State Assists Federalsburg with Strategic Development Plan

Thu, June 19, 2014

The Maryland Department of Business and Economic Development (DBED) announced today that the State has approved a $50,000 conditional grant to the Town of Federalsburg to develop the Federalsburg Strategic Development Plan (FSDP). The funding will be provided by the Community Development Block Grant Program (CDBG), which is administered by DBED and the Maryland Department of Housing and Community Development (DHCD), and overseen by the U.S. Department of Housing and Urban Development (HUD). To assist with project costs and administration, the town will also contribute $10,000.

“The State is pleased to work with our partners in Federalsburg and Caroline County in developing a plan that will strengthen the Town’s economic development strategy and promote growth,” said DBED Secretary Dominick Murray. “We applaud Federalsburg for their efforts to promote commercial revitalization, business attraction and job creation and we look forward to assisting with future economic development efforts in Caroline County.”

The town of Federalsburg plans to use the FSDP to review current town strategies and objectives for community revitalization and economic development, and will adjust any existing approaches to growth and development as necessary. The town anticipates focusing specifically on the downtown business district, small business development, tourism, and housing, and strengthening and enhancing these areas to make Federalsburg a highly desirable place to live and do business.

“Federalsburg is the economic engine of Caroline County and has many successful companies located within its industrial parks,” said Angela Visintainer, Director of Caroline Economic Development Corporation. “This is an exciting project that will focus on making the downtown area just as vibrant. I’m so impressed with the energy and enthusiasm that the town’s leadership is bringing to this project.”

“This Strategic Development Plan grant is a tremendous opportunity for Federalsburg to take control of its future possibilities and to drive the town forward in the 21st century,” said George Mayer, Grants Administrator for the Town of Federalsburg. “This grant allows Federalsburg to plan its future by combining sustainable community goals and a focus on key areas to bring Federalsburg a desired future as a small, thriving rural community.”

About DBED:
The Maryland Department of Business and Economic Development stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies. The Department promotes the State’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visitwww.choosemaryland.org.