1. Economic Development Update August 2011

2. Current Project List Sheetz (former Farleys) – 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. Whats Happening Downtown?! El Jinete – 18 Valley Club PURE – 24-26 Mechanic Niners Pub – 2-4-6 Mechanic GandBgifts.net – 31 Baltimore Dame & Doggie Boutique – 417 N. Centre (moved next to the Buttercup Boutique) Coming Soon!! Pyzanos 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 www.visitcumberland.orgwww.mdmountainside.com

5. Well 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.comwww.cumberlandsmagic.com * Over twenty applications received.

6. Virginia Avenue Business Updates New Businesses Little Ceasars Pizza to 505 Springdale Street Super Liquors to 12 West Industrial Boulevard Popcorn in Paradise to 304 Penn Avenue Lisas Creativity Junction to 43 Virginia Avenue Troutmans 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) Bealls 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 Cumberlands success! For a complete listing of all events, visit www.alleganyartscouncil.org 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 Professional Affiliations 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…. Were 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 Chambers Leadership Allegany! Planted seeds – growing trees

12. Q & A