In a new development for Wisconsin, Formlabs opens new regional headquarters in Milwaukee. The announcement was made in the presence of dignitaries such as Sam Rikkers, deputy secretary and COO of the Wisconsin Economic Development Corporation, and Milwaukee County Executive David Crowley, as well as Milwaukee Commissioner of City Development Lafayette Crump, welcomed the company's expansion in Wisconsin.
Over the next three years, this new headquarters will create more than 100 new jobs. The office currently employs more than 20 people.
Milwaukee was chosen by Formlabs because of its history in advanced manufacturing and the large pool of engineering and business talent produced by the state's strong educational system. Milwaukee is uniquely suited to support Formlabs' regional headquarters and the expansion of additive manufacturing, which is a key component of President Biden's AM Forward initiative aimed at improving supply chain resilience.
Formlabs Opens New Regional Headquarters
Despite scouting several other locations in the region, Winston said the company was drawn to the city because of its talent pool and "huge technical base." The 20,000-square-foot facility features an open-concept office, a print farm, two showrooms, and examples of unique 3D prints. Milwaukee's sales and service teams, according to the company, will assist customers in the area.
"We are thrilled to build a team in the original 'machine shop of the world.’"
- Luke Winston, Chief Business Officer, Formlabs
Milwaukee has a history of advanced manufacturing, which Formlabs saw as a good fit for its new tech hub. The company was also drawn to the state's educational system, which has produced a large number of engineers. The Wisconsin Economic Development Corporation, a public-private partnership responsible for business development in the state, has approved up to $675,000 in performance-based income tax credits. Formlabs must meet its job creation targets within three years to qualify.
Formlab announced earlier this year that it had sold over 100,000 professional printers and had printed over 100 million parts for the industry.
