Additive Manufacturing Machine Builder Continues to Invest in the Northeast Ohio Region
JuggerBot 3D, a Youngstown Business Incubator (YBI) portfolio company that manufactures industrial-grade 3D printers, has received a $25K Inclusion Grant from JobsOhio supporting investment in current and future employees to help increase the company’s manufacturing and servicing capacity. In addition to physical expansion, the project will add three new employees to JuggerBot 3D’s current staff of six.
“We are fortunate have organizations like JobsOhio who truly support economic development and enables company’s like JuggerBot 3D to seize innovative growth opportunities”, Zac DiVencenzo, President and Co-founder of JuggerBot 3D.
JuggerBot 3D plans to increase production capacity and technology development to support the growing demand for advanced industrial additive manufacturing equipment. An additive manufacturing (AM) roadmap released in August by the AM Roadmap Project Team – a collaboration of Team NEO, YBI, MAGNET, America Makes, prominent manufacturers (both end-user and supply-chain companies) and leading academic institutions – revealed that implementation of AM in five manufacturing sub-sectors – Medical/Dental, Transportation Equipment, Metal, Plastics/Rubber and Construction – can impact regional growth by $500 million to $1.5 billion gross regional product by 2025.
“JuggerBot 3D is a prime example of YBI’s mission to collaborate with innovative technologies for long-term opportunities in advanced manufacturing,” said Barb Ewing, CEO of YBI. “We are grateful for the support from JobsOhio and Team NEO to ensure JuggerBot 3D’s growth plans.”
“We are pleased that JobsOhio awarded an Inclusion Grant to JuggerBot 3D,” added Team NEO CEO Bill Koehler. “Along with JobsOhio, YBI and local partners, we look forward to supporting JuggerBot 3D as they continue to innovate and prosper in the Northeast Ohio Region.”
About JuggerBot 3D
JuggerBot 3D manufactures industrial 3D printers that serve as a valuable tool for manufacturers to build production tooling and functional parts. Our continued internal investment and partnerships yield industry-leading extrusion technologies that are uniquely capable of processing performance materials. More information can be found at juggerbot3d.com.
About Team NEO
Team NEO is a private, nonprofit economic development organization accelerating business growth and job creation throughout the 18 counties of the Northeast Ohio Region. As the designated JobsOhio Network Partner, we align and amplify local economic development efforts in the region’s 18 counties; we conduct research and data analysis to inform local conversations and influence solutions; we market the Northeast Ohio Region; and we work to increase access to jobs, education and training for the region’s 4.3 million people. We do this to build a more vibrant regional economy – one that is more talented, equitable, competitive, innovative, resilient and prosperous. For more information, visit teamneo.org.
About JobsOhio
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.
About YBI
The Youngstown Business Incubator (YBI) is an Ohio-based technology incubator with a mission to facilitate the creation of high-value businesses through collaborative partnerships that promote innovative technologies and long-term sustainable employment opportunities. The YBI focuses heavily on information technology, advanced manufacturing, and women, youth and minority-owned enterprises by providing comprehensive, high-quality entrepreneurial services, such as facilities, industry resources and equipment, entrepreneurial counseling, and networking opportunities. As part of the JumpStart Entrepreneurial Network, the YBI services software and advanced manufacturing businesses across 21 counties in northeast Ohio. For more information on the YBI, please call 330.746.5003 or visit www.ybi.org.