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Last week, Stanley Black &
Decker announced a $12-million (USD) upgrade to its 33-acre campus in Towson,
Maryland. The five-year investment will
modernize the facility and build upon the strength of its engineers. "We have the
level of capability, talent and expertise here that gives us a competitive
advantage," explained Jeffrey D. Ansell, Stanley Black & Decker Senior Vice
President.
The Maryland campus houses the headquarters
of the company's profitable Construction and Do It Yourself division, which
accounts for about half of Stanley Black & Decker's annual $10-billion in revenues. The veteran group of engineers that works
there develops new products such as power tools. Over 1,100 employees now work
at the Towson office, and company executives expect to hire another 50 as the
business continues to grow.
Just two years ago, Maryland officials
worried about job losses instead of job gains when Stanley Works, a Connecticut-based
company, bought Towson-based Black & Decker. Although some corporate-level
jobs have headed north, engineers at the Maryland facility are enjoying a newfound measure of job
security.
Do executives at your company factor
the strength of the engineering department into their corporate decision-making?
Source: Baltimore
Sun
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