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Stanley Black & Decker To Invest $12M In Towson

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TOWSON, Md. (AP) — The state of Maryland and Baltimore County are loaning Stanley Black & Decker $1.1 million to secure the company’s presence in Towson.

The company said Tuesday that is investing $12 million to modernize its Towson campus over five years. The state is providing a $1 million loan combined with $100,000 from Baltimore County to help pay for the project.

The 33-acre facility will become the Construction and Do-It-Yourself world headquarters for the company.

Stanley Black & Decker was formed after a 2010 merger between Stanley Works and Black & Decker.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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