Business View Civil & Municipal | July 2022

6 CIVIL AND MUNICIPAL VOLUME 3, ISSUE 7 IN OHIO by the Appalachian Regional Commission, the US Department of Treasury CDFI Fund, Truist, Goldman Sachs, and the Dogwood Health Trust. “Congratulations to the 34 project partners selected to participate in the 2022 Opportunity Appalachia program,” said ARC Federal Co-Chair Gayle Manchin. “This is an incredible example of what’s possible when we work together to make positive impacts in the region that will reverberate for generations. Thanks to Appalachian Community Capital and its many partners for spearheading this program to diversify and strengthen economies throughout Central Appalachia.” “We are thrilled to continue to bring much needed financial and technical resources to our region to help Appalachia secure investment in job creating businesses such as manufacturing, IT, agriculture, downtown development, healthcare, education, heritage tourism and recreation,” remarked Appalachian Community Capital (ACC) President & CEO Donna Gambrell. “We expect to strengthen or help establish over 230 businesses leading to the creation of more than 1,700 new jobs and generate private and public investments totaling nearly $177 million.” “We are pleased to be able to provide these funds for technical assistance to 10 Ohio projects. The support from Opportunity Appalachia will help these projects take important steps toward completion,” said Katy Farber, Vice President of OhioSE. “Thank you to the Appalachian Regional Commission, Appalachian Community Capital and other funders for supporting this impactful program.” Selected Projects in Ohio – Opportunity Appalachia • Black Diamond Development Company, LLC, Shawnee Renaissance, Shawnee, OH – Redevelopment of six existing downtown buildings for a total of 20,000 sq. ft. including the 120- year-old Shawnee Jail. One building will house the Black Diamond Brewery with vacation rentals located on the second floor. Additional buildings will house the Black Diamond Regional Visitors Bureau with a planned winery. The Jail and the upstairs of all buildings will be converted to housing, residential or vacation rentals. Estimated costs total $2 MM with anticipated job This is an incredible example of what’s possible when we work together to make positive impacts in the region that will reverberate for generations