CEDS Online Survey

The Comprehensive Economic Development Strategy (CEDS) will serve as the fundamental plan for Tri-County Council for Western Maryland's economic development efforts for the communities it serves for the next five years. As part of this process, CEDS Committee members have developed an online survey. The survey seeks to understand the views of community members on the opportunities and threats associated with the region's economic growth and development. Tri-County Council wants the regional community to have strong and substantive input in the process. Specifically, TCCWMD asks the region to guide its economic development efforts by helping to prioritize issues that affect Western Maryland.

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What is the CEDS Regional Survey?


Tri-County Council thanks the region for participating in the Survey to guide its economic development efforts.

Results of the Survey will be available online in Fall 2017.


Participation in the survey was voluntary and answers will remain completely anonymous.
Those participants selected in the drawing to receive one of five $100 VISA gift cards have been notified.



 Tri County Council for Western Maryland, Inc. (TCCWMD) is a local Development District serving a three-county region in Appalachian Maryland. TCCWMD is owned by its member governments of Allegany, Garrett, and Washington Counties and has provided economic and community development assistance to its partners since its inception in 1971. TCCWMD encourages and facilitates government cooperation by addressing issues of greater than local significance on a regional basis.

The preparation of this survey was financially aided through funding from the
conomic Development Administration and Maryland Department of Commerce.


SLoT Fund

State Lottery Terminal (SLoT) Fund

The State Lottery Terminal (SLoT) Fund, under Maryland law, provides for 1.5% of the proceeds generated from video lottery terminals (slots) to be contributed to the State Lottery Terminal (SLoT) Account to be distributed to small, minority and women-owned businesses (Targeted Businesses). At least 50% of the SLoT allocations will be deployed to targeted businesses located within a 10-mile radius of the five casinos—Hollywood Casino Perryville, Ocean Downs in Worchester County, Maryland Live! in Anne Arundel County, Rocky Gap Casino in Allegany County, and Horseshoe Casino in Baltimore City. The other 50% will be available to small, minority and women-owned businesses located throughout Maryland.

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Tri County Council for Western Maryland serves as a fund manager for the State Lottery Terminal Account. TCCWMD’s allotment of funds is distributed through its lending program – Summit Financing Solutions.  Small, minority, women and veteran owned businesses located within 10 miles of any of Maryland’s five casinos (Target Areas) and those located elsewhere in the state may be eligible for loans between $10,000 and $500,000.

  • Loan amounts range from $10,000 - $500,000

  • Eligible Purposes: business acquisition and expansion, owner occupied commercial real estate, lease-hold improvements, purchase of equipment, start-up costs, working capital, professional/technical assistance, and refinancing of existing debt under certain circumstances

  • Interest rates will generally range between 4% and 8%

  • Terms of up to 5 years for working capital and up to 15 years for fixed assets

  • Use of standard underwriting practices- factors to be considered include repayment capacity and debt service coverage, financial strength of the company and guarantors, industry and management experience, and collateral protection

  • A Business Plan is required

  • Personal credit score of 650 is generally required, however lower credit scores are considered

  • Personal guaranties of the debt are required from all owners with 20% or greater interest

  • Minimum equity injection of 10% for start-up businesses is generally required

  • Application fee of $250 (non-refundable) for loan processing

  • Approved borrowers are assessed a one percent (1%) loan origination fee at closing

  • Collateral required includes Deeds of Trust, Machinery and Equipment liens, Personal Guarantys, and Key Man Life Insurance