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| ECONOMIC INFRASTRUCTURE BOND FUND |
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Type of Assistance: Loans
Purpose: The West Virginia Economic Infrastructure Bond Fund is a financial
assistance program that provides funding for projects likely to foster and
enhance economic growth and development. It emphasizes business and/or industrial
parks. Funding priority goes to projects resulting in immediate job creation;
projects providing the opportunity for economic growth and job creation (i.e.,
shell buildings, business and industrial parks); and projects likely to foster
and enhance economic growth and development.
Description: The Economic Infrastructure Bond Fund is a loan program to encourage
economic development throughout the state. Funding per project is limited to a
maximum of $3 million.
Eligible activities:
- Acquisition of land and buildings
- Construction of new facilities
- Construction or installation of utilities
- Purchase of machinery or equipment
- Improvements to or expansion of existing buildings and sites
Eligible applicants:
- Government agencies
- Corporations
- Associations
- Public corporations
- Partnerships
- Political subdivisions
- Limited liability companies
How to apply: Applications may be obtained by writing:
West Virginia Infrastructure and Jobs Development Council
300 Summers St.
Suite 980
Charleston, West Virginia 25301
(304) 558-4607; fax: (304) 558-4609
The West Virginia Development Office and the West Virginia Council for
Community and Economic Development will review completed applications.
The West Virginia Infrastructure and Jobs Development Council will give
final approval.
For additional information about the Economic Infrastructure Bond Fund,
please call the West Virginia Development Office at (800) 982-3386 or
(304) 558-4010.
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