ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

A quaint Maryland town is willing to pay you $20,000 to move there and here's how you can apply

The city is making an attempt to boost its population which has been declining since 2020.
PUBLISHED SEP 4, 2024
Getty Images - Photo by halbergman
Getty Images - Photo by halbergman

A beautiful city in western Maryland is offering up to $20,000 as a cash incentive to those willing to relocate there. The town of Cumberland is offering the cash grant to 10 people, who are willing to become a part of the community. The official website lists out various benefits of moving into the city as it makes an attempt to boost its population which has been declining since 2020, FOX Business reported.

 Blue Bridge over the north branch of the Potomac River, Cumberland, Maryland | Getty Images | Photo by Carol M. Highsmith/Buyenlarge
Blue Bridge over the north branch of the Potomac River, Cumberland, Maryland | Getty Images | Photo by Carol M. Highsmith/Buyenlarge

The package offers $10,000 in relocation cash, plus up to $10,000 more as a dollar-for-dollar match to cover costs of approved renovations on an existing home, or for a down payment on a newly constructed home within city limits, as per the website.



 

Only people above the age of 18 and eligible to work in the US can apply for the program. Furthermore, applicants must be relocating to Cumberland from outside of Allegany County. 

Applicants must have full-time remote employment, local employment, or proof of self-employment. Once accepted into the program, applicants will have to move in within six months and consent to an interview with the city officials. 

All applicants who are accepted must make their home in Cumberland, their primary residence for at least five years. If they fail to do so, they will need to return the incentive amount. Furthermore, applicants looking to purchase a newly constructed home must spend at least $150,000 for the purchase.



 

To apply for the program, citizens need to visit the website portal and email their completed application form to Ruth Davis-Rogers, historic planner/preservation coordinator of the city at ruth.davis-rogers@cumberland.gov. 

Fortune notes that Cumberland is one of the poorest metropolitan areas in the country, but has a rich history and memerizing views. It served as an outpost for George Washington in the French and Indian War and it is the home of Lover’s Leap, which offers a view of both Pennsylvania and West Virginia on a clear day. The city also served as a terminus for railroads in the state during the 19th century.

In terms of scenic beauty, the town is located on the Potomac River in Allegany County, which is also known as the Mountainside of Maryland. The county comprises 70,000 acres of nature for outdoor, recreation activities and is located just two hours away from Baltimore. 



 

The city website puts emphasis on the “location, lifestyle, and value” of the town. It also mentions the modern-day amenities like "95% broadband connectivity" and access to the interstate highway and rail access. "The downtown is retooled for modern use,” the website added. 

Furthermore, Allegany County is also a popular tourist destination and it has been nominated for the second year in a row as the 'Best Place to Visit for Fall', by USA Today



 

The city of Cumberland had a population of 18,769 residents in 2020. This marked a 12% drop since 2020, according to city data, prompting action by the city officials. Last year, Governor Wes Moore announced $63.7 million for seven state revitalization programs, including homeownership and home rehabilitation incentives.

MORE ON MARKET REALIST
It didn’t help that Alvin Rosales was playfully scolded by the host just before losing the Bonus Round.
1 hour ago
The photos featured some looks of the show's legendary former host, Alex Trebek, as well.
2 hours ago
The player, Kate Stuntz, pulled off a miraculous win to take home over $68,000 and a trip to Iceland.
5 hours ago
The owner couldn’t believe the value of Jane Peterson’s "The Floats" gouache painting.
1 day ago
The player, Callie DeWeese, failed to choose the right letters in the Bonus Round, leading to her loss.
1 day ago
The personal digs at the host have been relentless on the show by producers and players.
1 day ago
The guest had no idea how valuable her grandfathers Dutch tinware coffee pot was.
2 days ago
It wasn't one of Steve Harvey's jokes that cracked Bridget up so bad.
2 days ago
Fans now won't be able to stream more than five most recent episodes of the new season.
2 days ago
Despite the questionable morality of CATE App, Neal Desai managed to partner with two Sharks.
3 days ago
A supplier of Costco's Dubai Styled chocolate issued a notice regarding misinformation of allergens.
3 days ago
While some felt the puzzle was easy, many agreed that the player's letter picks let her down.
3 days ago
Harvey couldn't believe that a contestant mentioned John Madden as a response to the question.
4 days ago
The host was impressed with the contestant, John Boese's puzzle solving skills.
4 days ago
Despite making a decent offer, Harrison could not make a deal for the rare Mormon Bank Dollar.
4 days ago
The player, Lisa Santangelo, was dumbfounded by a puzzle that was allegedly reused by the show.
5 days ago
The player, Brittany Brock was visibly shaken after the big $40,000 win in the Bonus Round.
5 days ago
Steve Harvey was thoroughly entertained by the plans some of the contestants had for their final hour on Earth.
5 days ago
Costco's executive membership costs $130 annually, and with it, you can enter the store up to an hour earlier on most days.
6 days ago
Not only the contestants, but the audience also took a dig at the host with their survey responses.
6 days ago