ACC Power Grant From Appalachian Regional Commission Enables Expansion Of Opportunity Appalachia Program
Christiansburg, VA – Appalachian Community Capital (ACC) is pleased to announce that it has received a $1.5M grant from the Appalachian Regional Commission through ARC’s POWER (Partnerships for Opportunity and Workforce and Economic Revitalization Initiative.) ACC’s grant is part of nearly $54 million awarded for 64 projects in 217 counties through ARC POWER which directs federal resources to economic diversification projects in Appalachian communities affected by job losses in coal mining, coal power plant operations, and coal-related supply chain industries. In addition to its newest state partner Kentucky, ACC’s POWER grant will enable current participating Appalachian states— Virginia, North Carolina, Ohio, Tennessee, West Virginia—to provide direct development technical assistance to 30 communities, engage 600 participants, create 1,200 jobs and 11 businesses, and leverage $150 million in private investment during the grant period and up to three years after.
