Preservation Maryland, in partnership with the City of Cumberland, Maryland Historical Trust, and the Cumberland Economic Development Corporation, presented a free Historic Preservation Tax Incentives Workshop on February 9th at the town’s City Hall Council Chambers.
The workshop was intended for investors, historic property owners, real estate agents, banking specialists, accountants, government officials, and local community leaders who want to learn more about utilizing vacant and/or historic buildings in Cumberland. The workshop demonstrated the intrinsic value of historic tax credits as economic development tools such as providing incentives to invest in older structures, stabilizing neighborhoods, and creating local jobs for skilled workers.