As part of today’s Appalachian Regional Commission investment announcements, West Virginia Governor Jim Justice announced $750,000 in loan fund recapitalization for our revolving loan fund.
This money will be used to lend directly to businesses in our four-county region in response to COVID-19. It’s also part of a larger, collaborative effort with 5 other revolving loan funds so as to have new loan monies available state-wide. Each of the following entities will also receive loan monies in varying amounts: Wyoming County EDA, The Center for Rural Health, Natural Capital Investment Fund, Mid-Ohio Valley, and Woodlands Development Group.
In addition to the ARC grant, we were also awarded $12,000 from the Claude Worthington Benedum Foundation. This grant is in partnership with the Wyoming County EDA and will allow both organizations to expedite the loan process while maintaining social distancing protocol through an efficient online portal. Businesses applying for emergency loan response related to COVID-19 economic impact and recovery will submit loan application documents online safely. Businesses are encouraged to start the application process now. To get the application process started, visit https://nrgrda.org/loan-information/.
We’re glad that we’re able to provide more funding to businesses in our region who have been suffering during the COVID-19 pandemic. For more information on the revolving loan fund and how we can help businesses recover from the pandemic, please contact us!
Periodically, we like to share information on new developments and events with our subscribers. Sign up today!
By signing up, you accept the Privacy Policy and Terms of Use of the NRGRDA website and agree to receive email notifications, news, offers, and marketing promotions from NRGRDA and/or its affiliates and partners.
Periodically, we like to share information on new developments and events with our subscribers. Sign up today!
By submitting your email address and clicking the “Sign Up” button, you accept the Privacy Policy and Terms of Use of the NRGRDA website and agree to receive email notifications, news, offers, and marketing promotions from NRGRDA and/or its affiliates and partners.
Notice and Disclaimer: Material on this website is protected by copyright and trademark laws. The information contained in this website or linked sites is provided on an “as is” basis. We make no guarantee or representation about the accuracy or completeness of the information, and disclaim all warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose and non-infringement. We are not responsible for any damages arising from the use of information on this site. It is your responsibility to independently investigate accuracy and completeness OF ALL INFORMATION, and to determine to your satisfaction the suitability of ANY SELECTED propertY for your needs. Any projections, opinions, assumptions or estimates used are for example only and MAY not represent current or future performance of any property.