FREDERICK, Md. (AP)- A company that supplies fracking sand to the oil and natural gas industry is planning an expansion of its Frederick headquarters.
The city's mayor and Board of Aldermen are considering a proposal Thursday to give U.S. Silica Holdings Inc. a $5,000 conditional loan as part of an incentive package.
The loan would convert to a grant if the company meets certain conditions. They include adding 20 full-time employees within two years.
The city's economic development director says U.S. Silica currently has 56 employees in Frederick. The company has been growing rapidly with the rising demand for sand for oil and gas extraction.
The loan would be a 10 percent match of a $50,000 conditional loan from the Maryland Department of Business and Economic Development.