Move Outside the Predictable

Due to high loan interest rates, the Allegany County Economic and Community Development (ACECD) has launched the Business Expansion Deferred Loan Program to provide local businesses with essential growth capital on more favorable terms, driving business success and investment into the county.

The first of its kind in Allegany County, the Business Expansion Deferred Loan Program offers loans ranging from $10,000 to $50,000 with interest rates around 3%—roughly half the rate offered by conventional lenders, making growth more attainable for local enterprises. Businesses that meet their annual goals can have up to 50% of their loan forgiven and have a six-month payment deferral, which further accelerates growth. 

On September 5, 2024, during the Allegany County Board of Commissioners Public Meeting, three businesses were approved as the first recipients of the loan program—Locust Post Brewery, Queen City Scoop Shop, and Chew On This - Jerky.

Nathan Price, Senior Project Manager for ACECD, notes, “We chose these first three recipients because of their tremendous potential for success,” said Price. “Each recipient has become a community staple in Allegany County, and this loan program will help them take the next step in enhancing their offerings while driving investment into the county and recognition for artistry in the region.”

Read more about the program’s first three recipients below. 

Each year, the Tech at the Gap conference welcomes leading innovators to Western Maryland, stimulating the region’s growing tech landscape and adding to Allegany County’s notoriety as an evolving hub of industry expertise. Tech at the Gap 2024: Breaking Barriers will take this legacy further, exploring how advanced technology can revolutionize communities and fuel positive change. Hosted by the Western MD IT Center of Excellence at Allegany College of Maryland, this year’s conference takes place on October 16, 2024, at the Rocky Gap Casino Resort in Flintstone, Maryland. 

“This year’s theme, ‘Breaking Barriers,’ was chosen to highlight how technology can empower communities to use tech to overcome challenges and foster a brighter future,” said Autumn Becker, Executive Director of the Western MD IT Center of Excellence at Allegany College of Maryland. “We hope the keynote speakers, breakout sessions, and networking experiences will inspire our attendees to think broadly about how innovation can address various challenges—from reducing socioeconomic disparities and promoting inclusivity in tech to solving business problems.”

Tech at the Gap 2024 brings together a diverse lineup of keynote speakers, each with firsthand experience in leveraging creative ideas and digital solutions as a powerful catalyst for breaking barriers and driving meaningful change.

Inspired by the growing popularity of craft beverage businesses in Western Maryland, the Allegany College of Maryland (ACM) School of Hospitality Management and Culinary Arts has launched a special Brewing Operations Certification Program to equip students with the knowledge and hands-on experience needed to succeed in the evolving handcrafted beverage industry. 

Debra Swope, a longtime faculty member for ACM’s hospitality, baking, and nutrition programs, became Program Director for the Brewing Operations Certification Program in 2022. Leveraging her culinary expertise and educational background, Swope helped shape the program and continues to engage students to take advantage of the offering.

“Craft brewing has become really popular,” shared Swope. “Within the past five years, we’ve started incorporating more craft brewing pairings in our student-run restaurant, Culinaire Café. The students and public have shown a real interest in brewing.” 

“Many people interested in this field are enthusiasts, many of whom have full-time careers or majors,” shares Swope. “To make the certification more accessible, we designed the program to be attainable to full-time students and workers, hobbyists, future entrepreneurs, and those looking to change careers.”