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WV HB5134
Bill
Status
Introduced
2/3/2026
Primary Sponsor
Kayla Young
Click for details
AI Summary
- Creates the Small Business Investment Grant Fund administered by a new West Virginia Small Business Financing Authority to encourage investment in state small businesses
- Eligible investors can receive grants up to $25,000 per qualified investment, with a maximum total allocation of $100,000 per investor
- Qualified investments must be made between July 1, 2027 and January 1, 2029 in certified small businesses with annual revenues under $1 million, fewer than 50 employees, and principal operations in West Virginia
- Investors must hold equity for at least two years or forfeit the grant plus 1% monthly compounded interest; grants are also forfeited if the business relocates out of state or closes due to criminal conviction within two years
- Excludes professional investors and those engaged in the business of making debt or equity investments in private businesses
Legislative Description
Small Business Investment Grant Fund
Finance and Administration
Last Action
To House Finance
2/3/2026
Committee Referrals
Finance2/3/2026
Full Bill Text
No bill text available