V-T Industries Investing $11M to Expand in Hagerstown, Maryland
09/21/2010
"Hagerstown's proximity to our expanding market is a perfect fit for V-T Industries and we are looking forward to the opening of this facility," said Doug Clausen, president and CEO of V-T Industries.
The Maryland Department of Business and Economic Development (DBED) has offered V-T a $150,000 conditional loan, and has also extended the company a $10 million private activity bond to assist with the purchase and renovations of their new Hagerstown facility and equipment costs. The Washington County Board of County Commissioners has approved a $112,500 conditional loan for the project. And the project has been approved to participate in the county's Fast Track Construction Program, which will expedite the review and approval process for any upgrades needed to the facility.
V-T has headquarters in Holstein, Iowa, and major clients include Home Depot and Lowes.
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024