“Through the diligent efforts of the Department of Business Development staff and the State, we’re able to retain and expand Tempur Sealy International in our community," said Terry Baker, President, Washington County Board of County Commissioners.
Hagerstown, MD (PRWEB) April 21, 2015
The Maryland Department of Business and Economic Development (DBED) joined the Washington County Department of Business Development today to announce the expansion of global bedding provider Tempur Sealy International. The company is leasing a newly-constructed 615,000 square-foot facility in Hagerstown to expand its manufacturing and distribution operations in the county. As a result, Tempur Sealy International will retain its current 112 employees and plans to create 120 new jobs.
To assist with the expansion, the State is providing a $400,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Additionally, Washington County will provide the company with a $250,000 conditional loan to help with project costs.
“Working with our partners in Washington County, we are ensuring that global bedding giant Tempur Sealy International can expand and add 120 new jobs in Western Maryland,” said DBED Secretary Mike Gill. “Assisting companies like Tempur Sealy shows our commitment to making Maryland a place where all businesses can grow and thrive.”
“Through the diligent efforts of the Department of Business Development staff and the State, we’re able to retain and expand Tempur Sealy International in the Washington County community and continue building a business-friendly environment for the future,” said Terry Baker, President of the Washington County Board of County Commissioners. “We’re continuing our active recruitment of businesses interested in growing in Washington County and we’re committed to expanding economic opportunities for our citizens through partnerships at the local, regional and state level.”
Tempur Sealy International, Inc. formed when Tempur-Pedic International and Sealy Corporation merged in 2013, creating the world’s largest bedding provider. The company develops mattresses, pillows, foundations, and other bedding products. Through the merger, Tempur Sealy now owns a number of well-recognized brands, including the original body-conforming Tempur® material, Sealy Posturepedic® and Stearns & Foster®, which has been in production for nearly 170 years.
The Maryland Department of Business and Economic Development stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and 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 http://www.choosemaryland.org.
About Washington County, Maryland Government
Washington County, Maryland Government strives to fulfill its duty to the citizens of Washington County with regard to operational efficiency, fiscal responsibility, and responsiveness to the needs of the community. This vision is used to ably assist the Board of County Commissioners of Washington County in achieving goals for moving the County forward as present needs and future plans are addressed.
According to the Maryland Department of Legislative Services, the Washington County General Fund has one of the lowest costs per capita for services provided of all 23 counties and Baltimore City. This is attributed to the efficiency, staffing levels, and cost containment exhibited in Washington County Government operations. Visit http://www.washco-md.net for more information.
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