Opportunity Appalachia

Bringing Opportunity Zone investment to Central Appalachian coal-impacted communities, creating new jobs and businesses that support sustainable growth.

Program Archive

Information on program activities including outreach meetings, application and selection, Technical Assistance RFQ process, and Investor Convening.

Program Participation (2022)

To participate in Opportunity Appalachia and receive technical assistance for project prospectus development and support for capital raising, we encourage you to:

  • Join the informational webinar, January 2022. See Webinar information below
  • Attend state outreach events in North Carolina, Ohio, Tennessee, Virginia, and West Virginia, to be held February 2022. See dates and venues below.
  • Submit the Opportunity Appalachia application to participate, see below for the link to the application and submission dates. It is anticipated that 15 communities/projects/businesses will be selected to participate in the Opportunity Appalachia program. If you have questions about the application, please contact the lead state partner in your state, see below.

Opportunity Appalachia welcomes applications targeting one community and welcomes applications targeting several communities/counties that have compatible development strategies. Opportunity Appalachia will review applications with one or more projects identified for investment.

APPLICATION FOR PARTICIPATION (PDF) – Coming February 2022

Application Deadline: TBD
Applications must be submitted via the Online Application Form to be considered for program support.

 

Provision of Technical Assistance (2020/2021)

The types of technical support to be provided by the Opportunity Appalachia program include:

  • development of investment prospectus, preparation of pro forma financial projections, structuring of projecting financing,
  • market research
  • demand assessment, operations planning, identification of project developers business operators, outreach for project finance
  • outreach to OZ investors
  • other types of assistance.

This support will be provided on contract by experienced business and development partners. It is anticipated that support of $30,000 – $75,000 will be provided for each applicant, averaging $50,000 per applicant.

Entities interested in providing Technical Assistance must complete the Request for Qualifications RFQ, below. (RFQ applications are now closed)

State Outreach Meetings (2022)

To learn more about the Opportunity Appalachia program, please attend a session.

Program Launch Webinar

January xx, 2022  TBD xx – xx pm

Appalachian Regional Commission Federal Co-Chair Gayle Manchin and Federal Reserve Bank of Richmond President Tom Barkin (invited) will open this Webinar, which will provide an overview of the Opportunity Appalachia program and present how your community and project can participate.

Webinar Slide Deck

West Virginia

February xx TBD

Location TBD

Registration and Agendas will be available shortly for these State Outreach and Information Meetings.

PROGRAM AGENDA PROGRAM PRESENTATIONS

Program Agenda Program Presentations

Ohio

February xx TBD

Location TBD

Registration and Agendas will be available shortly for these State Outreach and Information Meetings.

John Carey, Director – Governor’s Office of Appalachia has been invited to open the program.

Program Agenda (with links to presentations)

Virginia

February xx TBD

Location TBD

Registration and Agendas will be available shortly for these State Outreach and Information Meetings.

Erik Johnston, Director – Virginia Department of Housing and Community Development has been invited to open the program.

Program Agenda Program Presentations

North Carolina

February xx TBD

Location TBD

Registration and Agendas will be available shortly for these State Outreach and Information Meetings.

XXX NC Department of Commerce has been invited to open the program.

Program Agenda Program Presentations

Tennessee

February xx TBD

Location TBD

Registration and Agendas will be available shortly for these State Outreach and Information Meetings.

XXX has been invited to open the program.

Program Agenda Program Presentations

INVESTOR CONVENING / CAPITAL RAISE

Opportunity Appalachia investor outreach has occurred through both an OZ Investor Convening February 23-24, 2021, and outreach and support from the Steering Committee and Technical Assistance providers.  The highly visible Investor Convening was held to highlight OZ communities and related investable transactions.  Pre-vetted National Impact investors and Opportunity Funds (QOFs) with compatible interests were invited to attend, a curated web-based platform hosting prospectus / pitch decks was available to assist investors pre-event, and the event included pitches from investment-ready OZ communities.

TA providers and the Steering Committee also leveraged their local and national relationships to introduce promising community transactions to vetted and interested investors.  These outreach and placement efforts involve support for introductory meetings and if possible, site visits.

More information on the Investor Convening, February 23 – 24, 2021 here.

This program is supported by grants from