Franklin EDC unanimously approves seven-year personal-property abatement for Innovative 3D
November 05, 2025 | Franklin City, Johnson County, Indiana
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The Franklin City Economic Development Commission on Thursday approved a seven-year personal-property tax abatement for Innovative 3D tied to roughly $10,000,000 in new equipment, and applied the commission’s standard EDC fee.
Todd Gentry, an Innovative 3D company representative, told commissioners the Franklin-based metal additive manufacturer has grown from roughly 30,000 parts a year to more than 100,000 parts shipped in the current year, serving aerospace, defense, medical and heavy-duty diesel customers. "We went from doing roughly 30,000 pieces a year to already this year…100,000 pieces shipped," Gentry said.
The company described its process as metal additive manufacturing using fine metal powders and said it holds multiple industry certifications required for defense and medical work, including ITAR registration and ISO certifications. Gentry said Innovative 3D uses Renishaw equipment and lists customers including Siemens Energy, Rolls-Royce, Cummins, Caterpillar and John Deere.
Gentry said Innovative 3D expects to move into a new, state-of-the-art facility at 991 Linville Way in early 2026. The company told the commission the current footprint is about 9,500 square feet and the new facility will be roughly 30,000 square feet; additional expansion is anticipated. "We'll be moving into the 991 Linville Way in early 2026," Gentry said.
As part of the presentation, Gentry requested a seven-year abatement on an estimated $10,000,000 in personal property to support production growth. He estimated the expansion would create about 10 new jobs over five years, with 3–5 jobs coming in 2026, and an average wage of about $25 per hour plus bonuses and overtime. "Approximately 10 new jobs that we created over the next 5 years, with 3 to 5 being in 2026," Gentry said.
Commission discussion included routine questions about the company’s existing facility and whether it would remain in operation; Gentry said the current site is expected to be sold and converted into a second machine shop. Commissioner Sean Taylor (EDC member) expressed support for the longer abatement term, saying a seven‑year period "is perfectly in line" for a homegrown company expanding at this scale.
The commission first voted that the statutory and local findings required (paragraph 6, a–e for personal property) had been met. After that finding, a motion to approve a seven-year abatement with the standard EDC fee was made and seconded; both voice votes passed unanimously.
The commission also received staff notice that the December meeting will include presentations from this year’s EDC fee recipients and a demonstration by Adam Stone of Stone Municipal Group on software intended to standardize abatement scoring in light of recent property-tax changes under SEA 1. The mayor indicated the city may seek RDC funding for the tool.
The EDC’s actions recorded at the meeting include the approval of the Aug. 12 minutes, the formal finding that paragraph 6(a)–(e) requirements were met for this personal-property request, and the motion approving a seven-year abatement with the EDC fee. No dissenting votes were recorded.
The commission adjourned following routine closing business.
Todd Gentry, an Innovative 3D company representative, told commissioners the Franklin-based metal additive manufacturer has grown from roughly 30,000 parts a year to more than 100,000 parts shipped in the current year, serving aerospace, defense, medical and heavy-duty diesel customers. "We went from doing roughly 30,000 pieces a year to already this year…100,000 pieces shipped," Gentry said.
The company described its process as metal additive manufacturing using fine metal powders and said it holds multiple industry certifications required for defense and medical work, including ITAR registration and ISO certifications. Gentry said Innovative 3D uses Renishaw equipment and lists customers including Siemens Energy, Rolls-Royce, Cummins, Caterpillar and John Deere.
Gentry said Innovative 3D expects to move into a new, state-of-the-art facility at 991 Linville Way in early 2026. The company told the commission the current footprint is about 9,500 square feet and the new facility will be roughly 30,000 square feet; additional expansion is anticipated. "We'll be moving into the 991 Linville Way in early 2026," Gentry said.
As part of the presentation, Gentry requested a seven-year abatement on an estimated $10,000,000 in personal property to support production growth. He estimated the expansion would create about 10 new jobs over five years, with 3–5 jobs coming in 2026, and an average wage of about $25 per hour plus bonuses and overtime. "Approximately 10 new jobs that we created over the next 5 years, with 3 to 5 being in 2026," Gentry said.
Commission discussion included routine questions about the company’s existing facility and whether it would remain in operation; Gentry said the current site is expected to be sold and converted into a second machine shop. Commissioner Sean Taylor (EDC member) expressed support for the longer abatement term, saying a seven‑year period "is perfectly in line" for a homegrown company expanding at this scale.
The commission first voted that the statutory and local findings required (paragraph 6, a–e for personal property) had been met. After that finding, a motion to approve a seven-year abatement with the standard EDC fee was made and seconded; both voice votes passed unanimously.
The commission also received staff notice that the December meeting will include presentations from this year’s EDC fee recipients and a demonstration by Adam Stone of Stone Municipal Group on software intended to standardize abatement scoring in light of recent property-tax changes under SEA 1. The mayor indicated the city may seek RDC funding for the tool.
The EDC’s actions recorded at the meeting include the approval of the Aug. 12 minutes, the formal finding that paragraph 6(a)–(e) requirements were met for this personal-property request, and the motion approving a seven-year abatement with the EDC fee. No dissenting votes were recorded.
The commission adjourned following routine closing business.
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