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REDP: Regional Economic Development Partnership





Regional Economic
Development Partnership
 
1310 Market Street, 3rd Floor
P.O. Box 1029
Wheeling, WV 26003
 
Phone: 304.232.7722
Fax: 304.232.7727
Email: info@redp.org

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RED is a division of Ohio Valley Industrial and Business Development Corporation (OVIBDC). Copyright © 2010 Regional Economic Development Partnership
RED Business Benefits Brochure
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Business Relocation Services

For business relocation, RED is your one-stop resource for development programs, business relocation assistance and providers of demographic, economic and community information in the Wheeling, West Virginia, region including Ohio, Marshall and Wetzel Counties. When deciding how to relocate your business or company, choose RED. We’ll help get you on your way. For more information, contact us.

RED provides business relocation consultants and assistance with numerous business services such as corporate relocation consulting and incentives for relocating a business.

RED staff will work to coordinate your business relocation project financing. RED is currently offering two programs in order to make your relocating experience as easy as possible.

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


For more information about business relocation services, please contact Brian Komorowski, Finance Manager, at 304-232-7722.

Incentives

New businesses relocating to West Virginia can also learn about innovative financial incentive programs listed by contacting the West Virginia Development Office at www.wvdo.org or www.wvopenforbusiness.com.

These programs include:

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

Business Relocation Grants

Small Business Relocate

Corporate Relocating

Job Relocation – TakeMeHomeOhioValley.com


Low Cost Operations