Direct Loans
Lending assistance for fixed assets for creditworthy business classifications.
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.
Contact UsThe business momentum we are generating in West Virginia is unprecedented. We are competing on the world stage and recruiting world-class companies to our state. Since I took office in 2017, there has been $21 billion invested in economic development, creating over 12,500 new jobs and retaining over 20,100 jobs across 240 companies. West Virginia is now regarded worldwide as the best place to start a business, expand a business, and live, work, and raise a family. There has never been a better time to be in West Virginia.
Lending assistance for fixed assets for creditworthy business classifications.
The WVEDA may insure up to 80% of a bank loan.
BLINS assists in gaining access to credit for broadband expansion.
The State has the authority to issue tax-exempt Industrial Development Bonds.
Zones are sponsored by qualified public or public-type corporations.
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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