$15.5 million in seed capital helped start ACC: The Appalachian Regional Commission, foundations, and other partners made a lead investment of $3.5 million in equity and operating support. Bank of America, Calvert Foundation, Deutsche Bank, and Ford Foundation provided $12 million specifically for small business lending in the region.
ACC closed its first capital raise in June 2015. Between 2015 and 2017, it deployed $11 million of the $12 million in leveraged debt. The remaining $1 million in capital commitment was tapped in 2017 for making small business loans in Appalachian counties in Georgia. Since 2015, ACC has deployed $33 million. ACC members report that, to date, they have financed 130 loans for small businesses and have helped to create or retain almost 3,000 jobs (40% of these jobs are occupied by low-income persons).