About RED
What We Do
Our mission is to create business opportunities in West Virginia by generating new jobs and stimulating the economy. RED Partnership is a one-stop resource for development programs as well as business environment, demographic, economic and community information in the Wheeling region, including Ohio, Marshall and Wetzel Counties.
Our People
Recruit new business investment
Assist with local business expansion
Encourage business start-ups through entrepreneurial activity
Offer financial assistance through state and local loan programs; administer leases and manage 626,412 sq.ft. of real estate and over 117 acres of land; market the communities, commercial and industrial properties in Ohio, Marshall and Wetzel Counties
Project Development Programs and Financing
The RED team can help you locate real estate, financing for your business, and will help to make your business successful in our region. RED staff will work to coordinate your project development and business relocation project financing.
We assist you with every level of government and every level of economic development authority in helping you establish yourself as a viable corporate entity.
RED makes a substantial contribution to the development process for greater efficiency in reaching your goals and routinely exceeding all expectations.
In addition to the low cost of real estate and wages in West Virginia, eligible companies that locate to the Wheeling region have access to a variety of economic assistance programs. These initiatives range form tax reduction efforts to special financing programs as well as community assistance and work force development training.
Current loan programs we specifically administer are:
SBA 504 Loan Program:
Up to $2 million per project ($4 million for manufacturing)
SBA will finance up to 40% of the total project
2nd position behind other lender
Take-out financing
Available statewide
Revolving Loan Fund (RLF):
Serving Ohio and Marshall counties
Up to $165,000 per loan
Shared first lien position
$35,000 per job created
Manufacturing companies eligible
State of West Virginia Programs
New and expanding businesses can learn about any of the innovative financial incentive programs listed here by contacting the West Virginia Development Office.
Direct loan programs
Indirect loan programs
Industrial revenue bonds
Leveraged technology loan insurance program
West Virginia Infrastructure and Jobs Development Council
West Virginia Small Business Development Center Loans
Small business development loans
Linked deposit program
Tax Increment Financing