WASHINGTON, DC – US Senators Shelley Moore Capito and Joe Manchin have announced that $ 1,282,400 from the US Department of Agriculture’s (USDA) Rural Development Program will be donated to various locations in West Virginia.
The funds will be used in projects aimed at “increasing economic development and access to business capital”.
“In order to spur economic development in West Virginia, resources must be made available so that our communities, local businesses and entrepreneurs can make the necessary improvements, increase operations and save jobs. Investments like these USDA grants will help do just that, ”Senator Capito said. “West Virginia is incredibly diligent and hardworking, and these projects announced today will give the people of our state the opportunity they need to be successful, while helping to increase the economic stability of their communities.”
$ 946,000 – Thurston Landing II LP (Kanawha County): This Rural Development Loan Guarantee will be used to help build Thurston Landing II, a senior multi-family housing complex in St. Albans. This project will consist of a three-storey residential building with 32 one-bedroom units for people aged 55 and over and eight three-bedroom units for general occupancy.
$ 50,000 – West Virginia University Research Corporation (Monongalia County): This rural development investment will be used to hire a manager to launch and develop a West Virginia University of West Virginia store and rural business incubator to support rural small business development and educate students in entrepreneurship.
$ 50,000 – Mercer County Commission (Mercer County): This rural development investment will be used to complete a feasibility study for a convention center in Mercer County.
$ 49,000 – Sprouting Farms Corp. (Summers County): This investment in rural development will be used to modernize the electricity service to help new and beginning farmers expand their season extension options.
$ 49,000 – Marlinton, West Virginia (Pocahontas County): This rural development investment will be used to create, implement and evaluate a comprehensive marketing strategy to bring economic growth to the region. The project will create 20 jobs and save 5.
$ 47,750 – Renewall, Inc. (Cabell County): This investment in rural development will be used to plan the business model design and feasibility of the Cultural Wealth Hub, support emerging entrepreneurs and facilitate technical assistance and resources to help existing businesses recover from the pandemic.
$ 40,715 – Yew Mountain Center, Inc. (Pocahontas County): This rural development investment will be used to establish the Mountain Medicine Trail to increase income and job creation for non-timber forest product producers and related businesses, as well as to provide training and technical assistance.
$ 25,000 – Summersville, West Virginia (Nicholas County): This investment in rural development will be used to create a business mapping system that will provide assistance in mapping current and operating businesses and potential new locations.
$ 24,935 – Civil-Military Innovation Institute (Monongalia County): This rural development investment will be used to provide technical assistance and business advisory services such as finance, legal resources, human resources, regulatory compliance, business development, marketing and technology assessment to small businesses. rural businesses.
“Stimulating economic development through investment is vital to our economies and communities. This USDA investment is good news for the Mountain State and will support rural businesses while creating and maintaining well-paying jobs statewide. Our rural communities need and deserve new opportunities, and I will continue to fight for funding to stimulate local and regional economies through economic development, ”said Senator Manchin.