Shaping Our Appalachian Region
Overview
Shaping Our Appalachian Region (SOAR) is a nonprofit organization dedicated to fostering economic growth and connectivity in the Appalachian region of Eastern Kentucky. Established in 2013, SOAR was created to address the economic challenges following the decline of the coal industry. Based in Pikeville, Kentucky, it serves 54 counties with initiatives promoting community engagement, economic diversification, and digital equity. The organization, founded as a collaborative effort involving local leaders and state officials, has been pivotal in revitalizing the region through various development programs.
Recent Developments
- October 2024: The 2024 SOAR Summit took place in Pikeville, Kentucky, attracting over 800 attendees. This event emphasized collaboration among local leaders and stakeholders to shape a brighter future for the region. Key projects announced at the summit included a $47 million investment for a STEAM academy in Paintsville and equipment training facilities.
- August 2024: The Biden-Harris administration, through the U.S. Department of Commerce's Economic Development Administration (EDA), awarded SOAR approximately $40 million as part of the Distressed Area Recompete Pilot Program. This funding aims to connect Eastern Kentucky residents to job opportunities and enhance workforce development in healthcare, energy, and tech sectors.
- April 2024: SOAR hosted its annual Gala in Prestonsburg, recognizing 14 individuals and organizations for their contributions to regional development. Awards highlighted achievements in various fields such as health, education, and community service.
- March 2024: SOAR collaborated with federal agencies to focus on renewable energy and infrastructure development in Appalachia. This initiative aligns with broader efforts to diversify the local economy and reduce reliance on coal.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2013 |
| Headquarters | Pikeville, Kentucky, USA |
| Founders | Collaborative effort involving local leaders and state officials |
| Revenue | N/A |
| Profits | N/A |
| Key Investors | U.S. Department of Commerce, Appalachian Regional Commission |
| Industry | Nonprofit, Economic Development |
| Number of Employees | 11-50 |
Early History
Shaping Our Appalachian Region (SOAR) was founded in 2013 as a response to the economic downturn in Eastern Kentucky driven by the decline of the coal industry. Recognizing the need for sustainable development, local leaders, in collaboration with state officials, established SOAR to spearhead initiatives focused on economic growth and population retention in the region. The foundation of SOAR centered around creating a strategic blueprint for the future, fostering regional collaboration, and deploying resources for community-led projects. This approach aimed to rejuvenate the regional economy by diversifying industries and enhancing opportunities for residents.
Company Profile and Achievements
SOAR has a multifaceted business model aimed at revitalizing Eastern Kentucky through diverse economic strategies. It focuses on four key pillars: digital inclusion, workforce development, small business support, and regional connectivity. This approach has led to significant achievements:
- Broadband Expansion: SOAR has played a critical role in advancing digital connectivity, enabling remote work opportunities and improving educational resources.
- Workforce Training Programs: By partnering with local educational institutions, SOAR facilitates workforce training, preparing residents for high-growth sectors such as healthcare and technology.
- Support for Local Businesses: Through initiatives like SOAR Innovation, the organization provides entrepreneurship training, funding opportunities, and business support services.
- Annual SOAR Summit: This flagship event brings together stakeholders from various sectors to discuss regional challenges and strategize on solutions.
Current Operations and Market Position
Today, SOAR operates as a central hub for economic development across Eastern Kentucky. Its initiatives have improved regional infrastructure and workforce readiness, making strides in technological advancements and educational outreach. With significant support from both federal and state agencies, SOAR continues to lead in digital inclusion projects, such as broadband expansions, which enhance economic opportunities and improve quality of life. By fostering innovation and community engagement, SOAR solidifies its position as a pillar of regional regeneration and economic stability.
Conclusion
Shaping Our Appalachian Region (SOAR) continues to be a transformative force in Eastern Kentucky's economic landscape. Through strategic investments and collaborative efforts, SOAR addresses systemic challenges and fosters sustainable growth. As the organization embarks on future projects, its pivotal role in community empowerment remains essential for revitalizing the Appalachian region's economy and culture.