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Displaying 1 - 9 of 9
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ARC awards nearly $21 million to revitalize coal-impacted communities; projects support innovation

Thursday, March 17, 2022

Today the Appalachian Regional Commission (ARC) awarded nearly $21 million for 21 projects impacting 211 counties through its POWER (Partnerships for Opportunity and Workforce and Economic Revital

  • Read more about ARC awards nearly $21 million to revitalize coal-impacted communities; projects support innovation

$46.4 million announced for 57 new POWER grants

Thursday, September 23, 2021

The Appalachian Regional Commission (ARC) recently announced its largest POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) grant package to date, investing nearly $46.4 million into 57 projects across 184 counties. The award aims to leverage entrepreneurship, workforce development, and infrastructure to bolster re-employment opportunities, create jobs in existing or new industries, and attract new sources of investment.

  • Read more about $46.4 million announced for 57 new POWER grants

ARC POWER Initiative awards $47 million to diversify Appalachian economies

Thursday, October 20, 2022

The Appalachian Regional Commission (ARC) recently announced its largest POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative funding package. This funding package awards nearly $47 million to 52 projects in 181 counties to support economic diversification and mitigate job losses from coal-related industries in Appalachian communities. 

  • Read more about ARC POWER Initiative awards $47 million to diversify Appalachian economies

ARC launches $73.5 million grant initiative to grow regional economies in Appalachia

Thursday, August 25, 2022

A new $73.5 million grant opportunity using funding from the Bipartisan Infrastructure Law is aimed at growing and supporting the development of new economic opportunities across multiple states in Appalachia.

  • Read more about ARC launches $73.5 million grant initiative to grow regional economies in Appalachia

Appalachian Regional Commission releases new strategic plan for 2022-2026

Thursday, January 20, 2022

Building on takeaways from Appalachian stakeholders that included a preference to grow their own jobs through entrepreneurship and small business development rather than the traditional approach of business recruitment and new job creation, the Appalachian Regional Commission (ARC) developed a four-year strategic plan.  The Appalachia Envisioned: A New Era of Opportunity plan sets strategic investment goals and objectives to build Appalachian businesses, workforce, infrastructure, culture and tourism, and community leaders.   

  • Read more about Appalachian Regional Commission releases new strategic plan for 2022-2026

ARC strategic plan provides roadmap to accelerate economic growth

Thursday, October 7, 2021

A new strategic plan for the Appalachian region reaffirms the Appalachian Regional Commission’s (ARC) primary investment goals emphasizing economic development. It benefits from insights gathered from more than 1,800 stakeholders and is built on multistate and regional collaboration.

  • Read more about ARC strategic plan provides roadmap to accelerate economic growth

Reports outline strategy for heart of Appalachia to benefit from clean energy

Thursday, March 18, 2021

While the Appalachian region began the 21st century by expanding the reaches of its fossil fuel industries, clean energy development and carbon emission reductions are not yet out of reach for Pennsylvania, Ohio and West Virginia. A set of reports developed by the University of Massachusetts’ Political Economy Research Institute (PERI) present opportunities available to these states for the advancement of clean energy technologies within the region while also detailing the economic and employment benefits of potential climate stabilization programs.

  • Read more about Reports outline strategy for heart of Appalachia to benefit from clean energy

Input sought on Appalachia’s economic future

Thursday, March 11, 2021

The Appalachian Regional Commission (ARC) is seeking public input to help identify critical opportunities and challenges facing Appalachia’s economic future through a series of virtual sessions taking place in April. ARC will use the insights gathered from these public sessions in the development of a strategic plan to inform investment priorities for fiscal years 2022-2026. Sessions are free, but pre-registration is required.

  • Read more about Input sought on Appalachia’s economic future

Fracking industry failing to contribute to broader regional growth in Appalachia, study finds

Thursday, February 18, 2021

While natural gas production has continued to expand throughout the Appalachian region, the surrounding communities have yet to experience the economic and social benefits that were initially seen as surefire byproducts of the natural gas industry’s growing footprint within the area, according to a new report.

  • Read more about Fracking industry failing to contribute to broader regional growth in Appalachia, study finds

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Recent news from the SSTI Digest

Recent Research: What makes place-based economic development policies work?

Wednesday, September 9, 2026
Place-based economic development is back near the center of federal policy, from Opportunity Zones to the CHIPS and Science Act. That renewed attention comes with a familiar problem: decades of enterprise zones, tax incentives, infrastructure investments, and other geographically targeted programs have produced results that are hard to summarize cleanly. In a new NBER working paper, Matthew Freedman and David Neumark ask the better question: not simply whether or not these policies work, but under what conditions they might work, for whom, and why. Their review points to a practical conclusion: policy design matters and targeting a distressed community with development-focused financial incentives is rarely enough on its own.
economic development

A BBBRC grant builds momentum for a highly trained semiconductor workforce

Wednesday, September 9, 2026
For the civic leaders of Osceola County, the Great Recession of 2008 made clear that they could not base their economy so heavily on travel and tourism. By the time COVID-19 hit in 2020, they knew the steps they had taken to diversify their economy were the right ones. When the Build Back Better Regional Challenge (BBBRC) opportunity arose in 2021, the county and its partners were well-positioned to operationalize the benefits the grant presented to the region and create a trained workforce for a recently attracted semiconductor industry. How did Osceola County get here? There are potential approaches to emulate by more areas of the county dependent on low-wage sectors like tourism or, for that matter, extraction-focused regions subject to “boom and bust.” 
semiconductors
workforce

The impact of tax incentives on early-stage company investment varies

Wednesday, September 9, 2026
One persistent question in economic development policy is how incentives impact private sector investment decisions. Recent and ongoing research from Murillo Campello and Guilherme Junqueira of the University of Florida, published in the National Bureau of Economic Research working paper series, explores the impact of the Qualified Small Business Stock (QSBS) program on venture capital risk-taking. The researchers found that the availability of QSBS tax benefits strongly influences venture capital investment behavior, specifically in traditionally structured venture capital funds. They also found no similar behavior among angel or corporate investors, an insight that may hold important program design and policy lessons for the TBED community. 
tax incentives
investing
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