANS for developing business. a competitive edge/business expansion. email address: michealscottloan124@gmail.com We offer the following kinds of loans and many more; * Personal Loans ( Unsecured Loan) * Business Loans ( Unsecured Loan) * Consolidation Loan * Combination Loan * Home Improvement * Xmas Loans for contact to seek for loan email this email address: michealscottloan124@gmail.com Thanks

  2. My name is Mr Henry Josh and i live in the USA California and life is worth living right now for me and my family and all this is because of one man sent by GOD to help me and my family, i once had a life filled with sorrow because my first SON needed a kidney transplant and all our savings were going towards his medications and this normally leaves us with no money to pay our bills or even put enough food on our table and our rent was due and no funds to pay these bills and life felt so unfair to me and every night my wife will cry herself to sleep every night until one day, i was browsing through yahoo answers and i saw a striking advert of a man that gives out personal loans and that the offer is opened to all and i have heard so many things about internet scams but at this point of my life, i was very desperate and ready to take any risk and at the end of the day, i applied for this loan and from one step to another, i got my loan within 12 hours through bank transfer and you know, it was all like a dream and i called Mr Daniel Jones A Man who is the GOD sent lender i found and said, i have received my loan and he smiled stating that to GOD be the glory and i was so shocked as i have never ever seen anyone with such a GOD fearing and kind heart and today, i am the happiest man on earth because by GOD’S grace, my SON kidney transplant was successful and today he is healthy, i and my family are living very comfortable and happy and if you are in my former situation or in serious and legitimate need of a loan, you can reach this GOD sent lender via fidelityloanfirm@outlook.com

  3. Greetings to everyone reading this comment!!! I am Greg William by name. I am out here to recommend the effort of Mark Oscar,I was in need of a consolidation loan amount of 50,000 and as soon as I got in contact with Mark Oscar Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred,I want everybody on this site to contact Mark Oscar now via email on how to get a loan because I got my loan from them and I am very happy,so contact them now. Oscarloanfinance@hotmail.com Thanks!!!!!!

  4. Elected officials, like Mourdock, get vested in 8 years. It takes 10 years for all other public employees, most of whom make a lot less money. So much for the promise to finish out his term.

  5. Great state treasurer and a good man!! Just curious if the folks who didn't quite understand his quote would like to tell my daughter-in-law that God didn't intend her! Mourdock's comment was correct but twisted and the article didn't mention that his opponent and the press let the impression stand that Mourdock meant that the rape was intended. Stupid people!!

ADVERTISEMENT