GOVERNOR O’MALLEY, Lt. GOVERNOR BROWN AND WASHINGTON COUNTY COMMISSIONERS ANNOUNCE EXPANSION OF VOLVO POWERTRAIN FACILITY
HAGERSTOWN, MD (October 18, 2013) – Governor Martin O’Malley today joined with Lt. Governor Anthony G. Brown and the Washington County Board of Commissioners to announce that the Volvo Group is investing $30 million to expand the company’s Hagerstown facility. As a result of the expansion, the Volvo Group, one of the world’s largest producers of heavy duty diesel engines, plans to add as many as 140 new full-time jobs and retain 1,340 existing full-time jobs.
“Volvo’s continued investment in Maryland and in Washington County sends a strong message that we have one of the best workforces in the world,” said Governor O’Malley. “State and local officials have worked closely with Volvo over the years to retain these good paying jobs for Western Maryland. We look forward to continuing our excellent relationship with this world-class company.”
“We worked to coordinate state support for this expansion because we're committed to creating more good paying, middle-class jobs and bringing new economic opportunities to families in Western Maryland,” said Lt. Governor Brown. “I look forward to continuing our work with state and local leaders and our business community to strengthen Maryland's manufacturing industry and ensure that top companies like Volvo stay and grow in Maryland.”
To assist with project costs, the Maryland Department of Business and Economic Development approved a $4 million conditional loan, which is based on job retention and creation and capital investment. In addition, Washington County has approved a $200,000 conditional loan under the same terms. The company is also eligible for a number of State and local tax credits and training programs.
“Here in Washington County we’re proud to support the substantial investment and continuing legacy of the Hagerstown facility, which has remained a strong business and community partner for more than 50 years,” said Terry Baker, president, Washington County Board of County Commissioners. “Through our strong state and local partnerships, we’re able to help secure and support additional high paying jobs for our community and further our focus on future economic development efforts.”
The Volvo Group’s Hagerstown facility has been a strong corporate member of the community and a major economic driver in the region for more than 50 years. The site has been home to heavy-duty powertrain development and production since it opened as a Mack Trucks, Inc. facility in 1961. The Volvo Group acquired Mack and the Hagerstown plant in 2001, and since then has invested more than $350 million to modernize the facility and install new production capability to produce the world’s cleanest burning heavy-duty diesel engines and advanced transmissions. In 2012, the plant produced more than 45,000 engines and 21,000 transmissions for Volvo Group brands.
“We not only have a state-of-the-art facility here in Washington County, but more importantly we have a highly-skilled and capable workforce and a world-class product offering,” said Wade Watson, the Volvo Group’s VP and Plant Manager. “This is one more milestone along a trail of many that demonstrates the Volvo Group’s commitment to this market and to our workforce. I am also pleased to see how our partnerships with Maryland’s Department of Business and Economic Development and Washington County have contributed to the decisions to invest in this site and provide new opportunities for our community for years to come.”
4 comments:
The eastern shore is just as bad as P.G. County now , Nobody wants their business here now , nothing but left wing rejects , illegals and obamie lovers. Land of prison return to work bad people , they need a chance , to steal again.
Good ole boys and radical thieves in the government.
3:56,You got that right,this is a good place to build more prisons.
356 & 428, you have rolled over, and are done, just like Osmelly wants! He has 5 counties that run this democratic state, mainly by drawing stupid lines through backyards to make his Big 5 run the state. Our Eastern Shore and the western counties can vote 100% GOP, but the Big 5 will always win.
Yes, it sucks. No, it doesn't always have to. It will take a lot of delegates and legislative actions with petitions and participation and time. But just giving up is just giving up.
we don't need more prisons anywhere. we need more legal ways to make money. people need money just to survive. if they can't make it with a job or other legal means, they will make it any way they can.
that's just a fact of life.
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