December 26th, 2023 by WCBC Radio

A new report from the Appalachian Regional Commission shows investments in business development projects facilitated the creation or retainment of over 29,000 jobs and the establishment of 1,944 new businesses in the Appalachian region. Additionally, ARC’s business development grant projects attracted $923 million in private investment to the region, resulting in increased economic opportunity for its 26.3 million residents. Eighty-five percent of grant projects reported as being entirely or mostly successful, and 66% of projects have continued beyond the close of their grant, demonstrating sustainability and continuing impact.