09/17/2021 | Press release | Distributed by Public on 09/17/2021 10:42
WASHINGTON, D.C. - Today, U.S. Senators Mark R. Warner and Tim Kaine applauded $2,549,875 in federal funding from the Appalachian Regional Commission (ARC) for communities in Southwest Virginia. The funding, awarded through ARC's POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative, will go toward three projects in the region to help spur economic diversification.
'We're proud to see these federal dollars help fund vital economic diversification projects for Virginia's communities,' said the Senators. 'It's important to ensure no community is left behind and workers have access to good-paying, in-demand jobs. As we continue to build back from the impacts of COVID-19, we will continue supporting policies and investments that improve the lives of all Virginians.'
The funding will be awarded as below:
ARC is an economic development agency of the federal government and 13 state governments, including Virginia, with a mission to innovate, partner, and invest to build community capacity and strengthen economic growth in Appalachia and help the region achieve socioeconomic parity with the nation. ARC's POWER Initiative targets federal resources to help communities and regions that have been affected by job losses in coal mining, coal power plant operations, and coal-related supply chain industries due to the changing economics of America's energy production.