Funding will support economic development and job growth in Southwest Virginia
WASHINGTON, D.C. – Today, U.S. Senators Mark R. Warner and Tim Kaine (both D-VA) announced $2,069,443 in federal funding to boost economic development across Southwest Virginia. The funding was awarded by the Appalachian Regional Commission (ARC)’s Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative, which provides funding 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.
“We’re glad this funding will continue to create new jobs and spur economic development in communities across Southwest Virginia,” said the senators. “These investments will help ensure that rural communities have the infrastructure to bring new opportunities to the region.”
The funding is broken down as follows:
Warner and Kaine have long supported efforts to boost economic development in Southwest Virginia, including through strong support of ARC, an economic development agency of the federal government and 13 state governments that innovates and invests to build community capacity and strengthen economic growth in 423 counties across the Appalachian region. The draft of the Fiscal Year 2025 government funding package, which the senators are working to pass, includes $200 million for ARC.
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