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IPG Photonics to Add 175 Jobs

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OXFORD, Mass., Jan. 6, 2012 — IPG Photonics will add 175 new employees as part of an $18 million plan to expand its facility by more than 100,000 sq ft, with the help of $1.7 million in tax credits from the state of Massachusetts, state officials said Thursday. The announcement came as Lt. Gov. Timothy Murray joined state and local officials at the fiber laser maker's Oxford facility to announce both IPG's tax credit under the Economic Development Incentive Program and a $2.2 million MassWorks Infrastructure Grant for the town of Oxford. IPG, acknowledged as one of the commonwealth's fast-growing manufacturers,...Read full article

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    Published: January 2012
    AmericasBusinessDudleyEconomic Development Incentive Programfiber lasersfiber opticsindustrialIPG PhotonicsMassachusettsMassWorks Infrastructure GrantOxfordRichard Mooretax creditsValentin GapontsevWebsterWorcester CountyLasers

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