$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 rural Georgia. Since 2015, ACC has deployed$18 million. ACC members report that, to date, they have financed close to 100 loans for small businesses and have helped to create or retain over 2,000 jobs (more than half of these jobs are occupied by low-income persons).