763 Project Manager Jobs available in Greensboro, NC on Indeed.com.WKDK.com Photo Page We want to see YOUR photos! We may even feature yours on this page and mention your name on the air! Business Information. Development Assistance Programs. Fayette County Chamber of Commerce. West Virginia Small Business Resource Guides, for starting and expanding businesses are available at the Fayette County Chamber of Commerce. The Chamber also provides specialized training for Business Members periodically throughout the year and sponsors quarterly Economic Development Forums. The Fayette County Chamber of Commerce is your first stop with business assistance in Fayette County. Training Programs. Work Force Training Programs are available through the Governor's Guaranteed Work Force Program. Training Needs are coordinated through various state agencies, colleges, universities, vocational- technical centers and /or Private Industry Councils. For more information please contact the Fayette County Chamber of Commerce.
Financing. Fayette County Lending Institutions. Bank One - Oak Hill, WVBank of Mount Hope - Mt Hope, Oak Hill & Beckley. BB& T Corporation - Oak Hill, WVFayette County National Bank - Ansted, Fayetteville and Oak Hill WVUnited National Bank - Ansted and Fayetteville, WVThe New River Gorge Regional Development Authority also has a revolving loan program available to qualified businesses. Call or write for details. West Virginia Development Office. The West Virginia Development Office offers a variety of financial incentive programs to promote our state and attract business and industry. The following programs are available for new and expanding businesses. Direct Loan Programs. Low interest, direct loans to expanding state businesses and to firms locating in West Virginia Indirect Loan Programs. Designed to assist businesses that cannot obtain conventional bank financing. Provides a loan insurance program and a capital access program through participating commercial banks. West Virginia Capital Company Act. Provides for debt and equality venture capital investment to small businesses. A complete listing of qualified venture capital companies may be obtained through the WVEDA office. Industrial Revenue Bonds. Provides for customized financing through federal tax- exempt industrial revenue bonds. Available January through November 1. Leveraged Technology Loan Insurance Program. This program makes capital available to both new and expanding qualified companies to assist in the development and commercialization of technology based products and processes. Excluding refinancing, funding may be used for a variety of purposes, including acquisition of fixed assets and working capital. Small Business Development Loans. This program provides capital for new or expanding small businesses with loans from $5. The program will seed pilot revolving loan funds that are leveraged with local dollars. Tax Incremet Financing. Projects are financed with debt repayment from incremental property tax associated with increases in the value of the project property. Property taxes payable on the increased value of the property is designated for repayment of the bonds. West Virginia Jobs Investment Trust. A $1. 0 million public venture capital fund, JIT investment generally will be structured as subordinated loans with warrants or options to buy stocks. Sometimes, the trust will seek an equity position in the form of preferred stock with options to convert to common stock. Outline your requirements using a pro forma business presentation similar to the proposal that would be made to other financial institutions. The WVDEA will then initiate a review of each business plan and pro forma projections to help structure a financial program to assist with your project. The amount of qualified investment is based on the useful life and cost of real and personal property. This credit may be applied against up to 8. Business and Occupation Taxes, Corporation Net Income Taxes, Business Franchise Taxes and Telecommunication Taxes apportioned to the new investment. Corporate Headquarters Credit. Additional credit is available to company that relocated its corporate headquarters to West Virginia. If at least 1. 5 new jobs are created, the allowable credit is 1. If 5. 0 or more new jobs are created, the allowable credit is 5. Small Business Credit. This is the . The small business must create at least 1. Graduated credits for number of jobs created above 1. West Virginia Capital Company Credit. This was established to encourage the formation of venture capital in West Virginia. Investors are entitled to a state tax credit equal to 5. Capital companies must have a capital base of a least $1 million but not greater than $4 million. Unused credit may be carried forward 1. The starting point for determining this tax is the federal taxable income of the corporation for the year. Net operating loss may be carried back up to three prior years with a limitation of $3. Net loss may be carried forward up to 1. Business Franchise Tax (BFT)The measure of the BFT is the net worth of the corporation or partnership as determined for federal income tax purposes. The rate of tax is 0. Business and Occupation Tax (B& O)The B& O Tax is an annual privilege tax levied on public utilities and electric generators doing business in West Virginia. Severance Taxes. Severance Taxes are levied on the production of natural resources, including ordinary processing commonly employed by the industry to obtain a salable natural resource product. The tax rates on most natural resources are set at 5 percent. The rate of tax on timber production is 3. Telecommunications Tax. This tax is levied at a rate of 4 percent. The measure of tax is gross income from the provision of telecommunication services. Other Taxes. Consumer Sales and Service Tax (CSST) and Use Tax. The rate for the CSST in West Virginia is 6 percent. Sales of goods and services to an industrial businesses which are directly used in the manufacturing process are exempt from the CSST for instate purchases and from the Use Tax for out of state purchases. Business Registration Tax. The rate of this tax is $1. Businesses generating income of less than $4,0. Personal Income Tax. The tax begins with federal adjusted gross income. Individuals are allowed a $2,0. Rates range from 3 percent on the first $1. Corporation Charter Tax. West Virginia Chartered, The rates of this tax range from $2. Not West Virginia Chartered, The rates of this tax are 1. West Virginia chartered firms. The rates are based on a proportion of the value of shares of issued and outstanding capital stock, which is adjusted to reflect the proportion of a company's property owned and used in West Virginia. Annual liability in this case cannot be less than $2. Property Tax. In West Virginia, ad valorem property taxes are local taxes. Property is generally taxed on 6. Return to Top. Available Industrial Properties. Site/Building information can be supplied to meet your requirements upon request. Return to Top. Contacts. For assistance with: West Virginia Secretary of State's Office. West Virginia Bureau of Employment Programs. West Virginia Tax Department. West Virginia Workers Compensation. Click here. For Additional Information Contact: Sharon Cruikshank, Director. Fayette County Chamber Of Commerce. Oyler Avenue. Oak Hill, WV 2. Phone 3. 04- 4. 65- 5. Fax 3. 04- 4. 65- 5. Email sharon@fayettecounty. West Virginia Economic Development Authority. Kanawha Blvd. Suite 5. Charleston, WV 2. Phone 3. 04 5. 58- 3. West Virginia Department of Tax Revenue. Capitol Complex. Building 1, Room W3. Charleston WV 2. 53. Phone 3. 04- 5. 58- 8. Judy Radford, Executive Director New River Gorge Regional Development Authority. North Heber Street, Suite BBeckley, WV 2. Phone (3. 04) 2. 54 8. Email nrgrda@nrgrda.
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