Jay Fergusonjay@deepcreekvacations.com301-501-0420

“George Fund” to Support Economic Development in Western Maryland

Maryland Association of Counties

The new Senator George C. Edwards Fund will provide grant or loan funding to capital infrastructure projects and business development projects that improve the economic conditions in the region.

In the 2022 Legislative Session, the Maryland General Assembly passed Senate Bill 474, sponsored by Senators George Edwards, Paul Corderman, and Katie Hester. The legislation called for the creation of the “George Fund” and established the Western Maryland Economic Future Investment Board to review, evaluate, and rate applications for funding from the program. It also made this program a part of the Tri-County Council of Western Maryland, which supports the board and administers the fund.

The purpose of the Fund is to provide grant or loan funding to capital infrastructure projects and business development projects that improve the economic conditions in the region. A total of $50 million has been allocated for economic development projects over the next four years. The first round of funding is for $20 million to support projects in Garrett, Allegany, and Washington Counties.
The Western Maryland Economic Future Investment Board solicited applications and has been evaluating the projects that could make the most substantial economic impact, bring significant employment opportunities, and/or increase the tax base.
Requests for funding in Garrett County alone totaled over $8.7 million and would create over 200 jobs in the next year and over 300 new jobs in the next three years. Project awards are expected to be announced soon.

Senate Bill 474 also designated the positions which are represented on the Board. One representative from the Department of Commerce, appointed by the Secretary of Commerce; one commissioner from each member county, appointed by each member county’s respective commissioners; one representative of an economic development organization in each member county, appointed by each member county’s respective commissioners; one representative from Chamber of Commerce from each member county, appointed by each member county’s respective Chamber of Commerce; and one representative from the Maryland Municipal League, appointed by the Executive Director of the League.
For additional information visit https://senatoredwardsfund.org.



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Jay Ferguson

Who I Am My name is Jay Ferguson, and I am a lifelong resident of the Deep Creek Lake area. I am also co-owner of the real estate side of Taylor Made. I have been in the real estate business for 21+ years now and I LOVE what I do! I have to say, my career really took off when I co-founded the real estate side of Taylor Made in 2014. Its been an amazing experience, building a real estate company from the ground up and achieving so much so quickly! In August 2016, we purchased Long & Foster Real Estate Deep Creek, where I had started my career in 2000. In 2018, we on-boarded virtually every agent from Coldwell Banker Deep Creek Realty as they closed up shop and the real estate family grew even more! We now have over 40 sales agents and have expanded to West Virginia and Pennsylvania, as well. Taylor Made is the #1 vacation rental company at Deep Creek with over 475 vacation rental homes, and over one hundred thousand yearly visitors. Its amazing what we have accomplished using the principles of honesty, teamwork and customer service! Personally, my wife Jessica and I enjoy traveling and especially spending time in the outdoors, hiking and exploring the many diverse areas that Garrett County is naturally blessed with. We have raised two wonderful children here, Kayleah (22) and Noah (13). In the summer, we love spending time on the water with friends & family and enjoying the lake life! We are both active in our church, our community & local school activities, and we fill our schedule with plenty of volunteer efforts. I currently serve on the board of directors for Habitat for Humanity. I am proud to say that I was named Deep Creek Time’s Favorite ‘Community Champion’ in 2019. I was also named Garrett County Realtor of the Year in 2018-19, as well. I really enjoy promoting my hometown. I am very proud of the resort area that has developed over my lifetime and look forward to growing the area even more! Deep Creek Lake has been described as ‘The Lake Tahoe of the east', and I think that speaks volumes about the potential to own property here! Deep Creek Lake isn't really a town or city by itself; it's comprised of three towns: Oakland, Swanton & McHenry, Maryland. I am very passionate about my hometown and am impressed with how many people know about it as we travel around the country. Deep Creek Lake is an amazing place to visit and even better place to live! During the pandemic in 2020, our market exploded and more and more people left their primary residence in the city to live here permanently. With distance learning in schools and tele-commuting becoming the ‘norm’, many more people were drawn to the area to ‘live where they love to play’. Why You Want Me Working for You: In addition to being an owner, I am consistently one of the top-producing agents in the entire area and the Associate Broker of record for Taylor-Made Deep Creek Vacations & Sales. I have 21+ years of experience and I am a problem solver. There aren’t many situations that I have not encountered and I have a strategy for almost every scenario that you may encounter. I have extensively trained in all areas of real estate & emerging technologies, and also have trained as an appraiser, as well as served as a full-time Broker. I have a strong knowledge of the industry, as well as many trusted local contacts & affiliations that allow me to perform at a very high level and deliver results. I have a great deal of respect for my peers in this industry and have strong working relationships that I would love to put to work for you. Call me to discuss your situation - I know I can be of great service to you & others you care about! Honesty. Integrity. Results.