More Jobs for Marylanders Draws Interest JOBS from Nearly 70 Manufacturers
Applicants from every region in state, out of state; 17 companies officially enrolled expected to create hundreds of jobs
BALTIMORE, MD – The Maryland Department of Commerce today announced that in less than six months since the More Jobs for Marylanders program started, nearly 70 companies have indicated they plan to either locate in Maryland or expand within the state to benefit from the program. The More Jobs for Marylanders Act, which was the centerpiece of Governor Larry Hogan’s 2017 Maryland Jobs Initiative, incentivizes manufacturers to create new jobs in the state. These manufacturers, both from Maryland and other states, have filed notices of intent to participate in the program.
Of those 70 companies, 17 have officially filed enrollment applications to be certified. Businesses will be able to claim the tax credit once they create new jobs and maintain them for a year. These 17 companies alone are expected to create approximately 450 new jobs.
“Governor Hogan’s program to create manufacturing jobs is paying off,” said Drew Greenblatt, CEO of Marlin Steel Wire, a manufacturer of custom metal forms in Baltimore City. “Marlin Steel is hiring engineers, welders, and robot technicians who all live locally in Baltimore City.”
“More Jobs for Marylanders is very exciting,” said Sue Chambers, CEO and president of Strouse, a manufacturing company in Carroll County. “Not only does it support our commitment to Maryland, but it directly addresses a critical element for our continued growth – workforce development.”
“Evapco Inc. has made substantial investments in our manufacturing operations world-wide to support our research and development advancements. Upon learning of the More Jobs for Marylanders program, we have shifted more investment and job opportunities towards our Taneytown location,” said William E. Jones, senior vice president of global operations for Evapco Inc., a manufacturer of industrial refrigeration products in Carroll County. “While we are certainly glad to see the tax incentives, more important is the message the program sends for the future of manufacturing in Maryland.”
“Since day one, our administration has been laser-focused on restoring Maryland’s economy and putting more people to work,” said Governor Hogan. “Our More Jobs for Marylanders initiative has gotten off to a tremendous start, and as we move forward, we expect this to be a significant source of new job creation in the areas that need jobs the most. Our goal is to make it easier for businesses to grow in Maryland while providing the critical workforce training needed in today’s competitive and technology-based economy.”
Companies applying to the program range from manufacturers of metal, food, adhesives, wood, and other products, and represent the potential for hundreds of new jobs, particularly in areas of the state where unemployment is high. New manufacturers that locate in targeted jurisdictions – Baltimore City or Allegany, Baltimore, Dorchester, Somerset, Prince George’s, Washington, and Worcester counties – and create at least five new jobs may qualify for income tax credits based on the number of jobs created, a state property tax credit, sales and use tax refund for specific purchases, and State Department of Assessment and Taxation fee waiver. Existing manufacturers that meet job creation criteria throughout the state may also qualify for the income tax credit.
“Maryland Commerce has been focused on promoting this program around our state, hosting manufacturers for roundtable discussions in Western Maryland, the Eastern Shore, and the Baltimore region,” said Maryland Commerce Secretary Mike Gill. “This program is another important tool to be able to create new jobs, help our existing manufacturers expand, and attract new companies from other states.”
More Jobs for Marylanders also offers workforce development resources including the Partnership for Workforce Quality matching grants for workforce training, workforce development scholarships for students in job training programs at community colleges, and a state income tax credit for the first year of employment of an eligible apprentice.
To submit an application or obtain additional information, visit commerce.maryland.gov/
About Maryland Commerce
The Maryland Department of Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the arts, film production, sports and other special events. For more information, visit commerce.maryland.gov.