Appalachian Regional Commission’s $125.6 Million Investments Made During FY 18 to Attract $1.5 Billion in LPI and Create/Retain 26,600 Jobs Region Wide
State-by-State Data on ARC FY 18 Investments, LPI, and Projected Job Creation Also Available
Contact: Wendy Wasserman, firstname.lastname@example.org, 202.884.7771
, February 25, 2019—New data
shows that the Appalachian Regional Commission (ARC) invested $125.6 million in 522 economic development projects during FY 2018. These region wide investments will be matched by $188.7 million, and will attract an additional $1.5 billion in leveraged private investment (LPI) into Appalachia. In addition, these investments are projected to create or retain 26,600 jobs, as well as train or educate 34.000 students and workers.
ARC also released state-specific fact sheets
summarizing ARC’s direct investments, as well as the matching funds attracted and leveraged private investment dollars generated by these investments, for each of the 13 Appalachian states. The fact sheets also offer estimates of the number of jobs expected to be created or retained and the numbers of students and/or workers expected to be trained as a result of these state-specific investments. Additionally, the sheets detail the percentage of ARC’s investments distributed to counties and areas considered economically distressed, and offer examples of ARC “investments in action” in each state.
“Each one of these projects, and their projected outcomes, is a direct result of ARC’s flexible, nimble, and successful federal-state partnership model,” said ARC Federal Co-Chair Tim Thomas. “These investments will make a difference in Appalachia.”
The investment overview complements ARC’s FY 2018 Performance and Accountability Report
, a review of the Commission’s regional investments and activities submitted to the Office of Management and Budget. ARC’s FY 2018 data was presented at ARC’s February 24 Commission Quorum Meeting, held in conjunction with the 2019 National Governors Association Winter Meeting in Washington, D.C. Per ARC statute, the ARC Federal Co-Chair and a quorum of governors representing the Appalachian states are required to meet annually to review the Commission’s operations and activities.
The Commission Quorum Meeting was co-hosted by ARC Federal Co-Chair Tim Thomas and North Carolina Governor Roy Cooper, who is serving as ARC’s 66th States’ Co-Chair throughout 2019.
“Investments in our country’s Appalachian Region have created good paying jobs, strengthened our workforce, and helped our rural communities grow stronger.,” said Governor Cooper. “I look forward to working with ARC to find innovative ways to expand those economic opportunities.”
ARC investments are made in partnership with the governors of each of the Region’s 13 states and in accordance with the investment goals outlined in the Appalachian Regional Commission's Five-Year Strategic Plan for Capitalizing on Appalachia's Opportunities, 2016–2020
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.