Mayland does not receive POWER Grant
BAKERSVILLE – The Mitchell County Economic Development Commission Board of Directors met Friday, July 27, and was informed by member and Mayland Community College President Dr. John Boyd the school did not receive the POWER Grant for which it applied.
The more than $1 million grant was going to be used for Mayland’s Resource Center for Entrepreneurs if awarded.
The Partnerships for Opportunity and Workforce and Economic Revitalization, or POWER, grant is a congressionally funded initiative administered through the Appalachian Regional Commission.
“I’m pretty disappointed we didn’t get it,” Boyd said. “It was a sound grant, but the feedback is we just asked for too much.”
The grant instead was awarded to Mountain BizWorks, an Asheville-based nonprofit that helps local small businesses start, grow and create jobs through loans, classes and coaching.
“To give an agency money that can go to the USDA and borrow at 1 percent makes no sense to me,” Boyd said. “I don’t understand that. The money is going to where the money is, not where it is needed.”
EDC Board Chair Keith Holtsclaw said he agrees with Boyd that not getting the grant is disappointing.
“The intent (of the grant) is to spread money throughout the region,” Holtsclaw said. “We will just move on and prepare for other opportunities.”