Projects in several Virginia and West Virginia counties and cities have been selected to share $155,000 in economic development grants from Appalachian Power. The awards announced last week are part of Appalachian Power’s efforts to promote economic growth in the company’s service territory.
Economic development officials from across I&M’s service footprint met with a number of I&M representatives to discuss the area’s economic development opportunities and challenges and brainstorm ways to be more competitive in the global marketplace.
Indiana Michigan Power (I&M) has established a true commitment to economic development. In a partnership that began in 2012, I&M teamed up with regional and local banks to develop a senior unsecured term loan supporting infrastructure development to impact developments all over Indiana and Michigan.
Kentucky Power has awarded $200,000 in economic development grants to groups impacting five Eastern Kentucky communities.