Appalachian Community Capital Awarded Grant from Truist Foundation

Christiansburg, VA, [August 28, 2024] – Appalachian Community Capital (ACC) is pleased to announce that Truist Foundation has awarded ACC a $1.3 million grant to support diverse small businesses in the Appalachian Region.

Small businesses are the backbone of Appalachia, and they are poised to provide the bridge to a resilient, diversified and sustainable economy that builds wealth and assets within local communities. However, without access to reliable financial resources and supporting capacity-building services, small businesses will continue to face barriers. The grant provided to ACC aligns with Truist Foundation’s pillar of strengthening small businesses. ACC and its members will increase access to capital by accelerating support to diverse small businesses in Appalachia, including businesses owned by persons of color and women.

August 2024

Appalachian Community Capital receives $500 million award from EPA Greenhouse Gas Reduction Fund – Clean Communities Investment Accelerator

Christiansburg, VA, August 16, 2024 – Appalachian Community Capital today formally announced the Green Bank for Rural America, an ambitious initiative aimed at empowering rural communities to thrive in the new energy economy. With a $500 million award from the Environmental Protection Agency (EPA), the Green Bank will leverage private capital to finance an estimated $1.6 billion into 2,000 new energy projects, creating 13,000 good jobs and reducing up to 850,000 tons of harmful pollution annually.

August 2024

Christiansburg, VA (August 5, 2024) – Appalachian Community Capital is pleased to announce that it has received a $1.25M grant award from the Mastercard Impact Fund through the Mastercard Strive USA program.
This grant supports ACC’s launch of the Resilient Appalachia Data Initiative, a transformative platform designed to equip regional CDFIs and the small businesses they serve with the data insights needed to lead the transition to a more sustainable and inclusive regional economy.

August 2024

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

Appalachian Community Capital Welcomes Two New Members – Carolina Community Impact (NC), The Center for Rural Health Development, Inc. (WV)

June 2024

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.

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.

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.

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.