Baltimore County Now
New Strategic Factory and Miller's Minuteman Press
A 100 KW solar array powers millions of dollars of state-of-the-art equipment in Strategic Factory’s new Owings Mills production headquarters. The new building also is powered by financing made possible through the Baltimore County Department of Economic and Workforce Development.
Strategic Factory’s 40,000 square foot facility more than doubles the size of the printing and marketing firm’s former leased space. 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.
Production Headquarters Opens
Strategic Factory’s new production headquarters was built by Merritt Properties. The 40,000 square-foot facility, located on 8.5 acres on Dolfield Boulevard in Owings Mills, houses multiple agencies including Miller’s Minuteman Press, BRANDED4U, Graphic Tango, Master Signs and Production Facility.
Healthy Business Community
“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. “Baltimore County is pleased to have played a part in facilitating financing for Strategic Factory’s growth through our Small Business Loan Partnership and revenue bonds. Our confidence is well placed, as Strategic Factory already has added jobs at their new production headquarters.”
The company currently employs 100 people and added 21 new jobs since moving into the new building. 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 twenty 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.”
Small Business Loan Fund
The Baltimore County Small Business Loan Fund, a public-private partnership between the Baltimore County Department of Economic and Workforce Development and 23 of the region’s leading financial institutions, has a pool of to $13.9 million in loan commitments from the financial institutions. Qualified small businesses with fewer than 100 employees may borrow up to one million dollars from the privately-financed loan fund. These fixed rate loans only require 10 percent equity, freeing capital for additional investment.
"These loans are critical to providing small businesses with capital to invest in people, equipment or buildings. It is heartening to see 23 local financial institutions stepping up to support economic growth through the Baltimore County Small Business Loan Fund,” said Baltimore County Executive Kevin Kamenetz. "The fund’s lower equity requirement, lower interest rates and lower fees are an added incentive for small businesses to explore this loan option."
Baltimore County reviews each applicant’s financial statements, credit history and collateral to secure the requested loan. All applicants are then reviewed by an independent loan review board established by the participating lenders.
The following lenders participate in the Baltimore County Small Business Loan Fund:
- Bank of America
- Bay Bank, FSB
- BlueRidge Bank
- CFG Community Bank
- Chesapeake Bank
- Columbia Bank
- Farmers & Merchants
- First National Bank
- First Mariner Bank
- Hamilton Bank
- Howard Bank
- M&T Bank
- Northwest Bank
- Peoples Bank
- PNC Bank
- Rosedale Federal
- Sandy Spring Bank
- SunTrust Bank
- Susquehanna Bank
- TD Bank
- The Harbor Bank
- Wells Fargo Bank
For more information on the Baltimore County business financing assistance, contact the Baltimore County Department of Economic and Workforce Development, by calling 410-887-8000 or visit www.baltimorecountymd.gov/business .
Owings Mills Branch Manager
Baltimore County Public Library
Come check out the Owings Mills Branch of Baltimore County Public Library! We are so excited to be open and serving the community. The Owings Mills Branch is housed in a 54,333 square foot space with a current collection of 120,000 items. From books and audiobooks, to magazines, to DVDs, to music CDs, we have something that is bound to pique your interest. We also have 70 computers available for public use, including 58 for adults and 12 for teens and children.
The Owings Mills Branch will be sharing the building with the Community College of Baltimore County, which is scheduled to open in early summer. The branch occupies the building’s first three floors. In addition to our floor areas with materials, we also feature a children’s area, quiet study area, group study rooms, and community meeting rooms.
We have a parking garage next to our building that offers free parking. While there aren’t always spaces available on the first floor, we’ve never had a problem with the garage being full. And another garage is scheduled to be constructed soon
The Owings Mills Branch is located at the County Campus Metro Centre at Owings Mills, 10302 Grand Central Avenue, Owings Mills, Maryland 21117,
Our phone number is 410-887-2092. We are open Monday-Thursday 9 a.m.-9 p.m., Friday and Saturday 9 a.m.-5:30 p.m. and Sunday 1 p.m. - 5 p.m. year round.
Visit us and you’ll see why we’re so excited to be here!
Driving Directions: From I-695, take exit 19 (I-795N/Northwest Expressway toward Reisterstown/Owings Mills). Take exit 4 (Owings Mills Boulevard). Keep right at the fork, follow signs for Owings Mills Boulevard N/MD-140 Reisterstown Road and merge onto Owings Mills Boulevard. Turn right onto S. Dolfield Road. Turn right onto Painters Mills Road. Turn right onto Grand Central Avenue and enter the parking ramp. Library is on your left as you enter the garage.