A 100KW solar array powers millions of dollars of state-of-the-art equipment in Strategic Factory’s new Owings Mills production headquarters. The new building is powered by financing made possible through the Baltimore County Department of Economic and Workforce Development.
Financing for the expansion was supported by a $1 million loan from the Baltimore County Small Business Loan fund, a privately financed partnership between Baltimore County and 23 of the region’s leading financial institutions. Sandy Spring Bank, a member of the Fund, provided the loan. A $5,500,000 Industrial Revenue Bond issued by Baltimore County to KM Printing/Miller’s Minuteman Press supported the company’s construction and equipment purchases. Baltimore County has no financial liability for the bonds, which are available to manufacturers making capital investments that meet federal bond requirements.
Merritt Properties built Strategic Factory’s new production headquarters. The facility, located on Dolfield Boulevard in Owings Mills, houses multiple agencies including Miller’s Minuteman Press, BRANDED4U, Graphic Tango, Master Signs and Production Facility.
“A sure sign of a healthy business community is when companies make significant new investments. With Strategic Factory and Merritt Properties, we have two successful, locally owned companies investing in Owings Mills,” said Baltimore County Executive Kevin Kamenetz.
The company currently employs 100 people and added 21 new jobs since moving. They plan to hire an additional eight to 10 people by the end of this year.
“Our new headquarters brings new jobs and new investment to the Owings Mills business community. Since opening our doors we’ve increased our workforce by 20 percent, and we’re continuously adding new technology and equipment to the mix,” said President and CEO Keith Miller. “We’re looking forward to growing and expanding the company and collaborating with the local community to ensure continued growth and success, while bringing quality and excellence to the region.”