Access to capital
Ended Project Grant Awarded Last action
- Award ID
- ARC23C21481
- Recipient
-
Appalachian Community Capital Corporation UEI PH2LMVJXK7K6
- Awarding agency
- Appalachian Regional Commission
- Obligated
- $2,839,600
Award facts
- Assistance listing
- 23.002 Appalachian Area Development
- Completion date
- Funding
-
- $1,499,850.00 Federal
- $1,339,750.00 Non-federal
- Place of performance
- United States
Award details come from USAspending.gov.
About this award
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.
Quick answers
Who received award ARC23C21481?
ARC23C21481 was awarded to Appalachian Community Capital Corporation by Appalachian Regional Commission on October 1, 2023.
How much is award ARC23C21481 worth?
$2,839,600 has been obligated on ARC23C21481: $1,499,850 in federal funding and $1,339,750 in non-federal funding.
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