Applications are now open for Opportunity Appalachia, a regional initiative (WV, OH, and VA) to encourage Opportunity Zone investment in Central Appalachian communities. The initiative is recognized by Forbes as one of the top 20 catalysts in the nation for “sparking the equitable revitalization of distressed communities identified as Opportunity Zones.”
Up to 5 West Virginia-based communities, projects, and/or developers located in Opportunity Zones will receive technical assistance resources averaging $50,000 (each) to develop community strategies and structure investable transactions, create prospectus and pitch decks targeting Opportunity Fund investors, and other services. There are 55 areas located across West Virginia designated as Opportunity Zones.
Appalachian Community Capital is the Opportunity Appalachia program manager. The New River Gorge Regional Development Authority and West Virginia Community Development Hub are the lead state partners administering the program in West Virginia.
Access Opportunity Appalachia
For more information about the Opportunity Appalachia initiative, to view an interactive map of designated Opportunity Zones in West Virginia, and to access the program application, visit: http://appalachiancommunitycapitalcdfi.org/oa-program/.
Applications are due March 2, 2020 at 5:00 pm.
Support is available for West Virginians who are interested in applying to the Opportunity Appalachia program.
Any interested parties are encouraged to reach out to the WV Community Development Hub’s special projects coordinator Andrew Davis at email@example.com for more information.