POWER Initiative |
What is POWER?
POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) is a congressionally funded initiative that targets federal resources to help communities and regions that have been affected by job losses in coal mining, coal power plant operations, and coal-related supply chain industries due to the changing economics of America's energy production.
POWER in Appalachia
ARC'S most recently announced POWER investments were in October, 2018 for 35 grants totaling $26.5 million. These awards support workforce training and education in manufacturing, technology, healthcare, and other industry sectors; invest in infrastructure enhancements to continue developing the Region's tourism, entrepreneurial, and agriculture sectors; and increase access to community-based capital, including impact-investing funds, venture capital, and angel investment streams.
To date, ARC has awarded $120 million through the POWER Initiative to help coal-impacted communities in 309 Appalachian counties diversify and grow their economies. These 149 POWER investments are projected to create or retain almost 14,000 jobs, leverage an additional $403 million in investment, and prepare thousands of workers and students with globally competitive skills and opportunities in the Region's manufacturing, technology, entrepreneurship, agriculture, and other emerging sectors. Read ARC's POWER project summaries to learn how these investments are growing Appalachia's economy.
In 2018, POWER focused on investments that are regional, strategic, and transformational and that maximized the economic revitalization of Appalachia's coal-impacted communities and regions. In general, ARC's POWER investments focused on four areas:
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