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IPG Photonics Adding Jobs

Photonics Spectra
Mar 2012
With the help of $1.7 million in tax credits from the state of Massachusetts, IPG Photonics will add 175 employees as part of an $18 million plan to expand its facility by more than 100,000 sq ft. Lt. Gov. Timothy Murray joined state and local officials at the fiber laser maker’s Oxford facility to announce both the tax credit under the Economic Development Incentive Program and a $2.2 million MassWorks Infrastructure Grant for the town of Oxford. Oxford, with the support of other towns, will use the funds to install a sewer extension to open areas for economic development.



GLOSSARY
fiber laser
A laser in which the lasing medium is an optical fiber doped with low levels of rare-earth halides to make it capable of amplifying light. Output is tunable over a broad range and can be broadband. Laser diodes can be used for pumping because of the fiber laser's low threshold power, eliminating the need for cooling.
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