The Appalachian Regional Commission (ARC) and the U.S. Economic Development Administration (EDA) announced the availability of $65.8 million through the Obama Administration’s Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative to develop new strategies for economic growth and worker advancement for communities that have historically relied on the coal economy for economic stability. With this announcement, communities and regions that have been negatively impacted by changes in the coal economy — including mining, coal fired power plants and related transportation, logistics and manufacturing supply chains — can apply for resources to help strengthen their economies and workforces. Funds are available for a range of activities, including:
- Developing projects that diversify local and regional economies, create jobs in new and/or existing industries, attract new sources of job-creating investment and provide a range of workforce services and skills training;
- Building partnerships to attract and invest in the economic future of coal-impacted communities;
- Increasing capacity and other technical assistance fostering long term economic growth and opportunity in coal-impacted communities.
For more information please visit: https://www.eda.gov/news/press-releases/2016/03/17/power.htm