The Maryland Department of Commerce, with the Calvert County Board of County Commissioners and the Maryland Economic Development Corp. (MEDCO), has announced that Grey Ops LLC, a federal technology contracting firm, will construct an 18,000 square-foot office headquarters and manufacturing facility at the Patuxent Business Park (PBP) in Lusby. The company plans to start construction in the second quarter of 2019, and add at least 10 new high-tech jobs.
Created in 2002 through a partnership with the Maryland Commerce, MEDCO and Calvert County, Patuxent Business Park is a 92-acre business campus designed to accommodate a variety of uses, including Class A office and flex space. The park was recently designated a federal Opportunity Zone, which is designed to spur investment in distressed communities throughout the U.S. with a number of tax benefits.
Grey Ops, LLC is a federal technology-contracting firm that specializes in the production and sale of a revolutionary blast mitigation technology called Silent Spring. This technology was invented and developed by the U.S. Navy out of the Naval Surface Warfare Center Explosive Ordinance Division in Indian Head (NSWC-EOD-IH). The Silent Spring solution, “coats” the elements of an energetic substance, providing for a chemical explosion suppression without altering the molecular structure of the explosive charge thereby retaining the original integrity of the volatile compound.
“We selected PBP as a location for our company for a variety of reasons. It is located in a federally qualified Opportunity Zone, which will result in additional investment in our tech transfer business; it is in a Calvert County Commerce Zone, which will result in lucrative tax credits; and it comes with the promise of an accelerated development review process, which means a reduced total construction timeline,” said Steve Luginbill, Grey Ops LLC CEO.
By adding 10 new jobs, the company is eligible for various state and local tax credits, including the Job Creation Tax Credit and the More Jobs for Marylanders Tax Credit, which incentivizes manufacturers to create new jobs in the state.