These organizations offer funding opportunities (grants, loans, tax credits) to improve the economic vitality of your community through business.
Below is a list of funds available from these organizations. You can visit each organization's website for more information and details.
COMMUNITYWORKS IN WEST VIRGINIA
CommunityWorks in West Virginia serves to unite local housing-related agencies and organizations to assure safe and affordable housing. Representing twenty-seven organizations, CWWV provides a variety of services to its members through technical assistance and training, innovative mortgage lending products, and member services support programs including advocacy at the federal and state levels. Loans programs include Premier Loan, Leverage Loan, Rehab Lending, Designer Loan, and Commercial Loans. Visit the CommunityWorks website or contact information and to see a list of member organizations.
US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Community Development Block Grants (Non-Entitlement) for States and Small Cities
Eligibility:
State-determined eligible units of general local government
Funding used for:
To carry out a wide range of community development activities directed toward
neighborhood revitalization, economic development, and improved community facilities
and services.
Fund description:
Federal funding grants
Deadline:
Annual.
West Virginia Community Advancement and Development
Neighborhood Investment Program (NIP)
Eligibility:
Contributing businesses and individuals who donate to NIP-approved 501(c)3
designated charitable organizations, who can apply for tax credit vouchers
and distribute them.
Funding used for:
Programs and services that support the community.
Fund description:
Tax Credits. The West Virginia Legislature sets aside $2.5 million annually
in state tax credits for the NIP.
Additional information:
Contact the West Virginia Development Office at (800) 982-3386 or (304) 558-2234.
Deadline:
Annual. Call to verify.
Eligibility:
Any traditional, historic downtown or neighborhood commercial district in the
state.
Funding used for:
To tackle the complex issue of downtown and neighborhood commercial district
revitalization, capitalizing on the history and the resources of the community
itself.
Fund description: Technical assistance.
Deadline:
Applications are taken during specific application periods. Contact the Main
Street/ON TRAC West Virginia office to be placed on the notification list.
Information is automatically sent to every mayor and city clerk.
Land and Water Conservation Fund program (LWCF)
Eligibility:
Units of local government, independent park boards, commissions, districts
and state government.
Funding used for:
Acquisition and/or development of high-quality, public outdoor recreational
areas.
Fund description:
50/50 reimbursable matching grants (federal funding)
Additional information:
Contact John McGarrity or Jim Marshall at (800) 982-3386 or (304) 558-4010
Deadline:
Call to verify
Appalachian Regional Commission
Eligibility:
Public entities (cities, towns, counties, regions, public service districts)
and nonprofit organizations.
Funding used for:
Activities that create opportunities for self-sustaining economic development
and improved quality of life.
Fund description:
Federal grants.
Additional information:
Contact the West Virginia Development Office at (800) 982-3386 or (304) 558-2234.
Deadline:
Annual.
Community Participation Grant Program
Eligibility:
Units of local government, generally counties and municipalities
Funding used for:
Community and economic development projects / meaningful public improvements
projects
Fund description:
State grant funds
Additional information:
Contact Debbie Legg or Kelly Workman at (800) 982-3386 or (304) 558-4010.
Deadline:
Available year-round. Call to verify.
Local Economic Development (LED) Grant Program
Eligibility:
County development corporations or authorities, A multi-county or regional
development corporation or authority, Regional Planning and Development Councils
Funding used for:
To undertake economic development activities and to complete Certified Development
Community (CDC) program requirements.
Fund description:
Matching state grants, up to $31,008 per county.
Additional information:
Contact the West Virginia Development Office at (800) 982-3386 or (304) 558-2234
Deadline:
Call to verify.
Certified Development Community (CDC) Program
Eligibility:
Entry into the Certified Development Community program is open at any time
to any community in West Virginia. For the purpose of the program, a community
is either a county or a multi-county region.
Funding used for:
Prepare and equip communities across the state to respond to the needs of existing
and prospective business and industry through the Industrial Park Track or
Entrepreneurial Track.
Fund description:
Technical assistance
Additional information:
Contact the West Virginia Development Office at 800-982-3386, or 304-558-2234
Deadline:
Available year-round.
WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY (WVEDA)
Eligibility:
Existing or prospective creditworthy manufacturing, distribution centers, technology-based
service companies and other businesses currently targeted by the West Virginia
Development Office meeting WVEDA’s job creation criteria.
Funding used for:
Fixed assets; job creation and retention and economic benefit to the state.
Fund description:
Low interest, direct loan, minimum $50,000 and maximum $10,000,000.
Additional information:
Contact David Warner, Tony Benedetto, Joey Browning or Steven Webb.
Deadline:
Available year-round.
Tax-Exempt Industrial Development Bonds
Eligibility:
Communities who wish to endorse a business, and have passed by their local
governing unit an Inducement Resolution.
Funding used for:
Nonexempt (small-issue) projects, projects in Empowerment Zones and Enterprise
Communities, exempt facilities.
Fund description:
Tax-exempt bonds, up to US Internal Revenue Code “statewide” cap.
Deadline:
November
Eligibility:
Businesses; bank makes the application.
Funding used for:
Fixed assets or other needs such as inventory and working capital, not construction
loans nor lines of credit.
Fund description:
Insurance of up to 80% of a bank loan; insured portion not to exceed $500,000.
Additional information:
Contact
WVEDA
Deadline:
Available year-round.
STATE TAX CREDITS
Eligibility:
Corporations who relocate their headquarters to WV.
Funding used for:
Credit available if 15 new jobs are created within the first year.
Fund description:
Tax credits
Deadline:
Available year-round.
Eligibility:
Qualified business.
Funding used for:
Companies must create at least 20 new jobs within specified time limits (eg
10 jobs for small businesses).
Fund description:
Tax Credit up to 80% of specified business. Up to 100% if company creates the
requisite number of jobs that pay an annual median wage higher than the state
average on-farm payroll wage. Or, a $3,000 credit is allowed per new full time
job provided it meets a certain salary minimum.
Deadline:
Available year-round.
Eligibility:
Qualified businesses with manufacturing property.
Funding used for:
Businesses must make qualified capital improvements of at least $50 million
to an existing base of $100 million or more.
Fund description:
Values the new capital addition at a salvage value of 5% for the first 10 years.
Deadline:
Available year-round.
“Five For Ten” Program: Fractionating Plants and Secondary Plants
Eligibility: Property owner.
Funding used for:
Real and personal property of facilities that are or will be classified under
the North American Industry Classification System (NAICS) code number 211112
(natural gas liquid extraction “fractionating” plants) and to manufacturing
facilities that use products produced at a facility with a 211112 NAICS code.
Fund description:
Special property tax valuation of 5 percent of the cost of the qualified property
instead of fair market value.
Deadline:
Available year-round.
Manufacturing Investment Credit
Eligibility:
Businesses.
Funding used for:
Qualified investment in eligible manufacturing property, with no new job creation
required
Fund description:
Tax credit of up to 60 percent of corporate net income tax and business franchise
tax
Deadline:
Available year-round.
Manufacturing Inventory Credit
Eligibility:
Businesses.
Funding used for:
Raw materials, goods in process and finished goods manufacturing inventory.
Fund description:
Offsets the business franchise tax and corporate net income tax in the amount
of property tax paid on such materials.
Deadline:
Available year-round.
Commercial Patent Incentives Tax Credit
Eligibility:
Businesses.
Funding used for:
Royalties, license fees and other consideration for developers of a patent
or a percentage of net profit attributable to a patent used in a manufacturing
process or product.
Fund description:
Tax Credit up to 100% of the business franchise tax, corporation net income
tax, or in the case of individual taxpayers, the personal income tax.
Deadline:
Available year-round.
High-Tech Manufacturing Tax Credit
Eligibility:
Businesses
Funding used for:
Manufacture of certain computers and peripheral equipment, electronic components
or semi-conductors and which create at least 20 new jobs within one year after
placement of qualified investment into service
Fund description:
Tax credit of 100% of the business and occupation tax, business franchise tax,
corporate net income tax, and personal income tax on certain pass through.
Deadline:
Available year-round.
Eligibility:
Businesses.
Funding used for:
Tangible personal property, including servers, directly used in a high-technology
business or in an internet advertising business.
Fund description:
Such property is valued for property tax purposes at 5 percent of the original
cost of the property. Furthermore, sales tax is eliminated from all purchases
of prewritten computer software, computers, computer hardware, servers, building
materials and tangible personal property, for direct use in a high-technology
business or internet advertising business.
Deadline:
Available year-round.
Manufacturing Sales Tax Exemption
Eligibility:
Businesses.
Funding used for:
Materials and equipment purchased for direct use in manufacturing.
Fund description:
Exemption from 6% state sales and use tax.
Deadline:
Available year-round.
The Tourism Matching Advertising Partnership Program
Eligibility:
Businesses and their partners
Funding used for:
Advertising and promotion of tourism through partnerships.
Fund description:
Reimbursable matching funds for direct advertising. Applicants must provide
minimum 50% of total cost for programs at the $10,000+ level or 25% at $7500
level. (verify amounts – found different info)
Deadline:
Available year-round.
High-Growth Business Investment Tax Credit
Eligibility:
Businesses
Funding used for:
Start-up, growth-oriented and research and development business which increase
employment and economic development.
Fund description:
Tax credit equal to 50 percent of the qualified investment made in companies
that have been certified by the tax commissioner as eligible for the Strategic
R&D Tax Credit.
Deadline:
Available year-round.
FEDERAL HOME LOAN BANKS – PITTSBURGH
Eligibility:
Member financial institutions
Funding used for:
Qualified community and economic development projects that create housing,
build infrastructure, help small businesses and strengthen neighborhoods.
Fund description:
Loans; matching funds at a competitive rate; $825 million noncompetitive revolving
loan pool.
Deadline:
Available year-round.
Eligibility:
Small businesses
Funding used for:
Start-up and expansion of eligible small businesses, to eventually create or
retain jobs and promote local economic growth.
Fund description:
Loans.
Deadline:
Available year-round as funds are available.
Eligibility:
Community team; one member must be a member of FHL Bank Pittsburgh whose service
area includes the Blueprint Community.
Funding used for:
innovative activities, policies or programs implemented that have demonstrated
success in solving community needs.
Fund description:
Grant award.
Deadline:
Annual.
Regional Resources
Visit our
regional resources page
for organizations specific to your county or area.
For further support, contact your
regional planning and development council.