Posted: Oct 27, 2016
Randolph County Development Authority Receives Second POWER Award
Coalfield communities in West Virginia and around the country received millions of dollars on Wednesday, as part of the second round of grants under President Barack Obama’s POWER Initiative. The program is designed to help communities that are hard-hit by the decline of the coal industry.
$90,000 was awarded to the Randolph County Development Authority in Elkins to promote and expand the hardwood industry cluster, in partnership with the Hardwood Alliance Zone. This award is the second POWER funding received this year, with the first grant awarded in August totaling $1,822,500 (a $1,200,000 EDA grant and a $622,500 ARC grant) to expand a major cabinet manufacturer’s operation by enabling the doubling of its current production rate due to a new national contract – thereby creating 45 new jobs and adding $2,500,000 in annual wages to the regional economy. In addition, the award will strengthen the Hardwood Alliance Zone – a nine-county region in Central West Virginia containing a cluster of hardwood businesses. Region VII PDC was instrumental in obtaining both awards by providing the Development Authority with grant writing and project development services.
In August, West Virginia programs and communities received more than $16 million as part of the first round of grants — nearly 40 percent of the money given out. This time around, West Virginia projects got more than $5.6 million, of nearly $28 million distributed. The grants are administered by the Appalachian Regional Commission and the U.S. Department of Commerce’s Economic Development Administration.
For a complete list of second-round awards, please visit: https://www.whitehouse.gov/the-press-office/2016/10/26/fact-sheet-administration-announces-additional-economic-and-workforce