FAIRMONT, WV — The Fairmont Community Development Partnership has secured a loan to support small businesses.
Senators Joe Manchin and Shelley Moore Capito announced $50,000 to the organization under the United States Department of Agriculture (USDA) Rural Development Program. According to a press release from the senators, the project should save 22 jobs and create 15.
“It’s great to see West Virginia receiving funding through the USDA’s Rural Development Program that will improve our infrastructure, strengthen our small businesses, and boost communities across our state,” said Senator Capito in a statement. “I’m confident this funding will help make a difference in West Virginia communities, and I look forward to continuing my efforts to secure resources that help support our communities and improve the lives of our residents.”
The Fairmont Community Development Partnership is a private, not-for-profit organization. Its mission is to promote community and economic development as well as neighborhood revitalization and affordable housing in targeted low-income neighborhoods.
Senators also announced funding for 12 other rural business projects, including:
- $99,900 – City of Philippi
- This funding will be used to upgrade and expand the city’s infrastructure, including new water, sewer, electrical and gas lines.
- $74,000 – RiffRaff Art Collective, Princeton
- This funding will be used to develop a strategic organizational plan focused on the Lonnie Gunter, Jr. Center for Culture and History, as well as provide technical assistance.
- $65,000 – Little Kanawha Area Development Corporation
- This funding will be used to accelerate the growth of existing small businesses by providing the resources, networks and support needed to raise capital and grow as sustainable businesses.
- $60,000 – Friends of Monroe, Union
- This funding will be used to develop a comprehensive entrepreneurial support system to increase the success of small start-ups through technical assistance, training, mentoring and the creation of business plans.
- $60,000 – Forest Development Group, Elkins
- This funding will be used to transform the existing commercial space into an incubator for two new commercial ventures, as well as establish a high quality, fully functional commercial kitchen.
- $50,000 – Webster County Economic Development Authority
- This funding will support the rehabilitation of a building and parking lot to establish the Convention Visitors Bureau.
- $50,000 – Mingo County Redevelopment Authority
- This funding will support the development and expansion of businesses around Hatfield McCoy Trails.
- $50,000 –Semper Liberi, Martinsburg
- This funding will be used to purchase two vans to assist recovering individuals seeking employment and training to re-enter the workforce. The project should create 13 jobs.
- $50,000 – Greenbrier Valley Economic Development Corporation, Maxwelton
- This funding will be used to accelerate bio-based economic development in rural areas, which will create new jobs in local forestry, transportation and sawmill businesses.
- $50,000 – Jefferson County Development Authority
- This funding will be used to create “Agriculture at Home,” a marketing and development initiative that will build the resilience of agricultural producers and businesses by expanding market access and improving market availability.
- $19,000 – City of Burnsville
- This funding will support the purchase of a 2021 Toyota Daihatsu Hijet HD mini dump truck to replace the current aging and rusting vehicle needed for city operations.
- $2,800 – Barbour County
- This funding will support the purchase of a 2022 Dodge Durango V8 to replace one of Barbour County Law Enforcement’s aging cruisers. The cruiser will be used for patrol and law enforcement activities.
“Investing in our communities drives economic development and creates well-paying, long-term jobs. I am pleased that the USDA is investing more than $680,000 in these 13 critical projects across West Virginia that will strengthen local infrastructure, support small business expansion, help provide a variety of resources to residents of West Virginia and more,” Sen. Manchin said in a statement.