VulcanForms Expands Operations in Devens with New Factory and 1,000+ Jobs
VulcanForms is constructing a one-million-square-foot factory in Devens, Massachusetts, creating over 1,000 jobs. The expansion, supported by a $21.3 million tax credit, aims to enhance production capacity for various industries, addressing growing demand for 3D-printed metal parts.
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VulcanForms is set to build a new one-million-square-foot factory in Devens, Massachusetts, resulting in 1,063 new jobs. The expansion follows a $21.3 million tax credit awarded by the Economic Assistance Coordinating Council and is part of VulcanForms' initiative to increase capacity for sectors such as aerospace, defense, and healthcare.
The company has raised $220 million in Series D funding from private investors, including Eclipse Ventures and 1789 Capital, to support this growth. VulcanForms operates one existing facility in Devens and another in Newburyport. The factory's opening may enhance local employment and stimulate economic development in the region.
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