Spotlight On ACC & Our Members! |
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ACC Announces $1.9 Million in Technical Assistance for 34 Development Projects in Central Appalachia
Opportunity Appalachia, a program of ACC, has awarded 34 projects with the support to prepare for $177 million in financing for downtown and rural redevelopment projects in Central Appalachia. Proposed projects will develop a range of properties poised to create over 1,700 local permanent jobs, supporting over 230 individual businesses. Planned uses include manufacturing facilities; downtown developments; community centers; health, wellness, and childcare centers; food and agricultural facilities; hotels; and retail enterprises. Click HERE for a list of selected projects.
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CommunityWorks Announces Retirement
of Tammie Hoy Hawkins
The CommunityWorks Board of Directors has announced that Tammie Hoy Hawkins will be retiring from CommunityWorks effective September 1, 2022. Tammie and her family have decided to relocate out of South Carolina, and Tammie will be returning to her consulting business, Together Consulting. Tammie helped to grow the nonprofit over the last 2.5 years, leading the organization and the staff through a founder transition and the pandemic.
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OFN Regional Meeting
On June 7-8, Donna Gambrell (ACC’s President and CEO) accompanied Lisa Mensah (President and CEO - Opportunity Finance Network) and her staff to Kentucky for a visit to several CDFI projects and for OFN’s first 2022 regional meeting, which was held in Berea. They were joined by USDA Under Secretary for Rural Development Xochitl Torres Small. The visit highlighted the extraordinary support being provided by CDFIs and other mission-based organizations in areas such as housing, community facilities, and small businesses. Our thanks to Fahe, Kentucky Highlands Investment Corporation, Mountain Association, Redbud Financial Services, the Foundation for Appalachian Kentucky, the Housing Development Alliance, and many others for their hospitality and for their dedication.
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The Appalachia Funders Network is seeking to improve understanding of the funding and investment gaps and existing community assets that correlate with levels of socioeconomic wellbeing. Application Deadline: July 6, 2022 APPLY HERE
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The Employment and Training Administration has announced the availability of $34 million in grant funds for the fourth round of Workforce Opportunity for Rural Communities (WORC) Initiative demonstration grants. These grants enable communities impacted by economic transition in Appalachia and the Delta to develop local and regional workforce development solutions aligned with economic development strategies and community partnerships to promote new, sustainable job opportunities and long-term economic vitality. Application Deadline: July 8, 2022. APPLY HERE
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This program supports new investments in infrastructure for food aggregation, processing, manufacturing, storage, transportation, wholesaling, and distribution to increase capacity and create a more resilient, diverse, and secure U.S. food supply chain. Application Deadline: Open APPLY HERE
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Stonehenge Capital, in partnership with the State of Ohio, has launched its second Rural Ohio fund focused on investing in Ohio’s small businesses in counties with less than 200,000 residents. This $25 million fund will provide flexible capital to fund business expansion, equipment purchases, and working capital for businesses located in or relocating to rural Ohio. Additionally, through the Commonwealth of Pennsylvania’s Rural Jobs and Investment Tax Credit Program, Stonehenge Capital closed its first fund focused on small businesses in rural Pennsylvania. Stonehenge Capital provides patient capital and flexible financing solutions to businesses located in Pennsylvania cities less than 50,000 in population and engaged in industries such as manufacturing, business services, technology, and agriculture. For more information, contact Keith Jones, kwjones@stonehengecapital.com or (614) 545-7255. MORE INFO
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Webinar: EPA Bipartisan Infrastructure Law Funding for Energy Communities
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Rural Talks Housing, July 13-15, 2022
Rural Talks Workforce & Small Business, December 7-9, 2022
Virtual or in-person in Washington, DC
These events will bring together thought-provoking content and dynamic speakers to explore this historic moment for rural advancement, when billions in public dollars are making important investments in housing, workforce, and small business possible. The series will align with Rural LISC’s key investment pillars with special consideration of the overall impacts of climate change on Rural America. Recordings from the first Rural Talks session, focused on broadband and infrastructure, are available HERE.
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July 13, 12:00 pm ET
Virtual
Smart Growth America will offer a free one-hour technical assistance workshop to support projects related to upending cultural displacement in communities. Explore smart growth strategies for preserving and protecting neighborhood culture during investment and neighborhood change, as well as how factors such as rapid development, gentrification, and rising housing costs affect community culture, cohesion, and belonging.
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APPALACHIAN COMMUNITY CAPITAL
110 PEPPERS FERRY RD NW
CHRISTAINSBURG, VA 24073
(202) 547-5155
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