Citizen Portal
Sign In

Harford County to consider $200,000 loan to RPM Tech for expansion and job growth

Harford County Council · December 4, 2025

Get AI-powered insights, summaries, and transcripts

Subscribe
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

County staff introduced a $200,000 Economic Development Opportunity Fund loan to RPM Tech (Rapid Prototyping and Manufacturing Technologies) to convert a barn into office and laboratory space; the loan terms shown were $200,000 at 3 percent over 10 years and staff estimates 6–10 new jobs over two years.

Staff from the county’s department of economic development presented legislation and a companion resolution authorizing a $200,000 loan from the Economic Development Opportunity Fund to RPM Tech (Rapid Prototyping and Manufacturing Technologies) to convert a barn on its property into additional office and laboratory space.

Presenters said the application was vetted and approved by the finance committee under the county’s Economic Development Advisory Board and that the loan would be coupled with other funding sources to complete the renovation. The terms described in the presentation were $200,000 for a 10-year term at 3 percent interest. Staff said the company, operating in the county for about 20 years, expects to add roughly six to ten new, technically skilled jobs over two years.

County staff introduced Cyrus Itamad Mogadam and Tara Woodfin from RPM Tech and noted HarCo Credit Union participated in vetting the application. Councilors asked about the number of jobs and the company’s history; staff reiterated the 6–10 jobs estimate and encouraged council members to visit RPM Tech’s facility. With no public commenters signed up, the hearing concluded and the council indicated it will consider the loan request at a subsequent meeting.