The Washington County Board of Commissioners voted unanimously yesterday to approve a resolution supporting a $4 million state loan to fund part of Mack/Volvo’s $30 million Hagerstown plant expansion. From The Herald-Mail:
The state loan, administered by the Maryland Department of Business and Economic Development, is in addition to a $200,000 conditional loan already approved by the county.
The county’s $200,000 is contingent upon Volvo creating at least 140 new jobs by Dec. 31, 2015, and maintaining those employment levels, county officials said at the commissioners’ meeting on Tuesday.
The plant currently employs approximately 1,500 employees. Volvo officials expect that the expansion will create new jobs for engineers and industrial workers.
To read the full article, visit The Herald-Mail website.