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Pennsylvania Appalachian Capital Alliance

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Nonprofit Overview

Causes: Community & Neighborhood Development, Community Improvement & Capacity Building, Economic Development, Financial Institutions, Microfinance, Rural Economic Development

Mission: The Pennsylvania Appalachian Capital Alliance (PAACA)PAACA was founded in 1999 as a result of efforts undertaken by the Appalachian Regional Commission (ARC), locally based economic development and planning agencies, and community-service volunteers to advance enterprise investment development in Pennsylvania's 52 Appalachian county region and by so doing, to create jobs in distressed communities and provide people with access to goods and services that had long been out of reach. After securing start up funds and initial lending capital from philanthropic investors, the ARC, and Pennsylvania's state supported Community Development Bank, PAACAs founders established the organization as a CDFI and started up an Appalachian Enterprise Development Loan Program to help business owners and entrepreneurs expand or start up new businesses. The organization also conducts an Individual Development of Assets program called the Appalachian Family Savings Account program and provides technical assistance and advisement to low income people wishing to start microenterprises or small businesses or to business operators that wish to create jobs for low income, unemployed or underemployed workers.

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