West Virginia’s highest priority is meeting your company’s needs by providing aggressive development assistance in the form of tax credits and financing programs. This development assistance can reduce startup and operating costs and provide for enhanced productivity.
Banks and lending agencies in the HAZ region are familiar with the capital needs of the forest products industry, given the high concentration of wood-based businesses in the region. Economic development through local investment is a key ingredient to the success of many wood product companies in the region.
ASSISTANCE INCENTIVES & PROGRAMS
This is just a sampling of some of the programs and tools that we have available to help your business locate or expand in the West Virginia Hardwood Alliance Zone.
DIRECT LOAN PROGRAMS
Can provide up to 45 percent in financing fixed assets by providing low-interest, direct loans to expanding state businesses and firms locating in West Virginia
A loan insurance program through participating commercial banks to assist firms that cannot obtain conventional bank financing
INDUSTRIAL REVENUE BONDS
Customized financing through federal tax-exempt industrial revenue bonds
WEST VIRGINIA INFRASTRUCTURE & JOBS DEVELOPMENT COUNCIL
Financial assistance to public utilities, county development authorities and private companies for infrastructure improvements to support economic development projects
Developed with industry in mind, West Virginia’s tax credits help increase your bottom line.
WEST VIRGINIA JOBS INVESTMENT TRUST
A public venture capital fund created to develop, promote and expand West Virginia’s economy through investment funds available to eligible businesses