Creative Sign Company Expands With $115,000 EDI Fund Loan
Largo, MD – Creative Sign Service, Inc. (www.creativesignage.com) has over 50 years experience providing signage systems and artwork programs for the healthcare industry and large scale federal and commercial clients. The family-owned company has been headquartered in Prince George’s County for most of its history. Currently the company’s largest clients are the Department of Veterans Affairs and DoD Healthcare Facilities spanning 50 states.
FSC First approved, closed and funded a $115,000 conditional loan from the County’s Economic Development Incentive (EDI) Fund to support the relocation and expansion from College Park to a 19,133 square foot leased facility at 11460 Edmonston Road in Beltsville, MD.
Shelly M. Gross-Wade, President & CEO of FSC First, stated this company is to be commended for its sustainable growth trends. The $115,000 EDI Fund conditional loan supports a locally-owned company that is in a State-designated sustainable community and State-designated Priority Funding Area. The company forecasts nine new jobs will be added to their existing workforce of 37 full-time employees.
Creative Sign Services, Inc. reports that 34% of their current employees are Prince George’s County residents and commits to meet a 30% local hiring objective of its new employee positions. It also commits to an Local Small Minority Business Enterprise (LSMBE) utilization requirement of 35% for the project costs associated with leasehold improvements at the project site.The total project costs exceeds $900,000.
FSC First is a flexible, risk-tolerant alternative funding source that provides innovative and creative financing solutions and loan administration services that benefit small and emerging businesses.