FINANCIAL SUPPORT

Morgan County and the State of West Virginia are eager and able to provide financial assistance to potential employers wishing to locate in Morgan County. Check out these financial benefit programs:

• Both a Super Tax Credit or a Small Business Credit are offered by West Virginia to companies making a capital investment that will create jobs. A credit of 30% of their qualified investment is available to small businesses bringing a minimum of 10 jobs. Companies investing in projects that will create 50 to 1,000 jobs can receive tax credits of from 50% to 90% of their qualified investments. Other tax credits are available, including the Freeport Tax Exemption on warehoused goods in transit. The Corporate Headquarters Credit can provide a credit of up to 50% of your investment in relocating your corporate headquarters here.
  
• Assistance from the West Virginia Development Office.
  
• Loans at considerably below the prime rate are provided by the West Virginia Economic Development Authority (WVEDA). For larger projects, the State Board of Investments has a $50 million fund that offers loan rates based on 13-week Treasury Bill rates. For small and medium-sized businesses, the Small Business Administration provides long-term fixed-rate loan guarantees of up to $500,000.
  
• A number of venture capital companies throughout the state will consider financing new projects.
  
• Four local banks are ready to serve you.

Morgan County provides opportunities that have long been overlooked. Now is the time to look us over.