Spotlight on ACC and Our Members! |
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Ford Foundation Announces Additional $10M Investment in
Appalachian Community Capital
On December 7, the Ford Foundation announced that it was partnering with ACC
to invest an additional $10M to support small businesses, and spur job creation
and economic growth across 13 states in Appalachia. This investment will attract
additional private sector funds, supporting 400 local businesses and 1,000 new jobs. ACC and its members are proud of our work in the region, and we look forward to continuing our partnership with the Ford Foundation!
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ACC, Woodlands Community Lenders, and Partner Community Capital Fund Historic Tygart Hotel Renovation in Elkins, WV
The impact of CDFI support on the renovation of the historic Tygart Hotel in downtown Elkins, West Virginia—a project ACC member Woodlands Community Lenders has been developing over the past several years—recently made an appearance in the news. ACC and member Partner Community Capital have joined Woodlands, fellow CDFI Fahe, and three local banks to fund the project. The article highlights the key role CDFIs play in taking on higher-risk investments and leveraging New Markets Tax Credits. The six-story, 42,000-square foot development in the heart of Elkins' Historic District is expected to provide an anchor for downtown businesses and have a significant catalytic effect on the city’s downtown development. The $16 million project is currently under construction and expected to be completed in fall 2023. Read Woodlands’ recent press release HERE.
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Woodlands Development and Lending representatives Dave Clark and Karen Jacobsen,
left and center, tour PCAP President and CEO Marten Jenkins, fourth from right, and other
members of his staff and board through the future restaurant space at the Tygart Hotel in Elkins.
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Funding & Technical
Assistance Opportunities
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The Regional Food Business Centers will serve as the cornerstone of USDA’s development of local and regional food supply chains, offering coordination, technical assistance, and capacity building support to small and mid-sized food and farm businesses, with the goal of creating a more resilient, diverse, and competitive food system. USDA will award cooperative agreements to regionally based partners to fund at least six Centers. Three High Priority Areas will each have at least one Center serving all or part of that area: Colonias, high need areas of the Delta and the Southeast, and high need areas of Appalachia. Application Deadline: December 15, 2022 (extended). APPLY HERE
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These grants are awarded to eligible organizations proposing to engage AmeriCorps members in evidence-based or evidence-informed interventions and practices to strengthen communities. Priorities include funding organizations serving communities with concentrated poverty, rural communities, tribal communities, and organizations serving historically underrepresented and underserved individuals. Application Deadline: January 4, 2023. APPLY HERE
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The NMTC program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities. Application Deadline: January 26, 2023. APPLY HERE
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This program supports
projects that benefit small
and emerging businesses in rural communities. Eligible applicants are rural towns, communities, state agencies, authorities, nonprofits, federally recognized Tribes, public institutions of higher education, and non-profit cooperatives.
Application Deadline: February 28, 2023. APPLY HERE
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The deadline for Tribal governments to submit their complete SSBCI Technical Assistance (TA) Grant Program applications has been extended to March 31, 2023. Tribal governments that submitted a timely and complete SSBCI Capital Program application or were part of a timely and complete Tribal joint Capital Program application are eligible to submit or be part of a Tribal joint application for the TA Grant Program. A list of Capital Program applications Treasury has received corresponding to Tribal governments can be found on Treasury’s website. APPLY HERE
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This program is designed to build the capacity of local governments experiencing economic distress and assist them and their nonprofit partners in alleviating persistent poverty in specific eligible areas. Local governments have the opportunity to submit their TA request in partnership with other local governments or nonprofit organizations. Application Deadline: Rolling;
the program operates on a demand-response system. APPLY HERE
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USDA Strategic Economic and Community Development (SECD) FY23 Funding Opportunity Webinar
December 13 at 2:00 pm ET
Virtual
This webinar will provide an overview of the Strategic Economic and Community Development (SECD) initiative, application requirements, process, and timelines. SECD is designed to advance regional community and economic development planning by making reserved program funding available to implement multi-jurisdictional and multi-sectoral strategic plans. In FY23, the programs with SECD reserve funds include Community Connect, Community Facilities, Rural Business Development Grants and Water and Environmental Programs.
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Every Thursday at 3:00 pm ET
Virtual
Rural stakeholders are invited to join this call, which takes place every Thursday.
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The National Association of Counties Building Resilient Economies in Coal Communities (BRECC) National Network is an open forum and peer network connecting coal community leaders representing local governments, regional organizations, community nonprofits, education and workforce providers, utilities, private business and other local stakeholders. Bi-monthly virtual learning sessions will feature issue-specific presentations, peer breakout discussions, community case examples, and critical funding and resources available to coal communities. To become part of the network and receive updates on all BRECC programming, sign up HERE.
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APPALACHIAN COMMUNITY CAPITAL
110 PEPPERS FERRY RD NW
CHRISTIANSBURG, VA 24073
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