SUMMERSVILLE, W.Va. (WVDN) – Governor Patrick Morrisey today joined local business owners and community leaders at Kirkwood Winery for the ceremonial signing of the Small Business Growth Act, a measure that expands opportunities for small businesses across West Virginia.
“The Small Business Growth Act is how we turn Mountain State momentum into Main Street reality,” said Governor Morrisey. “We aren’t just recruiting global companies, we are investing in the West Virginians who have been the backbone of our economy for generations.”
Also known as Senate Bill 1, the legislation enables up to $100 million in investment into West Virginia’s small businesses through a combination of private capital and performance-based tax credits.
The program is designed to attract new private investment into West Virginia, with no cost to the state in the initial years while businesses grow and generate new economic activity.
The legislation builds on more than $12.75 billion in announced private sector investment and over 12,000 projected jobs since October, connecting that momentum to new opportunities for local businesses and entrepreneurs.
“We are building a West Virginia where the next generation doesn’t have to leave home to find a world-class career,” Governor Morrisey said. “They can find it right here in the Mountain State.”
