VulcanForms to Expand Massachusetts Facility with $21M Tax Credit

Digital manufacturing company VulcanForms is planning a substantial expansion of its operations at its existing Devens, Massachusetts location. The company aims to construct a facility potentially reaching one million square feet. The Massachusetts Economic Assistance Coordinating Council (EACC) has approved $21.26 million in state tax credits for this project through the Economic Development Incentive Program (EDIP). This performance-based program links tax credits to job creation and capital investment commitments.

The expansion is expected to generate 1,063 new jobs across various sectors, including medical, aerospace and defense, industrial, and consumer goods. This new facility will be VulcanForms' third in Massachusetts, adding to its current sites in Devens and Newburyport. The company specializes in utilizing industrial metal 3D printers, machining equipment, and automated production systems to manufacture parts for a diverse range of industries.

The approval for VulcanForms was part of a larger EACC meeting where 11 projects were certified, collectively receiving $52 million in tax credits. These initiatives are projected to create 2,793 new jobs, preserve 1,503 existing positions, and attract over $1.4 billion in private investment statewide. Other notable recipients included Boston Dynamics, which secured $25 million for a robotics and manufacturing center.

Governor Maura Healey emphasized the EDIP's role in fostering company expansion, strengthening local economies, and creating employment opportunities across Massachusetts. Economic Development Secretary Eric Paley highlighted the long-term commitment of these companies to grow within the state, viewing it as a strong endorsement of Massachusetts as a hub for innovation and business success. VulcanForms' significant scaling plan underscores the importance of workforce development alongside physical infrastructure growth.