Incentives - Greenbrier Valley Economic Development Corporation

Greenbrier Valley Incentive and Loan Programs

West Virginia’s Greenbrier Valley has a strong local economy, and the Greenbrier Valley EDC is focused on helping companies in our region grow. One way we do that is by administering or assisting with a wide range of local, state, and federal programs that provide funds to support expansions of staff and facilities.

State and Federal Programs

Incentives from the WV Department of Economic Development include tax credits and other programs designed for established and growing businesses.
The Direct Loan Program administered by the WVEDA is for applicants seeking a state-financed loan of between $50,000 and $10 million.
Loan Insurance Program allows the state to insure up to 80 percent of a bank loan, up to $500,000, and for a maximum term of four years. West Virginia Tourism Development Act provides a 25-30% tax credit from consumer sales tax for eligible developments.
West Virginia Jobs Investment Trust is a public venture capital fund created to develop, promote, and expand West Virginia’s economy.
USDA Rural Development Loan Programs provide technical assistance and financing options for business development
Wyoming County EDA offers flexible financing to businesses statewide

Additional Resources

Tax-Exempt Industrial Development Bonds may be issued by the State of West Virginia.
Expedited Permitting – The WV Department of Economic Development can expedite permitting for high priority projects in critical areas.
Opportunity Zones – Eligible businesses started in one of our OZs by 2024 are except from state income tax OZs & HUBZones
Resources abound for WV small businesses

Generous incentives to reward investments in Greenbrier Valley

Greenbrier Valley Incentive and Loan Programs

State and Federal Programs

Additional Resources

Links

Partners