ARC Announces $3.3 Million to Continue Economic Growth in Region’s Coal-Impacted Communities
"These three investments in Appalachian communities well-represent the breadth of the work ARC is doing through the POWER Initiative," said ARC Federal Co-Chairman Tim Thomas. "Whether it's funding important broadband infrastructure to ensure citizens and businesses have competitive internet access, investing in facilities for individuals navigating the substance abuse recovery to work process, or helping communities capitalize on the transformative change Opportunity Zones can provide, POWER is helping change the narrative for coal-impacted Appalachia."
Today's award include:
Funding for today’s awards was made via the POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) 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 today’s announcement, ARC has invested over $195 million in 242 projects touching 350 counties across Appalachia. Together, these investments are projected to create and/or retain 23,500 jobs, create and/or improve more than 10,700 businesses, and attract over $900 million in leverage private investment into Appalachia’s coal-impacted communities. More information about the POWER Initiative is available at www.arc.gov/power.
ARC is currently accepting applications in response to the POWER 2020 Request for Proposals (RFP). Required Letters of Intent are due 5 p.m. (ET) February, 28, 2020. Final applications are due 5 pm (ET) March 27, 2020. Additional guidance on application submission is available at www.arc.gov/power
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.