OwlStamp Visual Solutions, a full service printer and manufacturer of signs, large format graphics, engraved items, awards and rubber stamps, plans to expand its operations center in Lowell, Massachusetts.
As an incentive, MassDevelopment issued a $50,000 loan to help the company with its expansion plans. OwlStamp plans to utilize loan proceeds to buy new printing and binding equipment for its location at 142 Middle Street.
“We are delighted to once again help provide OwlStamp with the resources it needs to grow as a business in the years to come,” said MassDevelopment President/CEO Mary Jones. “The Commonwealth’s manufacturers are key economic assets in our Gateway Cities, and Owl Stamp doubly fills that role by being part of the sector and supporting fellow manufacturers with its services.”
According to MassDevelopment officials, the state also provided OwlStamp a $138,000 loan in 2005. Since 1912 OwlStamp Visual Solutions has provided thousands of options to address printing and graphic product solutions across every market sector, including banking and finance, manufacturing, technology, government, nonprofit, medical, legal, retail, engineering, food manufacturing and services.
“MassDevelopment has been an important partner in continuing our growth in Massachusetts,” said OwlStamp President Peter Bergeron. “This loan will allow us to update equipment and continue providing the best graphic solutions to the clients we serve, now and in the future.”