Iron World Expands Howard County, Maryland, Manufacturing Plant
02/08/2017
The company will invest $1 million in the project to streamline its manufacturing process and reduce costs. Improvements include exterior upgrades and extra storage space, as well as a new automated routing machine and an additional panel assembly machine, which will significantly decrease assembly time and increase production by 300 percent.
“We are thankful for the help in automating our manufacturing operations to ship steel and aluminum fence panels around the country,” said Richard Stellabuto, President of Iron World. “This investment will allow us to produce our products for less, lower our cost, and increase sales.”
"Iron World growing its manufacturing operations in Maryland and taking advantage of our outstanding workforce is tremendous news,” said Governor Larry Hogan. “This expansion, and the 50 new jobs it will create, is a win for our state as we work to provide new and better opportunities for hardworking Marylanders.”
As an incentive to assist with project costs, the Maryland Department of Commerce has approved a $300,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Additionally, the Howard County Economic Development Authority will provide a workforce training grant to support the expansion. The company is also eligible for various tax credits, including Maryland’s Job Creation Tax Credit.
“Maryland Commerce is proud to support Iron World’s expansion and in particular the company’s new equipment purchase, which will significantly boost production,” said Maryland Department of Commerce Secretary Mike Gill. “Iron World is one of numerous manufacturers that has chosen to expand operations in our state in recent months and we are pleased to be able to work with our county partners to ensure these companies remain and thrive in Maryland.”
Project Announcements
Kimberly-Clark Expands Aiken County, South Carolina, Distribution Operations
05/04/2025
Aerowerks Plans Gaffney, South Carolina, Manufacturing Operations
05/04/2025
Sweden-Based Troax Group Plans Portland, Tennessee, Manufacturing Operations
05/04/2025
Kimberly-Clark Corporation Plans Warren, Ohio, Manufacturing Operations
05/04/2025
Denmark-Based Novonesis Expands Salem, Virginia, Production Operations
05/04/2025
Polyvlies USA Expands Winston-Salem, North Carolina, Manufacturing Operations
05/04/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024