Grant funding can be a linchpin for growth and innovation in the community. The Allegany County Economic and Community Development (ACECD) office is announcing three new funding programs that strategically address community needs to bolster businesses and fuel expansion. Adam Strott, ACECD’s Economic Development Specialist, highlights the importance of these grants, “The ACECD wants to see these opportunities utilized so businesses can realize their full potential, and to leverage all of the resources available in Allegany County.”

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. 

Geocycle officially opened its pre-processing facility in Cumberland on May 16, 2024, marking the company’s 197th location worldwide. The new facility will convert unusable waste products into viable fuels, creating local jobs and providing an environmentally sound waste removal option for local and regional manufacturing businesses.“Geocycle’s investment in Allegany County is a big deal,” shares Jeffrey Barclay, director of Allegany County Economic and Community Development (ACECD). “They are a multi-billion dollar company with a global presence. Not only does Geocycle bring jobs and living wages to our community, but their status as a key industry player brings attention to Allegany County’s growing notoriety in the circular economy.”

Cumberland is emerging as a thriving artistic community in Western Maryland. Thomas and Rebecca Ferleman, owners of the Ferleman Art Gallery located on Centre Street, are spearheading an initiative to cement Cumberland's reputation as a vibrant creative hub. Their plans include relocating to a larger venue, which will double as a communal center and an incubator for artists, aficionados, and collectors alike.“We looked all over the East Coast for somewhere to put the gallery and fell in love with Cumberland’s vibrant arts community,” said Thomas. “There are nationally recognized artists located right in Allegany County. They’ve created a creative home for many, including Western Maryland’s significant collector community."

Located along the eastern edge of Allegany County, Locust Post Brewery welcomes visitors into the area’s vast world of craft beer and outdoor recreation. The brewery's 26-acre property creates a unique farmstead-style experience, hosting a regionally-recognized disc golf course that attracts visitors across the tri-state area.Denise and Tony Cornwell, owners of Locust Post Brewery, were inspired to include a course on their property during the establishment's early development phases. Denise Cornwell shares, “It’s a great day when you can enjoy a beer and play a round of disc golf.”Following the completion of the main brewery building in 2021, Denise and Tony shifted their focus toward incorporating a course to complement their visitors' experience. Cultivation Disc Golf, located in nearby Frederick, Maryland, designed a nine-basket course for Locust Post Brewery. The par-three course is designed for players of all skill levels — from amateurs to proficient players.

Clym Environmental Services, a leading player in the field of waste management, is at the forefront of a groundbreaking approach to handling regulated medical waste. The company is well-known for its expertise in three core service areas: safety consulting, life science and healthcare waste management, and facility decommissioning. Clym's forthcoming Allegany facility is poised to become the home of its newly developed technology, which promises to revolutionize the treatment of regulated medical waste, offering a more sustainable and eco-friendly solution. 

After years of vacancy, 118 Baltimore Street is now the focus of a transformative renovation in downtown Cumberland. Now known as “The Rosenbaum,” this former department store is being renovated by CG Enterprises into a mixed-use commercial and residential space. The aim is to draw businesses, create jobs, and provide residential living options. Given its central location, The Rosenbaum will serve as a hub where residents, businesses, and tourists intersect, fostering connections and providing a chance to explore and engage with the distinct offerings of Allegany County.The five-story building, built in 1899, was home to the Rosenbaum Brothers Department store. Owned by Jewish-German immigrants, the store employed 200 people at its peak. Even after its closure in 1971, the site left a lasting impression on Cumberland residents. CG Enterprises’ principal team members, Garrett Eagan and Chris Hendershot, remember the building from their childhood in Cumberland. Eagan shares, “My family knows local Cumberland history. Between their stories and seeing the building in paintings of old downtown, Chris and I were aware of the Rosenbaums even though the department store had closed before our time. The building’s facade remains a focal point of Baltimore Street.”

Entering 2024, the Allegany County Economic and Community Development Department is set to continue its initiatives aimed at regional growth and progress. This year, residents, business owners, and partners can expect to see critical long-term investments materialize, along with the commencement of various additional projects. A major focus for Allegany County Economic and Community Development is to make the area a more livable community through accessible housing, diverse quality-of-life services, robust business attraction efforts, and ample job and career opportunities.“All parts of the economic and community ecosystem need to improve to move Allegany County forward,” impresses Jeffrey Barclay, Director of Economic and Community Development. “Businesses can thrive here if housing is available for employees. Residents can work if childcare services are accessible. Added amenities in the area make it more enjoyable to live here. We have improvements to make, and all areas of our community are strengthening in 2024.” 

In a bid to answer accelerating sewage waste issues and provide support to local agriculture, Nexus W2V, LLC (Nexus W2V), a developer of waste-to-value infrastructure assets, plans to make Allegany County the site of a plant for nutrient- and carbon-rich biochar. The company joins a growing community of circular economy-focused businesses (enterprises dedicated to reusing and recycling materials to reduce waste and conserve resources) in the Cumberland North Branch Industrial Park.Formed two years ago by Nexus Program Management Group, LLC (an investment and consulting company for sustainable infrastructure, renewable energy, and waste-to-value), Nexus W2V expands the company beyond the boardroom and into a larger, actionable role in sustainability initiatives. Nexus W2V’s Allegany project is a solution to Maryland’s rising sewer sludge waste issue and plans to transform waste into biochar. When applied to farmland, biochar encourages fertile crops, promotes water retention, and improves agricultural sustainability. Until recently, sewer sludge products required little treatment before being processed for farmland soil. The growing presence of contaminants such as pharmaceutical residue, microplastics, per- and polyfluorinated substances (PFAS), and other impurities has forced more stringent “cleaning” procedures to make the material safe for application on farm fields. 

Established in 2021 by Adam Forshee and his wife, Julie, Tracks and Yaks is an outdoor adventure company combining rail biking and kayaking into guided tours along the Western Maryland Railway. Forshee initially conceived a plan to offer kayak rentals. However, upon noticing the proximity of train tracks to numerous rivers, he was inspired to explore the concept of rail biking—a popular activity in Asia and Europe but still relatively new in the U.S.Rail bikes are custom-built, pedal-powered vehicles that glide smoothly along railroad tracks. Designed to accommodate groups of varying sizes, these bikes offer both tandem and quad options. The experience is crafted to be easygoing, allowing guests to soak in the natural surroundings and the rich history of the railroad.“I had been searching for a place to do this, and Allegany County was the first to welcome us,” says Forshee. “We operate in Frostburg and opened a second location earlier this year on the Eastern Shore in Berlin, Maryland.”