News & Press Releases2022-08-29T10:23:41-04:00

News & Press Releases

Appalachian is pleased to be one of the grant recipients and congratulates its colleagues.

Christiansburg, Va. (June 7, 2024) – Governor Glenn Youngkin announced today $1.3 million in grants for seven projects through the Commonwealth’s Capital for Communities Fund. The projects will expand lending to communities lacking banking options across the Commonwealth while providing technical assistance to future borrows for business ventures.

Opportunity Appalachia Selects 29 High-Impact Projects Seeking Over $275 Million in Investment to Receive Pre-Development Support

Christiansburg, Va. (June 3, 2024) – Opportunity Appalachia, a program of Appalachian Community Capital (ACC), has selected 29 projects to receive support to prepare for $275 million in investment for downtown and rural redevelopment projects in Central Appalachia. Proposed projects will develop a range of properties preparing to create over 2,700 local jobs and support over 340 individual businesses. Developments will support housing, entrepreneurial and clean energy hubs, manufacturing; community centers, arts & entertainment centers, coworking spaces, and hospitality enterprises. The projects are located in Appalachian communities in Kentucky, North Carolina, Ohio, Tennessee, Virginia, and West Virginia.

Appalachian Community Capital Seeks Coaching and Conference Management Services for Opportunity Appalachia.  Responses due May 24, 2024.

Christiansburg, VA, [May 20, 2024] – Appalachian Community Capital (ACC) has issued an RFP for contractual support for specified Coaching and Conference Management Services for Opportunity Appalachia, which brings new investment to Central Appalachian Communities, creating new jobs and businesses that support sustainable growth.  Responses to this solicitation are due May 24, 2024.

Appalachian Community Capital Seeks Communications Support Services for the Green Bank for Rural America.  Responses due May 17, 2024.

Christiansburg, VA, [May 8, 2024] – Appalachian Community Capital (ACC) has issued an RFP for contractual support for specified Communications Services for a new wholly-owned subsidiary, the Green Bank for Rural America.  The U.S. EPA has selected ACC to receive a $500 million Greenhouse Gas Reduction Fund award to launch the Green Bank for Rural America, which will be used to leverage private capital to finance $2.25 billion in 2,750 clean energy projects, create 18,000 quality jobs in rural communities, and reduce carbon emissions by 12M tons annually.  Responses to this solicitation are due May 17, 2024.

Appalachian Community Capital Seeks Recruiting and Hiring Support Services for the Green Bank for Rural America.  Responses due May 16, 2024 (extended).

Christiansburg, VA, [May 8, 2024] – Appalachian Community Capital (ACC) has issued an RFP for contractual support for specified Recruiting and Hiring Support Services for a new wholly-owned subsidiary, the Green Bank for Rural America.  The U.S. EPA has selected ACC to receive a $500 million Greenhouse Gas Reduction Fund award to launch the Green Bank for Rural America, which will be used to leverage private capital to finance $2.25 billion in 2,750 clean energy projects, create 18,000 quality jobs in rural communities, and reduce carbon emissions by 12M tons annually.  Responses to this solicitation are due May 13, 2024.

Appalachian Community Capital Awarded Grant from EPA’s Clean Communities Investment Accelerator

Christiansburg, VA, [April 4, 2024] – Today, the Environmental Protection Agency (EPA) announced the recipients of the Clean Communities Investment Accelerator (CCIA) competition. Appalachian Community Capital (ACC) and its partners are thrilled to learn that it has been selected for a $500 million award for the Green Bank for Appalachia, Energy Communities, and Underserved Rural America (Green Bank for Rural America) by the EPA under the CCIA.  The award will catalyze green energy investments in low-income rural communities across the nation, and leverage private capital to finance an anticipated $2.25 billion in 2,750 clean energy projects, create 18,000 quality jobs in rural communities, reduce energy generation from carbon-based sources by 1.4M MWh annually, and reduce carbon emissions by 12M tons annually.

Appalachian Community Capital Receives Grant from the Truist Charitable Fund for Redevelopment Projects in Central Appalachia

Christiansburg, VA., Feb. 27, 2024 – Appalachian Community Capital (ACC) today announced that it received a $350,000 matching grant from the Truist Charitable Fund, a donor-advised fund administered by The Winston-Salem Foundation. The funds will be used as part of a match for a recent $1.5 million grant from the Appalachian Regional Commission (ARC) for Opportunity Appalachia (OA), an initiative to build local opportunity and wealth through capital and technical assistance aiding development projects in six Central Appalachian states: North Carolina, Ohio, Tennessee, Virginia, West Virginia, and Kentucky. 

February 2024

Bank of America, Veteran Loan Fund, and ACC and Its Members Provide Support for Veteran-led Small Businesses in Appalachia

Bank of America is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses that have created or retained more than 3,000 jobs across 37 states. Appalachian Community Capital (ACC) has already distributed $1MM in loan funds through this partnership for use in Appalachia.

November 2023

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.

October 2023

Appalachian Community Capital Launches Technology Transformation Project for
Community Development Members in Western North Carolina

Christiansburg, VA – Dogwood Health Trust has selected Appalachian Community Capital as a recipient of its prestigious Accelerating Capital to Under-Fueled Entrepreneurs grant designed to create a dramatically healthier region in Western North Carolina. The Accelerating Capital program is focused on supporting the growth and development of non-traditional small business
lender ecosystems with the focus on enhancing their ability to meet the capital and development needs of entrepreneurs of color and rural entrepreneurs who have traditionally been underserved.

August 2023

Connect Humanity Partners with Appalachian Community Capital to Raise Capital to Bridge the Digital Divide

Connect Humanity and Appalachian Community Capital (ACC) have joined forces in a bold campaign to raise $25 million through IDEA (Investing in Digital Equity in Appalachia), aiming to bridge the digital divide throughout Appalachia, one of the least connected regions in the United States.

July 2023

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