ALBUQUERQUE, NM — Jabil announced plans to invest nearly $42 million here to expand its 3-D printing operations, according to reports.

The company plans to add technology and equipment, as well as about 120 jobs in the next five years.

"Think of more personalized healthcare, where you put devices that match maybe your profile as an individual," said Steven Borges, executive vice president and CEO, Jabil Healthcare. "That's everything from orthopedics, surgical instruments for the surgeon, and things of that nature."

Jabil will work with New Mexico colleges and universities to develop a workforce.

The expansion is supported by New Mexico's Local Economic Development Act. The state and city are expected to provide $1 million to help with the project.

"They are bringing in money from out of state for work that they do here," said Mayor Tim Keller. "There are other ways to define it, but that has the highest return of investment for us."

"It's really important that we have the skill sets," Borges said. "Learning what is important technically in order to do these particular positions and use that and leverage that – build that workforce that we can essentially hire from at some point in time."

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