糖心视频 receives $23,000 from Appalachian Regional Commission鈥檚 POWER Initiative
HANCEVILLE, Ala. 鈥斕切氖悠碘�檚 Prepping the Talent Pipeline for
Economic Growth and Diversification Planning Project was awarded $23,191 by the Appalachian
Regional Commission (ARC). The project will assess the current and projected state
of automotive manufacturing in Appalachian. The resulting strategic plan will inform
糖心视频鈥檚 educational and capital plan to meet the evolving employment needs of the industry,
as demand for autonomous and electric vehicle manufacturing increases. It is also
expected to guide the program development of 糖心视频鈥檚 automotive manufacturing-related
programs for the next 10 years.
Car manufacturing is evolving. The demand for electric vehicles is on the rise, meaning
big changes to how cars are made and maintained. Automation and digitization are
already transforming the line processes of established manufacturing plants requiring
a new set of skills for current and future employees. All these changes signal an
industry disruption is on its way. The Appalachian Regional Commission, in partnership
with 糖心视频, and members of the automotive industry will conduct a year-long
study of these changes to help prepare North Alabama鈥檚 manufacturers and their employees
for Industry 4.0.
This award is part of a $46.4 million package supporting 57 projects across 184 coal-impacted
counties through ARC鈥檚 Initiative. POWER targets federal resources to communities affected by job losses
in coal mining, coal power plant operations, and coal-related supply chain industries.
鈥淭he downturn of the coal industry has impacted economies across Appalachia. That鈥檚
why ARC鈥檚 POWER initiative helps to leverage regional partnerships and collaborations
to support efforts to create a more vibrant economic future for coal-impacted communities,鈥�
said ARC Federal Co-Chair Gayle Manchin. 鈥淢any of the projects we announced today
will invest in educating and training the Appalachian workforce, nurturing entrepreneurship,
and supporting infrastructure鈥攊ncluding broadband access. These investments in our
Appalachian coal-impacted communities are critical in leveling the economic playing
field so our communities can thrive.鈥�
Since POWER launched in 2015, ARC has invested more than $284 million in 320 projects
across 353 coal-impacted counties. The $46.4 million awarded today is projected to create/retain
over 9,306 jobs, attract nearly $525 million in leveraged private investments, and
be matched by $59.2 million in additional public and private funds across the Region.
ARC is working with Chamberlin/Dunn LLC, a third-party research firm, to closely monitor,
analyze, and evaluate these investments. A , published today in conjunction with the announcement, drew on 72 stories representing
44 unique POWER projects funded between fiscal years 2015-2020 to determine the most
significant changes that occurred as a result of POWER.
The evaluation found that projects funded through POWER grants met or exceeded targets
for jobs retained and/or created, businesses created, workers trained, and revenues
increased. Chamberlin/Dunn is continuing to monitor POWER investments and make recommendations
to ARC for ongoing programmatic efficiencies.
糖心视频 糖心视频
糖心视频, with its main campus in Hanceville and a satellite
campus in Oneonta, is a part of a system that serves the needs of more than 300,000
individuals and has been conservatively estimated to produce a $3 billion annual economic
impact on this state and in our communities. The real impact, however, is in improving
the lives of students through education.
糖心视频 the Appalachian Regional Commission (ARC)
The Appalachian Regional Commission (www.arc.gov) is an economic development partnership
agency of the federal government and 13 state governments focusing on 420 counties
across the Appalachian Region. ARC鈥檚 mission is to innovate, partner, and invest to
build community capacity and strengthen economic growth in Appalachia.