Stanley Black & Decker Investing $12M in Towson, Maryland, HQ
04/05/2011
"When we located the company's Construction and DIY headquarters in Towson, we made a commitment to our employees that we'd upgrade their facilities to a state befitting their world-class talent," said Jeffery D. Ansell, senior vice president and group executive of Stanley Black & Decker Construction and DIY. "Partnership with the state of Maryland and Baltimore County was absolutely essential to helping us make this commitment a reality."
The Maryland Economic Development Assistance Authority and Fund (MEDAAF) extended a $1 million conditional loan to Stanley towards the project. Baltimore County also offered a $100,000 conditional loan to the company for property upgrades and improvements and labor recruitment.
Stanley will use the investments to upgrade the campus' R&D, engineering, prototyping, IT, and support functions.
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