The Town of Easton has received a $1 million conditional grant through the State to upgrade the Talbot Commerce Park (TCP).
The project will extend public sewer and water service and complete access road improvements to TCP's 111 acres of land intended for warehousing, distribution, automotive services and offices. The town annexed TCP in October 2014 so city services could be extended into the park.
Existing businesses in the park employ approximately 180 people, and the project is estimated to create an additional 100 positions over the next five years. At least 51 percent of the new positions will go to low- and moderate-income workers.
"The Talbot County Council is looking forward to building economic capacity for the town and the county by assisting the business community with this expansion," said Corey Pack, County Council President. "We are very pleased to support the community in attracting new businesses to the Talbot Commerce Park."
Funding is provided through the Community Development Block Grant Program (CDBG), which is overseen by the U.S. Department of Housing and Urban Development (HUD), and administered locally by the Maryland Department of Business and Economic Development (DBED) and the Maryland Department of Housing and Community Development (DHCD). Additionally, to assist with project costs, the Town of Easton contributed $250,000 and Talbot County provided just over $144,000.
"This is yet another example of the state, county and town working together to keep businesses within the town limits," said Easton Mayor Robert Willey. "By providing town utilities, we ensure both business expansion and the creation of many new jobs. The CDBG grant makes the project feasible and we look forward to continued support from DBED and DHCD on future endeavors."