WV HB2830

Establishes the Small Business Investment Grant Fund and West Virginia Small Business Financing Authority to provide grants to individual investors who make qualified equity or subordinated debt investments in certified small businesses

Eligible investors can receive grants up to $25,000 per qualified investment, with a maximum total grant allocation of $100,000 per investor for investments made between July 1, 2026, and January 1, 2028

Defines "small business" as an entity with annual gross revenues under $1 million, principal office in West Virginia, no more than 50 in-state employees, and no more than $1 million in total equity or debt investments raised (excluding commercial bank loans)

Requires investors to forfeit grants and repay funds if the small business relocates out of state or closes due to criminal conviction of officers/directors within two years, or if the investor fails to hold the equity for at least two years

Creates a non-reverting special fund in the state treasury funded through legislative appropriations and public or private gifts, grants, or donations