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The West Virginia Economic Development Authority

Formed in 1962, the West Virginia Economic Development Authority (WVEDA) is a public corporation under the West Virginia Code, managed by a 10-member board including the Governor. WVEDA promotes state business prosperity and economic welfare by offering loans and financial assistance to manufacturing businesses and industrial process entities. The Authority can borrow money, issue bonds, and provide credit enhancements. WVEDA, with a 13-member staff, is self-supporting and operates without state funding for expenses.

Programs

Direct Loans

Lending assistance for fixed assets for creditworthy business classifications.

Loan Insurance

The WVEDA may insure up to 80% of a bank loan.

Broadband Loan Insurance

BLINS assists in gaining access to credit for broadband expansion.

Industrial Development Bonds

The State has the authority to issue tax-exempt Industrial Development Bonds.

Foreign Trade Zones

Zones are sponsored by qualified public or public-type corporations.

Success Stories

How the Most Technologically Advanced Factory of its Kind Came to Morgantown with Help from WVEDA

Iconic Potato Chip Manufacturer is Thriving with WVEDA Support

Turning Woodworking Dreams Into Reality with Help from the WVEDA

This Manufacturer Saw the Need for Disinfection Technology and Got to Work with Help from WVEDA

Aviation is Taking Flight in West Virginia with Help from the West Virginia Economic Development Authority (WVEDA)

Success Stories

Check out our West Virginia Economic Development Authority success stories! Real West Virginia entrepreneurs and business people are creating jobs for local workers and strengthening the economic health of their communities all over the state with the help of WVEDA financing.
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