Project Grant ARC23C21481

The Appalachian Community Capital Corporation (ACCC) received a $2,839,600 Project Grant award from the Appalachian Regional Commission (ARC) under the Appalachian Area Development program (CFDA 23.002). The grant will fund ACCC's efforts to increase access to capital and provide financial assistance, technical support, and entrepreneurial development services for small businesses, including minority and women-owned enterprises, located in underserved communities across the Appalachian region. Key initiatives include increasing lending and investments in low-to-moderate income areas impacted by the COVID-19 pandemic, building organizational capacity for economic revitalization, facilitating job creation and business growth, and delivering targeted assistance to minority and women entrepreneurs. As a certified Community Development Financial Institution (CDFI), ACCC leverages partnerships with federal agencies to deploy grant funding to address unmet capital needs and drive community development in distressed Appalachian counties.