The West Virginia Economic Development Authority (WVEDA) is a public corporation and government instrumentality established in 1962 under the West Virginia Code. With a ten-member Board of Directors, WVEDA is responsible for promoting and retaining commercial and industrial development in the state by providing financial assistance through loans and direct financing. It has the authority to borrow funds, issue bonds, and offer credit enhancement programs to support business development projects.
Operating independently and without state appropriations, WVEDA aims to advance the economic welfare and business prosperity of West Virginia. With a staff of thirteen, the organization meets monthly to discuss and plan initiatives, ensuring transparency by posting meeting notices on the West Virginia Secretary of State website. Through its programs and services, WVEDA plays a vital role in fostering economic growth and supporting the development of new and existing businesses in the state.
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