Project expects to retain 70 jobs while creating 120 new positions
Hagerstown, Md. (June 3, 2014) – The Washington County Board of County Commissioners are pleased to announce the approval of a $300,000 conditional loan to support National Golden Tissue’s acquisition of additional facility space at 19224 Longmeadow Road and increased production in Hagerstown, Md. Once acquired and renovated, NGT expects to retain 70 jobs while creating 120 additional full-time positions.
“National Golden Tissue has continued to grow and substantially increase jobs in our community in a challenging economy,” said Terry Baker, president, Washington County Board of County Commissioners.
Established in Washington County in 2008, National Golden Tissue manufactures paper towels, bath and facial tissue, and napkins. The family-owned company is managed by brothers, Ghassem Shahrooz and Mahmood Shahrooz, who each have more than 20 years of experience in the paper and manufacturing industry. NGT currently provides brand name and private label products throughout the United States and Canada.“In partnership with the State, the County Commissioners and the Department of Business Development are pleased to continue supporting NGT's job growth and capital investment and we look forward to the positive economic impact for our County’s citizens.”
Partners in this $13 million jobs creation project include SunTrust Bank, the Maryland Department of Business and Economic Development, the State Community Development Block Grant Program, and the Tri-County Council for Western Maryland.
This collaborative economic development project comes on the heels of State and County support of Volvo Group’s expansion, also in Washington County. Earlier this year, the Maryland Department of Business and Economic Development approved a $4 million conditional loan, coupled with a $200,000 conditional loan from Washington County and other state and local tax credits and training programs.
The most recent published unadjusted unemployment rate in Washington County is 6.4% for April 2014, down from 7.3% in March 2014.
For more information regarding Washington County workforce and employment data, please contact Washington County Public Relations and Community Affairs at email@example.com or 240-313-2380.