Allegany County Government is pleased to announce the launch of Invest Allegany, a $2,000,000 investment program split over two years to create long term economic growth. The Allegany County Commissioners are allocating these funds to help accelerate the county’s business community recovery, and support redevelopment of the downtown cores of Cumberland and Frostburg, as well as main streets across Allegany County.
The goal of this program is to create long term value in the county by providing matching grant funds for capital improvement projects.
These projects, when complete, will spur new job growth, encourage direct investment, preserve existing community infrastructure, increase the value of commercial and residential units in impacted areas, and ignite entrepreneurship in Allegany County.
TIMELINE AND IMPORTANT DATES:
- Grant Opens: Monday, February 21st, 2022
*Application and Selection Criteria are live.
- Deadline for Application: 4:00 pm EST on Friday, May 6th, 2022
- Grant Review Period: Monday, May 9th, 2022 – Friday, May 20th, 2022
- Anticipated Award Announcement: Thursday, May 26th, 2022