Economic development grants selected

(The Center Square) — The Virginia Department of Housing and Community Development and Gov. Glenn Youngkin has chosen 16 projects to support with this year’s Appalachian Regional Commission grant funding of $7.3 million.

The Appalachian Regional Commission was established in 1965 to boost economic development in an impoverished area of the country. Through the commission, federal, state and local governments work together to identify projects for funding to “transform Appalachian communities, create jobs and strengthen the regional economy.” Virginia’s ARC region includes 25 counties and eight independent cities in Southwest Virginia.

This year’s ARC dollars go toward various projects that develop community infrastructure, beautify an area or invest in the arts.

ARC funding between this year and last will have contributed close to $6.8 million to improvements to waterlines, water systems and wastewater treatment services; at least $3.8 million to restoration and recreation projects; $1.4 million on broadband expansion; and over $1 million to economic development authorities and spaces.

The Center Square spoke to Derrick Max from the commonwealth’s Thomas Jefferson Institute for Public Policy and John Mozena of The Center for Economic Accountability about the proposed 2023 ARC endeavors.

- Advertisement -

“From an economic development perspective, some of these grants seem to make a certain amount of sense,” Mozena said. “Others, less so. For instance, we know that basic infrastructure quality is a critical issue for business site selectors, so something like the wastewater treatment plant or water line replacement projects have the potential to pay economic as well as public health dividends down the road.”

Max had a similar perspective.

“I’m sure every one of those projects has merit and worth. What I would question is, is this the most effective way to help people in Appalachia?” Max said.

Max noted that when the program started in the sixties, Appalachia was in a much worse position than it is today. But he’s skeptical of what was “originally designed as an aid program, but now is also an arts program and an infrastructure program and an education program.”

“It seems like an ineffective and inefficient way to aid this region when the reason for such a program has changed dramatically over the years, yet the program has stayed the same,” Max said.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Trump’s Approval Rating Falls to 42%, Reuters/Ipsos Poll Finds

(AURN News) — President Donald Trump’s approval rating has...

Wisconsin Assembly passes wave of unemployment reforms

(The Center Square) – The Wisconsin Assembly passed a...

WA House Finance Committee gives do-pass recommendation to three tax bills

(The Center Square) – With the session winding down,...

WATCH: Shapiro won’t ‘live in fear’ after mansion firebombing

(The Center Square) – Nine days after an arsonist...

Bill: Oversight on rules generated by executive branch would be increased

(The Center Square) – Increased oversight of making rules...

Shreveport Council approves resolution supporting four bills

(The Center Square) — A recent vote on two...

CA drug spending doubled due to weight loss drugs, illegal immigrants

(The Center Square) - The California Legislative Analyst’s Office...

More like this
Related

Trump’s Approval Rating Falls to 42%, Reuters/Ipsos Poll Finds

(AURN News) — President Donald Trump’s approval rating has...

Wisconsin Assembly passes wave of unemployment reforms

(The Center Square) – The Wisconsin Assembly passed a...

WA House Finance Committee gives do-pass recommendation to three tax bills

(The Center Square) – With the session winding down,...

WATCH: Shapiro won’t ‘live in fear’ after mansion firebombing

(The Center Square) – Nine days after an arsonist...