Empire State Development (ESD) has announced that additive manufacturing (AM) systems company Evolve Additive Solutions will expand operations in the Town of Brighton, Monroe County, NY. The expansion at Evolve's Metro Park location will allow the company to create close to 60 new jobs in the region over the next five years. Evolve, which is headquartered in Minnesota, operates its materials technology center in Brighton, NY. The 15-person office is headed up by Kodak veteran Rich Allen, who outlined the benefits of growing the company's high-tech operation locally, including the talent pool that is readily available in the Finger Lakes region.
"The Finger Lakes region is home to some of the most talent-rich tech companies in the industry," said Empire State Development President, CEO and Commissioner Howard Zemsky. "Supporting businesses like Evolve Additive Solutions will further support our efforts to grow the 21st century economy while creating good-paying jobs and generating new opportunities in the region."
Evolve is focusing on its AM technology known as Selective Thermoplastic Electrophotographic Process (STEP) on products in the automotive, aerospace, medical and industrial markets. Initially, the company plans to expand the manufacturing space at the Brighton facility by 7,000 sq. ft. with plans to add on another 13,000 sq. ft. in the coming years. Supporting the growth of high-tech industries is an integral part of the regionally designed Finger Lakes Forward economic development plan.
Founded in 2017, Evolve Additive Solutions' recently raised $19 million in equity funding with the LEGO Brand Group and Stanley Black & Decker as the lead investors, with the dollars raised earmarked to commercialize STEP, hire new talent and expand facilities such as the office in Brighton. STEP will sit alongside traditional manufacturing processes on the production floor such as injection molding and CNC and will provide organizations with another asset to get products to market faster, leverage for bridge manufacturing and low volume production runs for manufactured end-use parts.
Steve Chillscyzn, CEO of Evolve Additive Solutions, said, "Our Brighton facility is key to our success and having a first-class facility to attract the best talent possible for materials and process development is essential. We are extremely pleased that Empire State Development recognizes the opportunity our technology can offer to our future customers but also to are current and future employee base in the area."
To facilitate Evolve Additive Solutions growth in the Finger Lakes region, Empire State Development has offered tax credits of up to $1 million through the Excelsior Tax Credit Program in exchange for job creation commitments. The company plans to invest $1.2 million to grow its local operation. Monroe County and Greater Rochester Enterprise are also assisting with the project.
For more information contact:
Additive Solutions
5600 Rowland Road, Suite 180
Minnetonka, MN 55343
952-314-2161
info@evolveadditive.com
www.evolveadditive.com