a premier region for hardwood business backed by financial incentives
With robust financial support programs and resources tailored to the hardwood industry, the region is a top choice for businesses seeking to reduce costs and increase productivity. From tax credits and low-interest loans to infrastructure development funding, these programs are designed to foster growth and innovation in the forest products sector.
WHY WV HAZ IS THE SMARTEST CHOICE FOR YOUR BUSINESS
With a high concentration of wood-based businesses, banks and lending agencies in the region are well-versed in the capital needs of the forest products industry. Economic growth through local investment is a key driver of success, creating a string ecosystem for businesses in the hardwood sector.
INCENTIVES AND PROGRAMS TO BOOST YOUR BUSINESS
Receive up to 45% in financing for fixed assets through low-interest, direct loans. These programs are designed to support businesses expanding within the state or relocation to West Virginia.
Indirect Loans
Access a loan insurance program through participating commercial banks, ideal for businesses that cannot secure conventional bank financing.
Industrial Revenue Bonds
Take advantage of federal tax-exempt industrial revenue bonds for customized, low-cost financing solutions that align with your business needs.
West Virginia Infrastructure & Jobs Development Council
Obtain financial assistance for infrastructure improvements, including funding for public utilities, development authorities, and private companies, all aimed at supporting economic growth.
Tax Credits
Boost your profitability with industry-specific tax credits, developed to directly reduce costs and increase your bottom line.
West Virginia Jobs Investment Trust
Leverage a public venture capital fund that promotes economic expansion by providing investment funds to eligible businesses in the state.
A REGION BUILT FOR BUSINESS SUCCESS
The WVHAZ provides the resources and tools you need to succeed, whether you’re starting a new business or expanding an existing one. With customized financial programs, industry-specific tax advantages, and strong local support for infrastructure development, the WVHAZ offers a competitive edge for companies in the hardwood industry.
