Economic Development Blog
Catch-up on the latest economic development news and events in Allegany County. Be the first to learn about local updates in housing, investment, and business oriented programs and events by signing up for our newsletter and receiving posts directly to your inbox.
- 5/01/2025Economics
Major Grant Helps Propel Aquatic Circle’s Next Big Leap in Aquaculture Innovation
Aquatic Circle, an emerging leader in sustainable aquaculture water filtration technology, has secured a major boost in funding from the Maryland Industrial Partnerships (MIPS) program—an award that will help fast-track its entry into the industrial aquaculture sector. The funding supports a new collaboration with researchers at the University of Maryland Center for Environmental Science’s Appalachian Laboratory (UMCES) to develop and evaluate a self-cleaning water filtration system designed for brackish and saltwater shrimp farming.This MIPS award is the latest in a series of strategic investments backing Aquatic Circle’s work, including support from TEDCO, the University of Maryland, and Allegany County’s CleanTech Research & Development Grant. These resources have enabled the startup to expand research, build and test prototypes, and move its innovative technology closer to commercialization.“It always feels good when other people actually believe in what I believe in,” Minh Dung Hoang, founder of Aquatic Circle, said. “It’s hard to convince people that there’s new technology out there that actually might change the industry since the industry has existed for thousands of years.” - 1/06/2025Community
On the Horizon: Allegany County’s Strategic Economic Growth in 2025
Allegany County is on the rise. With growth and innovation at the forefront, Allegany County Economic and Community Development (ACECD) is blending economic development, tourism, and quality-of-life improvements into a bold vision for the future. “Maryland is a highly innovative state,” said Jeffery Barclay, ACECD Director. “To keep Allegany County competitive, we’ve made significant investments in recent years to capitalize on our unique strengths…residents are starting to see these efforts pay off, generating an enthusiasm we haven’t seen in some time. We plan to continue that momentum by prioritizing forward-thinking projects in the new year.” This future-forward approach underscores the importance of ACECD’s upcoming strategic plan, which will establish broad economic development goals for years to come. - 11/08/2024Economics
New Grants Enhance Business Development Opportunities in Allegany County
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.” - 5/21/2024Economics
Geocycle’s New Allegany County Pre-Processing Plant Transforms Waste into Resources
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.” - 3/08/2024Community
UMCES Appalachian Lab: Allegany County’s Environmental Science Epicenter
Since its establishment in 1962 in Allegany County the University of Maryland Center for Environmental Science (UMCES) Appalachian Laboratory has played a crucial role in researching the natural resources of Appalachia. This institution contributes significantly to economic development in the region through its research activities, promotion of STEM careers, community engagement, and collaboration with local entities and businesses. UMCES, Maryland’s graduate research university for the environment, operates four laboratories across Maryland with a mission to study, manage, and disseminate knowledge on natural resources, prepare the next generation of scientists, engage with communities, and address environmental challenges. The Appalachian Lab is the only facility in its network focusing on freshwater and terrestrial ecosystems. Over 50 staff members at the lab participate in numerous projects aimed at raising public awareness about environmental science, encompassing challenges, issues, and solutions. Researchers cover a broad spectrum of environmental fields, including conservation, restoration, and the study of terrestrial and aquatic species. - 2/19/2024Economics
Clym Environmental Services Pioneers a Sustainable Regulated Medical Waste Alternative
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. - 1/16/2024Economics
Waste-to-Value: New Allegany Business Offers Solution to Maryland’s Sewage Waste Problem
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.