View this WV Hive story on The Register-Herald
Several organizations in a 21-county region in West Virginia are looking to obtain millions in federal funding to implement a coordinated economic development strategy in southern West Virginia.
Headed by the recently formed Appalachian Climate Technologies (ACT) Now Coalition, the group boasts that it will create 3,000 direct full-time and 15,000 indirect jobs, create 150 new businesses, expand 250 existing businesses and leverage upward of $250 million in private sector investment in designated climate technology sectors.
One local partner on this project which has already made a name for itself with its entrepreneurial coaching and technical assistance programs is WV Hive, which is also associated with the New River Gorge Regional Development Authority.
Included as one of eight projects the ACT Now Coalition plans to tackle, WV Hive is pursuing $3 million in federal funding in order to provide a new service to the businesses and entrepreneurs it serves. Incorporated in the $3 million project is a required 20 percent match.
The new initiative will be focused on providing targeted services on green business practices; new business development opportunities in the climate, technology and energy sectors; and group-based technical assistance in targeted growth sectors for the region.
In partnership with a counterpart in the western part of the state called Advantage Valley, which provides mirrored services of WV Hive, the program is part of the ACT Now Coalition’s WV Community and Business Resilience Initiative, which has a total budget of $11 million.
According to information provided by WV Hive Executive Director Judy Moore, the WV Community and Business Resilience Initiative will support the creation of 100 new businesses, the expansion of 450 current businesses and the creation of 250 new jobs in the southern West Virginia coalfields.
With projections like that, Moore said it’s hard not to be excited about the program.
“This will add another layer of services that fits right in to the work that we already do,” Moore said.
WV Hive was created in 2017 and has served more than 300 businesses, been instrumental in the startup of 49 new businesses and helped to create 161.5 new jobs, according to statistics Moore gave in November during an economic summit.
Moore said this intitaive, coupled with the seven other major initiatives the ACT Now Coalition plans to tackle, will go a long way in filling the gap left in many southern West Virginia communities following the decline in coal.
“We know that there has to be other energy sources out there, not to replace coal, but to supplement where the coal used to be and is no longer there providing the number of jobs that it did, especially in southern West Virginia,” she said. “…There have been many families devastated because the jobs they had built their whole livelihood around just disappeared. This initiative will help bring back jobs that will be good-paying jobs, that are not reliant upon the coal industry.”