West Virginia Economic Development: WV’s Regional Economic Development Partnership

Incentives and Financing

For more information, contact Brian Komorowski at 304-232-7722.

Local & State Incentives

Economic Development Programs
Eligible companies that locate to the Wheeling region have access to a variety of economic assistance programs. These initiatives range from tax reduction efforts to special financing programs as well as community assistance and work force development training.

RED Programs

Regional Economic Development Partnership has a staff which will work with you to coordinate financing for your business endeavor. Current loan programs we specifically administer are listed below:

SBA 504 Loan Program:

Up to $2 million per project ($4 million if 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

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 at
www.wvdo.org or www.wvopenforbusiness.com.

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

Tax increment financing