Dynamark Monitoring LLC, a security and alarm company servicing commercial and residential customers, is expanding operations in Hagerstown.
The state, Washington County and the City of Hagerstown are providing loans for the project, according to an e-mailed release from the Hagerstown-Washington County Economic Development Commission.
Dynamark has purchased a 26,000-square-foot building on Northern Avenue and will invest approximately $1.5 million to create a state-of-the-art center that will monitor alarm signals nationwide, the EDC said.
Initially, the company will create 35 jobs with the potential to expand, the EDC said.
The facility is expected to open this summer.
The Maryland Department of Business and Economic Development (DBED) will provide a $70,000 conditional loan to assist with the purchase of the new Hagerstown facility and equipment costs, the EDC said.
To complement the State's funding, two local $25,000 conditional loans were approved for the project. One of the loans was approved by the City of Hagerstown's Mayor and Council and the other loan from the Washington County Board of County Commissioners (BOCC), according to the EDC.
Additionally, the City of Hagerstown will utilize its Fast Track Permit Process to ensure that this project can start on schedule, the release says.
The Western Maryland Consortium will assist the company in identifying potential new employees and with a portion of the cost of training new workers.
Dynamark President Trey Alter said in the release that the company "wanted to create a world-class central station that responded to the evolution of the alarm industry. From day one we will be able to monitor not only alarm signals, but also video, access control, GPS, personal emergency response signals and more.
"I am also thrilled to be able to partner with the community I live in and love to help create more jobs in Washington County," Alter said.
Dynamark Monitoring LLC is the sister of First Action Security Team. Originally founded as Dynamark Security Centers, the company has been serving the residential and commercial security markets since 1973.