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Cumberland, Frostburg projects awarded historic revitalization tax credits

December 1, 2023

Of 10 Maryland properties chosen to receive financial incentives for improvements, two are in Allegany County. According to the state’s planning department, the Maryland Historical Trust awarded more than $20 million in historic revitalization tax credits for the projects. Eighteen applicants sought more than $55 million in tax credits for construction projects that total more than $305 million in estimated costs.

Article Source: Cumberland Times-News

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