Governor O'Malley Visits Crisfield Rubberset Plant, Continues "Jobs Across Maryland" Tour

 

ANNAPOLIS, MD (July 21, 2010) –Continuing his “Jobs Across Maryland” tour today, Governor Martin O’Malley joined City of Crisfield Mayor P.J. Purnell on a visit to the Rubberset plant, one of Crisfield’s longtime employers with more than 70 workers. The company, a division of the Sherwin-Williams Company which makes more than 3 million paint brushes annually, is expanding its operations in Crisfield and announced plans to add 80 jobs over the next two years. As part of today’s tour, the Governor presented company officials with a ceremonial check for $700,000 in Community Development Block Grant (CDBG) funds, administered through the Maryland Department of Business and Economic Development, to assist with the cost of tenant improvements and equipment to support an expanded production line.

“This is a tremendous win for Maryland, for Somerset County and for the workforce on the Eastern Shore that will certainly benefit from this expansion,” said Governor O’Malley. “We have now seen four consecutive months of job gains in Maryland, which signals the State is recovering stronger and faster than many states and that our businesses, like Rubberset, are continuing to invest and create jobs here.” 

“An expansion by the Sherwin-Williams Company in Crisfield is a welcome boost to our local economy,” said Crisfield Mayor P.J. Purnell. “Their decision to expand is a combination of the dedication of Rubberset’s local management and employees and the overwhelming support from the Maryland Department of Business and Economic Development under the guidance of Governor O’Malley and his policy to support every facet of economic growth in our state.”

“The cooperation between local governments and the State of Maryland (DBED) is to be commended as we encourage economic prosperity for the business community,” said Daniel K. Thompson, Executive Director of Somerset County Economic Development Commission.

In addition to the CDBG grant, Rubberset has also received training assistance from DBED and could also be eligible for additional state assistance, including Job Creation, One Maryland and Enterprise Zone Tax Credits.

In the past year, the O’Malley-Brown Administration has implemented an aggressive agenda of new and expanded programs to create jobs, retain jobs and improve the conditions that allow businesses large and small to create and save jobs, including: 

  • Pioneering the Jobs Creation and Recovery Tax Credit;
  • Expanding the Small Business Loan Guaranty program to increase access to credit; and
  • Creating InvestMaryland, an administrative and legislative proposal designed to support the growth of the state’s knowledge based industries by stimulating investment in the Maryland Venture Fund. 

Maryland remains one of only eight states to retain a Triple A bond rating, recently reaffirmed by all three rating agencies.  With an unemployment rate more than 25 percent below the national average, Maryland created more than 40,200 jobs since January. Over the same period, every job growth sector experienced gains, particularly in those areas of the economy that have struggled during the recession. In June, leisure and hospitality gained more than 5,800 jobs, professional and business services added 2,800 jobs and construction added 1,300 jobs.

 


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