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Financial Assistance

Governor’s Guaranteed Work Force Program

The Governor's Guaranteed Work Force Program provides financial and technical assistance to West Virginia's new and expanding businesses for training, retraining, or for upgrading the skills of existing and new employees. The program emphasizes employee training specifically designed to accommodate the needs of individual employers.

The Governor's Guaranteed Work Force Program helps West Virginia's businesses progress to the next level of competition. From apprenticeships to global training centers, West Virginia's work force is on the move, sharpening skills and improving productivity.

Since 1991, the program has awarded more than $54 million to employers and has trained nearly 200,000 workers. Last year, the state dedicated $2.78 million to improve work force quality and participating companies invested more than $66.1 million to train employees. In all, more than 8,600 workers received training through the Governor's Guaranteed Work Force Program in fiscal year 2009.

To be eligible to receive funding, a company must provide documentation that they are compliant with the West Virginia Department of Tax and Revenue, Unemployment Compensation and Worker's Compensation. Assistance is offered in the following areas:

  • Recruiting, Screening and Referrals
  • WorkKeys® Assessments and Job Profiling
  • Training and Workforce Development
  • Federal Contractor Job Listing
  • Labor Market Information

To learn more contact:
Sharon L. Adams, PCED, CWDP

Natural Capital Investment Fund

The Natural Capital Investment Fund, Inc., is focused on economically distressed areas, catalyzing environmentally sustainable development by providing affordable, flexible capital, and advisory services to small and emerging businesses.

NCIF's business clients are predominantly located in economically distressed rural communities and are unable to access capital from traditional sources. While NCIF specializes in financing triple-bottom-line companies, we recognize that economically and environmentally healthy communities require a diverse range of businesses and services, so businesses that "do no harm" are also eligible for NCIF funding.

NCIF is a specialized, niche lender for small businesses in underserved markets in North Carolina; West Virginia; South Carolina; Georgia; and the Appalachian regions of Maryland, Virginia, Tennessee, Ohio and Kentucky. The primary goal of our loan programs is to create or retain full-time private sector jobs.

In addition, NCIF can provide a range of credit enhancement products through its participation in the West Virginia Capital Access Program. We also are a participant in the loan participation program offered by the NC Rural Center, which helps mitigate NCIF's risk in qualified projects. Assistance is offered in the following areas:

  • Environmental Services
  • Local Food System Infrastructure
  • Heritage and Recreation-Based
  • Tourism
  • Value-Added Agriculture
  • Renewable Energy and Energy Efficiency
  • Recycling
  • Water Conservation and Treatment
  • Secondary Forest Products
  • Natural Medicines
  • Green Building Technologies
  • Sustainable Natural Resources Technologies

To learn more contact:
Marten R. Jenkins, Jr.
304.876.2815, x207

MidAtlantic Trade Adjustment Assistance Center

The MidAtlantic Trade Adjustment Assistance Center has been chartered by the economic development administration of the U.S. Department of Commerce with responsibility for the management of trade adjustment technical assistance. We provide technical assistance to mid-Atlantic businesses to strengthen their global competitiveness.

The assistance is used to engage the services of outside experts that work directly with you and your team on projects specific to your company's needs. Some restrictions apply, but as long as you're focused on competitiveness strengthening, virtually anything under the umbrella of general continuous improvement can be addressed.

Our organization consists of professionals possessing the depth of experience and the range of credentials that can help management focus upon those issues preventing it from achieving success at global competitiveness. We bring decades of business experience to the table that includes executive positions in a variety of manufacturing and service industries, financial services, information technology, insurance services, management consulting and human resources.

There is no cost to see if your firm is eligible for the program and all inquiries are kept strictly confidential. Simply complete and return our preliminary qualifying worksheet to get started on the path to renewed success! Assistance is offered in the following areas:

  • Improve Cost Controls
  • Cost Reduction Methodologies
  • Upgraded Marketing Research, Planning and Execution
  • Enhanced Sales Performance and Export Assistance
  • Market Diversification through New Products/Services Development
  • ISO and Other Quality Registrations
  • ERP/MRP Implementations
  • E-Commerce Upgrades
  • Workforce, Management, and Leadership Development

To learn more contact:
Bill Bujalos

ScaleUp West Virginia

ScaleUp West Virginia, is a two-year suite of programs designed to accelerate the states’ capacity to diversify its economy in a 40-county region of West Virginia. The $500,000 grant, which was awarded to TechConnect West Virginia, will be matched with $210,000 in local funding, for a total project spend of $710,000.

ScaleUp West Virginia will accelerate the state’s capacity to foster business formation through programs designed to encourage entrepreneurship, help startups find the assistance needed to successfully launch and support existing businesses in devising strategies for growing and adapting to new markets. It also will accelerate opportunities for small manufacturers to create and retain jobs by helping them explore new and cutting edge innovations in products, process, and services leading to new and expanded markets opportunities. A new generation of entrepreneurs will be connected with mentors, investors and the resources needed to accelerate the launch of startup businesses. Through fostering this economic diversification, the region’s tax base will be expanded, private sector investment will be more easily attracted and these programs will greatly advance the entrepreneurial ecosystem of the region by building the foundation for a cycle of growth to replace a cycle of decline.

Counties included in the service area include Barbour, Boone, Braxton, Cabell, Calhoun, Clay, Doddridge, Fayette, Gilmer, Grant, Greenbrier, Harrison, Jackson, Kanawha, Lewis, Lincoln, Logan, Marion, Marshall, Mason, McDowell, Mercer, Mingo, Monongalia, Nicholas, Ohio, Pocahontas, Preston, Putnam, Raleigh, Roane, Taylor, Tyler, Tucker, Upshur, Wayne, Webster, Wetzel, Wirt and Wyoming.

To learn more, contact:
Anne Barth