The U.S. Department of the Treasury has approved West Virginia’s application for State Small Business Credit Initiative funding. The approval will give West Virginia access to $13.1 million in federal dollars to fund new small business lending programs. Administered through the state’s new West Virginia Capital Access Program (WVCAP), the funding will enable small businesses to leverage new capital and credit to create private sector jobs. WVCAP is expected to go into effect during the first quarter of 2012.
Read recent or past issues of West Virginia's
Open For Business Report.
