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Stanley Black & Decker Expands Operations in Baltimore County, Maryland

02/09/2018
Stanley Black & Decker, the world’s leading provider of tools and storage, is expanding its Global Tools & Storage headquarters in Baltimore County, Maryland.

The company currently occupies 565,000 square feet in Towson and plans to add an additional 92,000 square feet in the Greenleigh development in Middle River. Stanley Black & Decker has approximately 2,300 employees in Maryland and this expansion project will support the addition of 400 new jobs.

“As Stanley Black & Decker continues to grow, we need to continually infuse our business with innovation-minded people who are excited about building the innovations that will change the world tomorrow,” said Jeff Ansell, President of Global Tools & Storage for Stanley Black & Decker.

“We continue to find those people right here in Maryland and we are proud to expand our operations in a place that we’ve called home for nearly 110 years. The state of Maryland and Baltimore County have been strong partners throughout this expansion process, and are working hard to help our innovative, high-performing company grow in Maryland,” he added.

As an incentive to assist with project costs, the Maryland Department of Commerce has approved a $2 million conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Additionally, Baltimore County is providing a $200,000 conditional loan to assist the company with project costs. The company is also eligible for various tax credits including the state’s Job Creation Tax Credit.

Stanley Black & Decker operates more than 30 manufacturing facilities in the United States, including one in Maryland. Earlier this year, the company opened a brand new makerspace in Towson designed to help employees bring innovative new ideas to life, as well as serve as a resource for the greater Baltimore community to engage in meaningful maker experiences.

“Stanley Black & Decker has a long history in Maryland, and we are excited to be working closely with them on their expansion, which will support the addition of 400 new jobs,” said Governor Larry Hogan. “World-class companies like Stanley Black & Decker continuing to invest in our state is proof that our actions to grow our economy and ensure that Maryland is open for business are working.”

Maryland Commerce Secretary Mike Gill said, “Maryland offers one of the most highly-educated and highly-skilled workforces in the country that gives global companies like Stanley Black and Decker a competitive advantage.”

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