A 5-year-old manufacturing company has plans to relocate from Indianapolis to Westfield and hire an additional 15 employees by 2021.
3rd Dimension Industrial 3D Printing, which is based at 7168 Zionsville Road in Indianapolis, intends to move to a much larger facility on Oak Ridge Road, just north of 169th Street in Westfield.
The company was founded in May 2013 by Robert Markley and has become one of the country’s leading metal additive manufacturing businesses, he said. The company's clients include the Department of Defense and aerospace and automotive companies.
The business has outgrown the 4,500 square feet of space in Park 100 on Zionsville Road and plans to move into a 27,000-square-foot building.
The company plans to spend $10 million outfitting the facility with advanced manufacturing equipment.
Currently, 3rd Dimension has seven employees, expects to employ 22 by 2021, making an average wage of $28 per hour, not including benefits, according to the company's request for a city tax abatement.
On Monday night, the Westfield City Council approved a five-year tax abatement for the company that will save it about 60 percent on its personal property taxes over the abatement period. Once the abatement ends, the company is expected to pay about $83,000 a year in tax revenue.