Establishes an Economic Development Investment Fund to support job creation and infrastructure projects in West Virginia.
The bill creates the Economic Development Investment Fund, a special revenue fund in the State Treasury, to serve as a long-term capital deployment fund for West Virginia. The fund aims to finance job-creating capital projects, support strategic industry recruitment, fund infrastructure for large industrial and energy users, and leverage private investment. The fund will be administered by the Division of Economic Development, with deposits made pursuant to existing code provisions.
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