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's safe to say that Harvey has been yelled at quite a few times at home.
5 minutes ago
He said it will make the 2008 financial crisis look like a 'Sunday school picnic.'
17 hours ago
National Taxpayer Advocate noted the IRS is battling 27% drop in workforce and new tax law changes
20 hours ago
Harvey almost turned into Michael Jackson after hearing the answer.
23 hours ago
This comes after a contractor exposed IRS data involving Trump, Elon Musk, Jeff Bezos, and others.
1 day ago
As a part of a plan to increase profitability, UPS will reduce 25 million work hours.
1 day ago
Despite low unemployment, many Americans remain only loosely attached to the workforce.
1 day ago
The Consumer Confidence Index slipped to 85.5 amid war concerns, rising costs, and a weak labor market
1 day ago
Harvey had to tell the world that his lips were 'all naturale.'
1 day ago
While the investment in AI has surged, its contribution to the GDP isn't the biggest
2 days ago
The CFRB's projections estimate the debt to rise by $5.5 trillion in the worst case scenario.
2 days ago
Harvey couldn't help but teach the contestant a lesson on show etiquette.
2 days ago
Even the fans came out in support of the contestant Jess Graham, calling the puzzle unfair.
2 days ago
Taking advice from his dad in the audience, Robert chose to play it safe.
5 days ago
The reduction in utility bills will be temporary and residents will end up paying some of that back
5 days ago
The player, Chad Hedrick got the fans to the edge of their seats before scoring the win.
6 days ago
The layoffs are expected to hit the People Experience and Technology units of the retailer.
6 days ago
In the retailer's latest earnings call, CEO Ron Vachris praised the app based checkout system.
6 days ago