Appalachian Regional Commission Announces Nearly $2 Million in Additional POWER Investments in Central Appalachia

September 2017


 
Total of $94 Million Invested, $210 Million Leveraged in Past Year to Strengthen Appalachia’s Coal-Impacted Economy

Contact: Wendy Wasserman, wwasserman@arc.gov; 202.884.7771
WASHINGTON, D.C., September 6, 2017—Today, the Appalachian Regional Commission (ARC) announced nearly $2 million in additional awards to continue strengthening the economies of Appalachia’s coal-impacted communities. These investments will help grow an emerging local agricultural network, develop an innovative suite of training programs to serve growing industries, and provide technical assistance with strategic planning for an emerging social enterprise in Central Appalachia.
Infographic: Through the POWER Initiative, ARC has invested $94 million in projects to diversify and grow the economies in 250 coal-impacted counties across Appalachia.


The awards were made through ARC’s POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative, 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 economics of America’s energy production. They include: “These projects are part of an ongoing strategy to strengthen Appalachia’s economy, especially in areas hit hardest by recent coal mine job losses,” said ARC Federal Co-Chair Earl F. Gohl. “Agriculture, manufacturing, entrepreneurship, technology, and construction are all part of the Region’s economic future.”

With the awards announced today, ARC has invested a total of more than $94 million in 114 awards through the POWER Initiative to diversify the economies of 250 coal-impacted counties across 11 Appalachian states in the past year. Together, these investments have leveraged more than $210 million in private investment—a ratio of more than 2 to 1. These investments are projected to create or retain nearly 8,800 jobs and benefit thousands of workers and students.

According to ARC research, Appalachia lost a total of 33,500 coal-mining jobs between 2011 and 2016, representing 82 percent of America’s job losses in this sector. Over 67 percent of these jobs—more than 22,500 jobs—were in coalfield counties in eastern Kentucky and West Virginia. ARC POWER investments directly benefit these counties by preparing workers, creating jobs, and attracting additional capital support for the Region’s emerging technology, manufacturing, agriculture, and entrepreneurial sectors.

More information about ARC’s work in diversifying the economies of Appalachia’s coal-impacted communities, including a full list of POWER investments to date, and videos of grantees describing their work, are 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.