A Glen Burnie IT firm is moving to a new facility in Hanover, where it plans to add 100 jobs over the next five years.
Vision Technologies Inc. said Thursday it will use $350,000 in state and county loans and grants to help with the move and expand its workforce. About half of the company’s 500-plus workforce is based in Glen Burnie, where they provide internet protocol technologies used in audiovisual, wireless, cyber, physical security and network applications.
Clients include companies in the private sector and the federal government.
In the statement released by the company, John Shetrone, president and CEO, thanked the Maryland Department of Commerce and Anne Arundel County for supporting the move. Shetrone founded the firm in 2000 with Kevin Nolan, now senior vice president for operations. Today, the company has annual revenues exceeding $120 million.
Gov. Larry Hogan and County Executive Steve Schuh both applauded the move as a sign of their administrations’ support for business.
The Department of Commerce has approved a $300,000 conditional loan for the company, plus a $20,000 training grant. Anne Arundel County is providing a $30,000 training grant. The company is also eligible for various state tax credits, the governor’s office said.
EDITOR’S NOTE: This story has been updated. The address of the new headquarters has not been released.