In 2016, the Natural Capital Investment Fund (NCIFund) partnered with the Hatfield McCoy Trail Authority and Southern West Virginia Community and Technical College (Southern) to drive recreational tourism development in the coalfields of southern West Virginia. Through ARC POWER funding, the partners launched a revolving loan…
Since 1985, the Appalachian Center for Economic Networks (ACEnet), based in Athens County Ohio, has held steadfast to its mission of growing the regional economy in 32 Appalachian Ohio counties by supporting entrepreneurs and local sector growth. With ARC support ARCnet operates the Food Venture Center in Athens, and Business…
“About 80% of West Virginia businesses have 20 or less employees,” said Alyssa Keedy, the Advanced Career Education Coordinator at the West Virginia Department of Education (WVDE). Why is that the case? One reason is a disconnect between West Virginia workers and the skills needed by local employers. With many…
From 2005 to 2015, 94% of the national job growth in the U.S. was in self-employed/independent contracting positions. The Women’s Institute for a Secure Retirement (WISER)’s launched the Benefit U project in West Virginia, in partnership…
ARC investments in West Virginia’s hardwoods manufacturing sector allow for entrepreneurs to receive the support they need in producing/marketing hardwoods goods, and for the development of a hardwoods industry strategic plan. In 2018 and 2019, ARC helped support entrepreneurs in the production and marketing of value-added hardwoods manufactured goods, the…
TJ Kaikobad and his wife, Danielle, of Cyra’s Simple Goodness Restaurant in Dalton, Georgia, recently received ACE’s Small Business Entrepreneur of the Year Award.Photo courtesy of Erik Voss With ARC support, Access to Capital for Entrepreneurs (ACE) in Cleveland, Georgia, is a Community Development Financial Institution (CDFI) providing access to capital and business…
Since its conception in 2005, Spark Center SC, located on the Spartanburg Community College Tyger River campus in Duncan, South Carolina, has specialized in business incubation, soft landings, workforce employment services, and special projects which assists in spurring economic development. Between 2009-2019, the Spark Center has worked with over 100…
First conceptualized in 2014, Sprouting Farms‘ mission is to help farmers realize economic opportunities in the New and Greenbrier River Valleys by accessing land and capital, building assets, and developing successful business plans. In 2016, with support via ARC’s POWER Initiative to diversify the Region’s coal-impacted communities, the…
With COVID-19 related funding from ARC, ACC was able to support the Parkway Theater’s renovation and survival through the pandemic. Access to capital is one of the biggest obstacles to small business and entrepreneurial growth in Appalachia. In 2013, with seed money from ARC and other partners, Appalachian Community…
The New River Valley Regional Commission, a local development district in Appalachian Virginia, is using ARC support to renovate an unused school building in the rural Prices Fork area into a multi-use commercial and housing facility via a partnership with over 20 other public and private partners. The ARC funded…
LaunchTN — a public-private partnership focusing on early-stage capital formation, market access, commercialization resources, talent development and retention for entrepreneurs across the state — has stood up eight Entrepreneurship Centers in Tennessee. With ARC support, three of these centers are dedicated to assist Appalachian entrepreneurs as they develop business plans,…
Founded in 2001 in what was an abandoned furniture store in downtown Youngstown, Ohio, The Youngstown Business Center (YBI) has since grown into a sophisticated multi-building campus offering comprehensive services to Mahoning Valley’s entrepreneurial and added manufacturing business sectors. By 2015, YBI was recognized as the number one high impact…
Western Maryland Works is a full-service makerspace, small-business incubator project that provides access to technology and equipment, and training facility focusing on machining, welding, and industrial maintenance. With ARC support, Western Maryland Works purchased state-of-the-art advanced manufacturing equipment such as computers, electronic classroom systems, general furnishings, equipment for wood working,…
This research effort examines entrepreneurship in Appalachia through both quantitative and qualitative analysis. It includes a detailed overview of the components that tend to support vibrant entrepreneurial ecosystems.
