OwlStamp Visual Solutions Uses MassDevelopment Loan for New Equipment
July 5, 2016
FOR IMMEDIATE RELEASE
Meggie Quackenbush, MassDevelopment, 617-330-2011 & 857-208-2777 (cell)
Peter Bergeron, OwlStamp Visual Solutions, 978-452-4541
OwlStamp Visual Solutions President Peter Bergeron
MassDevelopment has issued a $50,000 loan to OwlStamp Visual Solutions, a full service printer and manufacturer of signs, large format graphics, engraved items, awards and rubber stamps in Lowell. The company is using loan proceeds to buy new printing and binding equipment for its location at 142 Middle Street.
“We are delighted to once again help provide OwlStamp with the resources it needs to grow as a business in the years to come,” said MassDevelopment President and CEO Mary Jones. “The Commonwealth’s manufacturers are key economic assets in our Gateway Cities, and Owl Stamp doubly fills that role by being part of the sector and supporting fellow manufacturers with its services.”
Since 1912, OwlStamp Visual Solutions has provided thousands of options to address printing and graphic product solutions across every market sector, including banking and finance, manufacturing, technology, government, nonprofit, medical, legal, retail, engineering, food manufacturing and services, and many more. MassDevelopment also provided OwlStamp a $138,000 loan in 2005.
“MassDevelopment has been an important partner in continuing our growth in Massachusetts,” said OwlStamp President Peter Bergeron. “This loan will allow us to update equipment and continue providing the best graphic solutions to the clients we serve, now and in the future.”
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2015, MassDevelopment financed or managed 294 projects generating investment of more than $2.5 billion in the Massachusetts economy. These projects are projected to create about 6,100 jobs and build or rehabilitate about 2,000 residential units.