Economic Development Update

1. Economic Development Update August 2011

2. Current Project List • Sheetz (former Farley’s) – Completion 12/1/11 • Memorial Reuse – J. Green Capital Investment • Braddock Campus – Confidentiality Agreement • 100 Retailers*– Recruitment Initiative • Amtrak Corridor – TEP Funding Secured • Perkins Restaurant – Construction Delayed • City Market – Work Group/City Staff Engaged • East Side School – Leading Employer Meetings • Trail of Dreams – Raised $4,300 @ July 16 Event • PlanMaryland – Partnership Position * ICSC Follow-Up Complimenting Effort

3. What’s Happening Downtown?! • El Jinete – 18 Valley • Club PURE – 24-26 Mechanic • Niner’s Pub – 2-4-6 Mechanic • GandBgifts.net – 31 Baltimore • Dame & Doggie Boutique – 417 N. Centre (moved next to the Buttercup Boutique) Coming Soon!! • Pyzano’s Division – 20 S. Mechanic Street • Chessie F.C.U. Expansion – 141 Baltimore Street

4. Downtown Partnerships Our future success depends on it! • “Do the Two” – marketing collaboration to promote Cumberland and Frostburg Main/Maple Streets • MD Be SMART Program “Green Team” – “Healthy Home, Healthy Environment” fair held Sunday, July 24 • For a complete schedule of events, visit www.visitcumberland.org or www.mdmountainside.com

5. We’ll See You “On The Avenue” • CDBG/Community Legacy Awards - Five Year Review • 2006 HIMG – Five projects awarded and completed • CCFLP – Six projects awarded and completed • Residential Façade – Three projects awarded and completed • Micro Enterprise Grants – Fourteen businesses awarded (City-wide) • 2011 HIMG – Two* projects awarded and completed • “Celebrate the Avenue” Street Fairs • Held the last Saturday (June, July, August & September) • Approximately 800 attendees • Food, crafts, live music and kid friendly events planned monthly • Never the same street fair twice! • Live feeds at www.cumberlandsmagic.com * Over twenty applications received.

6. Virginia Avenue Business Updates • New Businesses • Little Ceasar’s Pizza to 505 Springdale Street • Super Liquors to 12 West Industrial Boulevard • Popcorn in Paradise to 304 Penn Avenue • Lisa’s Creativity Junction to 43 Virginia Avenue • Troutman’s 24 Hour Towing & Recovery to 220 W. Offutt Street • Automotive Specialties to 1212-1218 Virginia Avenue • Expansion • Sheetz - to be completed by month-end • Coming Soon (to the 200 Block of Virginia Avenue) • Buffalo Wing Stop (Restaurant) • Beall’s and Whistles (Restaurant/Bar/Special Event)

7. Arts & Entertainment District • 2011 Mountain Maryland Plein Air Exhibit held on June 4 • 2012 Calendars will be on sale in late September. • Available at the Allegany Arts Council • Next Arts Walk planned for September 10 • Light pole banners installed along South Mechanic Street in the A & E District • Digitally manipulated photographs of all the homes on Washington Street are currently on exhibit at the Saville Gallery • Fifty-seven artists plan to participate in the Artist Studio Tour scheduled for October 22/23 and 29/30 • Andy Vick, AAC ED, will travel to Indianapolis in October to make a presentation on A & E Districts – highlighting Cumberland’s success! For a complete listing of all events, visit www.alleganyartscouncil.org

8. Partners In Housing • Cornerstone – 42 Total Units • Twenty units sold and five two-story/two-BR units available • Professional demographics • Project completion expected by early 2013 • Banneker – 25 Total Units • Construction began March 26, 2010 • Completed June 24, 2011 • 100% Occupied on June 30, 2011

9. Partners in Housing (cont.) • Klots Mill • Project completion August 2011 • Eight apartments and 42 Historical Lofts • Amenities include: Community/Computer Room, Fitness Area, Indoor Children Activity Room, Outdoor Enclosed Tot Lot and Walking Trails • Ten million dollar investment • Cumberland Family Homes II (Penn Avenue School) • Demolition began the week of July 18 • Permits issued August 2 • Beginning footers to be poured the week of August 8 • Project completion estimated to be February 2012 • Twenty-five townhomes and a Community Center

10. ED ProfessionalAffiliations and Partnerships • Brenda Smith • TGCC Leadership Series • Leadership Allegany! Graduate • CACIF Retail Committee • CDBG Reporting • Chamber ED Co-Chair • MMT Executive Board • Power of 32 Steering Committee • CTF Board of Directors • CEcD Education • Terri Hast • TGCC Leadership Series • Leadership Allegany! Graduate • CACIF Retail Committee • CDBG Administrator • DDC/Retail Access Support • DHCD/Main Street Support • SCORE Board of Directors • Trident Initiative Coordinator • Business Roundtable Chair • SCBCA Secretary

11. Why is this important…. • We’re accessible! • Improved relationships and communications by applied critical listening skills • Increased contact base from new partnerships • Enhanced marketing efforts through new venues • Developed business retention outreach – we care! • Provided introductions to support housing redevelopment projects • Completed professional development courses • IEDC - Chesapeake Basic ED Course and CEcD Courses • MEDA – Quarterly Training • TGCC Leadership Series • Chamber’s Leadership Allegany! Planted seeds – growing trees

12. Q & A