Link to ARC home page.

Appalachian Regional Commission Announces $26.5 Million To Diversify and Strengthen Regionís Coal-Impacted Communities

October 2018


 
35 Awards in 9 States Support Workforce Training, Industry Growth,
and Infrastructure Developments

Contact: Wendy Wasserman, wwasserman@arc.gov; 202.884.7771
WASHINGTON, D.C., October 11, 2018—Today, the Appalachian Regional Commission (ARC) announced $26.5 million to expand and diversify the economy in Appalachiaís coal-impacted communities through the POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative. These 35 awards are projected to create or retain over 5,400 jobs and leverage more than $193 million in private investment into 59 of the Regionís coal-impacted counties by supporting workforce training and education in manufacturing, technology, healthcare, and other industry sectors. They also invest in infrastructure enhancements to continue developing the Regionís tourism, entrepreneurial, and agriculture sectors, as well as increase access to community-based capital, including impact-investing funds, venture capital, and angel investment streams.
Infographic: ARCís POWER investments support economic growth in coal mining counties and in communities along the Regionís coal supply chain..


"Todayís announcement is continued support for the work already underway to create new opportunities for those living in communities hardest hit by changes in the coal industry,Ē said ARC Federal Co-Chair Tim Thomas. ďThese grants are a commitment to long-term diversification and economic growth in Appalachia.Ē

A summary of todayís announced awards, as well as more information about ARCís work in diversifying the economy in Appalachiaís coal-impacted communities, is available at www.arc.gov/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. With todayís announcements, ARC has invested over $120 million in 149 projects touching 309 counties across Appalachia since 2015. ARC is working with Chamberlin/Dunn LLC, a third-party research firm, to monitor, analyze, and evaluate these investments.

Earlier this year, ARC published An Economic Analysis of the Appalachian Coal Industry Ecosystem (CIE), a research series examining how Appalachiaís coal industry ecosystem (CIE) is being impacted due to changes in the coal industry. These reports explore some of the current and future economic effects of declining coal production on various components of Appalachiaís CIE, including supply chain industries, electric power generation, and transportation. The research finds that the impacts of the Regionís changing coal economy go far beyond the communities where coal is produced and touch communities throughout Appalachia. The study also describes occupations that may be affected by losses in the coal industry ecosystem, offers state-by-state analyses comparing these impacted occupations to similar occupations in other industries, and identifies where former coal industry workers might find alternative employment opportunities.

About the Appalachian Regional Commission
The Appalachian Regional Commission 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.