Manchin and Capito Announce Community Development Funding for Iager

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IAGER, WV (WVNS) – Today it was announced that Pioneer Community Bank in Iaeger, WV will receive funding through the Community Development Financial Institutions Fund (CDFI Fund) of the United States Department of Treasury. United.

Shelly Moore Capito and Joe Manchin announced the funding earlier today, April 13, 2022. The funding comes from the CDFI fund, which was created to reinvest in economically distressed communities, generating new economic opportunities. The total amount of community development funding will be $170,699. Senators Capito and Manchin, both members of the Senate Appropriations Committee, commented on the funding granted.

“This funding will help strengthen Pioneer Community Bank in McDowell County, specifically improving access to capital for residents and small businesses. It is important that we continue to invest in the potential of our downtowns in West Virginia, and I look forward to the impact this funding will have on Iaeger.

Senator Shelley Moore Capito (R-WV)

“Investing in West Virginia communities creates well-paying jobs and drives economic growth in the region and throughout the Mountain State. I am delighted that the Treasury is investing in Pioneer Community Bank to boost its business and create new opportunities at Iaeger, and I look forward to seeing the positive impacts of this funding. As a member of the Senate Appropriations Committee, I will continue to advocate for funding that supports West Virginia communities and our economy.

Senator Joe Manchin (D-WV)

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