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EDC, Volvo Powertrain receive MEDA award

June 25, 2006

The Hagerstown-Washington County Economic Development Commission (EDC) has been recognized for excellence in economic development practices, according to a prepared release from the EDC.

The Maryland Economic Development Association (MEDA) presented the EDC and Volvo Powertrain North America with its inaugural Economic Development Project/Program of the Year Award at its annual conference June 5.

Volvo Powertrain North America is constructing a 132,000-square-foot engine development laboratory for research and development of diesel engines.

In addition, the company has committed to a $204 million capital investment that will be made in the company's 1.5 million-square-foot Hagerstown facility. This economic development project in Washington County includes the retention of more than 1,000 full-time employees.

Volvo Powertrain North America is the largest manufacturing operation in Washington County with more than 1,700 employees, according to the EDC release.

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The EDC also received an honorable mention award for an economic development marketing campaign.

The EDC successfully hosted Project Worm Burner in September 2005. This event paired a community tour highlighting available commercial and industrial properties with a golf tournament.

Site selection and real estate brokers from the Northern Virginia/Baltimore/Washington, D.C., areas attended the event to learn more about Washington County and what it has to offer companies looking to locate or expand to the area, the release says.

More than $10,000 in private corporate funds was raised to host the event.

Neither of these accomplishments would have been possible "without the great team of individuals and organizations that work hard with us every day to make Washington County a great place to live and work," Timothy R. Troxell, CEcD, EDC executive director, said in the release.

The Hagerstown-Washington County Economic Development Commission is a county agency that provides assistance to new and expanding businesses throughout Hagerstown and Washington County.

The Maryland Economic Development Association is a nonprofit organization of approximately 450 economic development professionals.

More information about MEDA can be found online at www.medamd.com.

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