Establishes the West Virginia Small Business Investment Grant Fund to provide grants to eligible investors for qualified investments in small.
The bill creates the West Virginia Small Business Investment Grant Fund, administered by the West Virginia Small Business Financing Authority. Eligible investors can apply for grants for qualified investments in small businesses, with a maximum of $100,000 per investor. Small businesses must meet specific criteria, including having annual gross revenues of no more than $1 million and having no more than 50 employees within the state.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.