Rural Economic Development and Infrastructure in Appalachia Rural - - PowerPoint PPT Presentation

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Rural Economic Development and Infrastructure in Appalachia Rural - - PowerPoint PPT Presentation

Rural Economic Development and Infrastructure in Appalachia Rural Gateway Peer-to-Peer April 19, 2017 Appalachian Regional Commission Mission Innovate, partner, and invest to build community capacity and strengthen economic growth in


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Rural Gateway Peer-to-Peer April 19, 2017

Rural Economic Development and Infrastructure in Appalachia

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www.arc.gov

Appalachian Regional Commission

▪ Mission

Innovate, partner, and invest to build community capacity and strengthen economic growth in Appalachia

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www.arc.gov

About ARC

▪ Special state-federal regional partnership ▪ Created 1965, 13 member states, 420 counties ▪ Federal Co-Chair and States’ Co-Chair ▪ 13 member states collectively have co-equal power with the Federal Co-Chair ▪ Funds targeted to address disparity between the region and rest of the country

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www.arc.gov

ARC Funding 2017

▪ $70 million base level funding to all 13 states ▪ $50 million POWER Initiative (Partnerships for Opportunity and Workforce and Economic Revitalization). Targeted to coal impacted counties in the region.

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www.arc.gov

ARC Strategic Plan

▪ Five- Year Strategic Plan 2016-2020 ▪ Strategic Investment Goals: *Economic Opportunities *Ready Workforce *Critical Infrastructure *Natural and Cultural Assets *Leadership and Community Capacity

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www.arc.gov

Program Design- Base Level Funds

▪ Funding allocated to all 13 states based on formula ▪ Number of counties in region ▪ Economic status of counties ▪ Program divided into Area Development ($51 million) and Distressed Counties ($19 million) ▪ Each state responsible for development of application submissions to ARC

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www.arc.gov

Special Funding Allocations

▪ POWER Initiative $50 million ▪ Southern Appalachia Automotive Sector ▪ High-speed broadband development

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www.arc.gov

Base-level Funded Projects

▪ Asset-based development; ▪ Community infrastructure; ▪ Education and training; ▪ Energy; ▪ Entrepreneurship and business development; ▪ Export and trade development; ▪ Health

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www.arc.gov

Base-level Funded Projects- con’t.

▪ Leadership development and capacity building; ▪ Telecommunications; ▪ Tourism development; and ▪ Transportation and highways.

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www.arc.gov

Funding Priorities- POWER Program

▪ Building a competitive workforce ▪ Enhancing access to and use of broadband services ▪ Fostering entrepreneurial activities ▪ Developing industry clusters in communities

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www.arc.gov

POWER Project Awards

Projects focused on technology, manufacturing, entrepreneurship, broadband, healthcare, workforce, tourism and downtown revitalization. Awardees included local communities, non-profits, community colleges, technical colleges, universities and workforce development councils.

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www.arc.gov

Public and Private Resources

▪ ARC very limited financial assistance. Projects require other resources such as federal, state and local public funds. Examples include USDA, EPA, Brownfield , Energy, Labor, Health, Education and Transportation. ▪ Private funds include banks, CDFIs, foundations, local donations and private companies. ▪ Partnerships with local organizations, private companies, schools, foundations and individuals are critical to project development.

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www.arc.gov

Best Practices

▪ Build relationships with state and local officials, local development districts, funding partners and other

  • rganizations that may be of assistance in the

development of your proposal. ▪ Work with the appropriate ARC State Alternate and State Program Manager as you work on proposals. ▪ Examples of ARC funded projects can be found on the Appalachian Regional Commission Website.

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www.arc.gov

ARC Contact Information

Karen Fabiano Division of Community Investment 202-884-7759 kfabiano@arc.gov www.arc.gov