What Exactly Do We Do Here at the IDA?

We've put together some information to help you navigate the scope of our outreach in support of economic development across the county. Click here to see for yourself.

​Driving Economic Growth in Allegany County
At its core, the ACIDA is the "economic engine" of our county. Our mission is simple: to promote business retention and expansion by making it more affordable for you to build, renovate, and equip your business right here at home.

We don’t just offer "advice"—we provide strategic incentives designed to lower your costs and improve your ROI. Here is how we do it:

• Tax & Financial Incentives: We offer sales and mortgage tax exemptions, along with PILOT (Payment In Lieu of Taxes) arrangements to reduce your property tax burden during development.
• The Local Development Corporation (LDC): Through our LDC, we provide low-interest revolving loan funds and "gap financing" to help cover those final project costs that traditional lenders might not.
• Micro-Enterprise Grants: Smaller operations (5 or fewer employees) can access grants between $10,000 and $35,000 to stabilize and grow.

What this means for you: Lower project costs, better cash flow, and a dedicated local partner to help you navigate the process from application to implementation.

Ready to grow? Review our ACLDC page for more information and call to schedule a consultation with our staff to review your project concept and timeline.

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