en.Wedoany.com Reported - VulcanForms plans to build a new 1 million square foot facility at its existing site in Devens, Massachusetts, marking a significant expansion of the company's vertically integrated additive manufacturing operations. The project is expected to create 1,063 new jobs, covering the medical, aerospace and defense, industrial, and consumer goods sectors.

The Massachusetts Economic Assistance Coordinating Council (EACC) confirmed that it has approved $21.26 million in state tax credits for the project through the Economic Development Incentive Program (EDIP). EDIP is a performance-based program administered by the Massachusetts Office of Business Development (MOBD), with tax credits tied to job creation and capital investment commitments.

Governor Maura Healey viewed the approval as part of a broader trend of business investment in the state. She stated that Massachusetts remains a place where companies choose to invest, grow, and create jobs, and that through the Economic Development Incentive Program, the state helps companies expand, strengthens local economies, and creates quality jobs in communities across the state. Economic Development Secretary Eric Paley noted that from robotics and artificial intelligence to advanced manufacturing and life sciences, these companies are making long-term commitments through the Economic Development Incentive Program, which is a powerful vote of confidence in Massachusetts as a place for innovation to scale and businesses to succeed.

The Devens facility will be VulcanForms' third location in Massachusetts, following existing plants in Devens and Newburyport. The company uses industrial metal 3D printers, machining equipment, and production systems to manufacture components for multiple industries, and secured $220 million in Series D funding in January. VulcanForms stated that the funding will help expand its manufacturing platform and support domestic supply chain development. The broader EDIP projects approved at the June EACC meeting cover 11 projects, expected to generate 2,793 net new jobs, retain 1,503 positions, and attract over $1.4 billion in private investment, in exchange for $52 million in state tax credits.

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