“These investments capitalize on the growing momentum for a diverse economy in Appalachia,” said ARC Federal Co-Chair Earl F. Gohl. “They are strategic, collaborative, and impactful projects making the Region more competitive in technology, manufacturing, entrepreneurship, broadband, health, and a variety of other sectors.”
Today’s announcement builds on the $47 million ARC has invested since 2015 specifically to diversify the economy in the Region’s coal-impacted communities through the POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative. The POWER Initiative is a congressionally funded, multi-agency strategy bringing federal resources directly 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 economic of America’s energy production. With today’s announcement, ARC’s dedicated funding for economic diversity in the Region’s coal-impacted communities is projected to create or retain more than 6,500 jobs and leverage an additional $132 million into the Region.
About the Appalachian Regional Commission
The Appalachian Regional Commission (www.arc.gov) is an economic development agency of the federal government and 13 state governments focusing on 420 counties across the Appalachian Region. ARC’s mission is to innovate, partner, and invest to build community capacity and strengthen economic growth in Appalachia to help the Region achieve socioeconomic parity with the nation.