CTI America Corp., a division of Canadian manufacturer Circuit Tech Inc., will invest $10 million to open a new facility in Maryland.
The exact location for the manufacturing site is still to be determined, but CTI America expects to have it up and running within the next year, according to an announcement Tuesday by Gov. Larry Hogan’s office.
CTI America, which makes precision printed circuit boards, expects to create at least 80 jobs at the Maryland facility.
“CTI America’s new facility and the 80 new jobs it brings to our state underscores our administration’s commitment to making Maryland the ideal U.S. destination for global companies,” Hogan said in a statement.
Circuit Tech’s precision circuit boards are used in defense, space, aerospace and medical equipment, among other markets.
Tom Ryan, an executive with CTI America, said in a statement that the company was drawn to Maryland because of its emphasis on innovation and easy access to top defense and cyber companies.
“We are looking forward to taking advantage of Maryland’s strategic location and wealth of companies in the cybersecurity, aerospace and defense, and life sciences industries, which will open up new markets and partners for us,” Ryan said in a statement.
Hogan toured Circuit Tech’s manufacturing facility in Markham, Ontario, on Tuesday as part of a trade mission to Canada with Virginia Gov. Terry McAuliffe and Washington Mayor Muriel Bowser.
CTI America will be eligible for the state’s job creation tax credit, which is for companies that create 25 or more jobs.
The company may be eligible for other state or local incentives. depending on where in the state it establishes its manufacturing facility.