We believe in new economic opportunities for Central Appalachia. Healthy, resilient, and equitable communities are possible across the region. We see the region’s unique cultural, environmental, and human assets as the foundation for sustainable economies that create broadly shared local wealth. Mission-oriented investors, entrepreneurs, community organizations, and local leaders must work together to advance lasting and inclusive economic opportunity. We all have a role to play in a brighter future, and partnership is the pathway to get there.
Invest Appalachia changes the relationship between communities and capital. We are committed to outcomes and processes that embody our values: Participatory, Accessible, Transparent & Democratic, Equitable, Self-Reliant.
Our investments are targeted to drive outcomes including racial and socioeconomic equity, local wealth-building, sustainability, climate resilience, and community health. Our goal is to expand access to investment and opportunity that diversifies local economies and builds wealth among underserved populations. We are committed to a strategy that takes the best principles of impact investing and catalytic capital and makes them work for Central Appalachia, an area of the country where investment has historically been extractive, inequitable, or nonexistent.
Invest Appalachia was born out of a series of conversations and deep collaboration to identify new pathways to drive investment into a region where capital historically does not flow into communities.
Regional foundations, federal agencies, national experts, academics, social entrepreneurs, community development professionals, lenders, and researchers begin meeting to map the region’s investment ecosystem + identify obstacles and pinch points preventing larger-scale investment
Collaborative research, data analysis, and identification of needed capacities and capital tools
Task team forms to design interventions that will improve the region’s ability to attract and absorb investment
Task team converges on a central concept - a new financial intermediary that blends grants and financing to enhance existing investment networks and infrastructure + build capacity along the way
Stakeholders form transition team to select a regionally representative board and file to create a new organization - Invest Appalachia.
Board members conduct a nationally competitive hiring process and hire Andrew Crosson as CEO.
IA board and CEO navigate turmoil of the COVID-19 pandemic’s health and economic tolls, uprisings for racial justice, and political unrest, while building out committees and establishing governance policies
IA selects LOCUS Impact Investing to be the Investment Manager for the future Invest Appalachia Fund
IA and LOCUS staff collaborate with regional CDFI leaders to guide the development of IA’s investment and credit policies, Fund formation and fundraising materials, financial modeling and products, stakeholder engagement, and pipeline approach
IA Fund Investment Committee and IA Community Advisory Council are formalized to guide and ground Invest Appalachia’s work
New staff and contractors help to build up the organization's internal capacity, programs, and operations
Structuring and fundraising for the IA Fund continues, with a First Close of $18.95 Million in investor commitments in November 2022
Initial funding is deployed from the Catalytic Capital Fund
Initial investment is deployed from the Invest Appalachia Fund, LLC
Ongoing blended investment from IA Fund and Catalytic Capital continues
IA Fund has it’s Final Close with $35.5 Million in total investor commitments
Are you a prospective borrower? Are you a lender or financial intermediary looking for co-investment, loan participations, or capital for re-lending? We want to hear about your ideas to build inclusive wealth in Central Appalachia.
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Made with ❤ in WV by Hersick + Webster
Invest Appalachia’s staff and operations have been directly impacted by Hurricane Helene’s devastation. Thanks for your understanding with any delays in normal communications.
We are headquartered in Western NC, and involved in local recovery efforts as well as investment strategies to rebuild for long-term resilience and equity. Any financial contributions to Invest Appalachia will go directly to recovery and rebuilding efforts in impacted communities.
