Maryland Gov. Wes Moore announced that EVAPCO, Inc., a global designer and manufacturer of evaporative cooling and industrial refrigeration products, is expanding its Taneytown operations. The Carroll County manufacturer will add 45,000 square feet of office space to its headquarters over the next two years, with plans to create 275 new jobs. The move will bring total employment to more than 840 workers in the county, reports the Carroll County Observer.
“EVAPCO has been one of Maryland’s powerhouse companies for decades and its reach now extends across the globe,” said Gov. Moore. “We’re thrilled that the company will continue expanding and innovating in Carroll County, creating hundreds of new jobs, and making Maryland more competitive.”
To assist with project costs, the Maryland Department of Commerce has approved a $1.4 million conditional loan through Advantage Maryland. The state is also providing a $200,000 grant through the Partnership for Workforce Quality program. The company is also eligible for various tax credits, including the More Jobs for Marylanders program and the state’s Job Creation Tax Credit, reports the Carroll County Observer.
“EVAPCO had several options when considering where to expand. Fortunately, the state of Maryland in conjunction with Carroll County Economic Development provided programs such as Advantage Maryland and More Jobs for Marylanders, which led to our decision to expand in Taneytown,” said Senior Vice President of Global Operations Bill Jones. “As more companies are investing outside of the U.S., EVAPCO is proud to make this investment here in Maryland, especially in Carroll County.”
Since its founding in 1976, EVAPCO has become an industry leader in the engineering and manufacturing of quality heat transfer products around the world. The company has been recognized for its environmentally-friendly innovations in energy efficiency, sound reduction, and water management. EVAPCO products are manufactured in 23 locations in 10 countries around the world and supplied through a sales network of more than 200 offices.