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NY foundation invests $10M in Appalachian Community Capital
Appalachian Community Capital, a Christiansburg-based community development financial institution that provides capital for small businesses across the Appalachian region, will receive an additional $10 million investment in the form of a low-interest loan from the Ford Foundation, the New York-based nonprofit announced Wednesday. The Ford Foundation initially invested $3 million in ACC in 2015. A[...]
FOR THE RECORD
CENTRAL VIRGINIA AutoZone Inc. plans to build a $185.2 million warehouse and distribution center in New Kent County, creating 352 jobs, Gov. Glenn Youngkin announced in February. The 800,000-square-foot facility will serve as the auto parts company’s East Coast distribution operation. Based in Memphis, Tennessee, AutoZone has more than 6,000 stores nationwide and reported $14.6 […]
Va. projects get $2.5 million from Appalachian Regional Commission
The Appalachian Regional Commission’s Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative is granting three Virginia projects a total of $2.5 million, Gov. Ralph Northam announced Tuesday. “As our economy recovers from the impacts of COVID-19, it is critical to invest in Appalachia,” Northam said in a statement. “ARC’s POWER initiative will c[...]
Northam named Appalachian Regional Commission states’ co-chair
The Appalachian Regional Commission announced Wednesday its 13 governors have elected Gov. Ralph Northam to serve as ARC’s states’ co-chair for 2021. As co-chair, Northam will work with the federal co-chair to invest in economic growth and development across the 13-state Appalachian region. In fiscal year 2020, ARC, a federal-state partnership, has invested $161.8 million […]
