The Republican. [volume] (Oakland, Md.) 1877-current, 1956-12-20
industrial Group
Seeks Assistance
From County
Commissioners Reluctant To
Commit County Money
To Project

A group of business men inter-
ested in the countrywide industrial
development corporation appeared
before the County Commissioners
Tuesday afternoon to seek fl
nancial assistance to carry out
their program.
An annual budget of approx
mately $4,000, over at least
twO-year period, was agreed upon
at a meeting two weeks ago. and
the group on Tuesday asked the
Commissioners to agree to provide
half of this amount annually, hold
ing it in reserve until the group
proved its worth by raising the
other half by a sale of corporation
stock.
The sale of stock was also ex-
pected to point out to the County
Commissioners that the organiza-
ton had countrywide support,
which the business men pointed
out should justify any appropri-
alton the Commissioners might
make.
Approximately half of the pro-
jected budget was to be used to
hire a promotional director for the
entire county whose efforts would
be directed toward selling the
county to industry and tourists and
thus increase employment in the
| area
Another Plan Projected
Another plan also was projected
at the meeting which suggested
| that people give the Sterling Pro-
cessing company little time to
get into operation and fill their
| labor needs; see what allied in
dustres may develop in the county
as result at the same time have
a small working committee from
/ towns and communities organize
for a concerted county effort along
with the above named groups.
1t was pointed out that the Com
missioners already have a fund of
$1,000 or $4,000 set up for special
travel or entertaining expenses of
prospective industrialists, similar
to one used this past year.
| L 81
dustrial brochure that has been
prepared in cooperation with the
County Commissioners, would be
available for specific interested in
dustrialists. 1t already has been
given out to several prospects.
The Commissioners went on
record as favoring highly any con-
templated industrial development,
but that until it was demonstrated
by the group that its support was
on a countrywide basis, and until
something definite and concrete
could be produced as to the amount
that the group could raise on its
own initiative. the members felt
they could not commit themselves
to providing county funds. They as
surcd the group they would take
the matter under advisement and
would make a thorough study of
the projected plan.
Some twenty or more business
men were present at Tuesdays Ses-
sion, representing a number of
towns and organizations of the
county. All signified their agree
ment with the principles of the
corporation and promised to aid
in raising money by the sale of
stock. The group had already
agreed at previous meeting that
a campaign to sell stock in a nom
profit development corporation was
the most favored proposal on ways
of raising the necessary budget,
which would give every person in
the county an opportunity to par
ticipatc by purchasing shares for as
little as SIS.
The formation of a board of
directors also was agreed upon at
a previous meeting, containing IS
members and including represent
atives from Incorporated towns of
the county, and also from the Deep
Creek Lake Promotion Council,
the Rural Development group, the
Garrett County Farm Bureau, the
County Commissioners.