Extending funds by means of business credit schemes and programs is an instrument deployed by West Virginia’s administration machinery to fuel the economic development and create an effective business base. Rather the latest amendments in the incentive and credit programs made towards this direction have compelled it to be referred to as new West Virginia, all armed with the latest economic progress capacity.

Having adequate funds is a mandate for every organization especially the young ones to enable adequate research and growth. This fact has been understood by West Virginia that has introduced various schemes and programs to enable easy cash flows and corresponding growth. Few important programs along with their qualification criterion and loans limits are enumerated below:

West Virginia Economic Infrastructure Bond Fund:
This is a special fund targeted towards programs, which promise economic growth and creation of job opportunities. The special focus is on business parks and industrial areas. The maximum funds available under this scheme are $ 3 million. Government agencies, associations, limited liability companies, partnerships, corporations and political subdivisions can qualify under this category. The key activities where the funds must be directed include construction (of facilities or utilities), land acquisitions and purchase of requisite machinery or equipment.

Debt and Equity Venture Capital Investment to Small Business:
The program provides for venture capital investments. Among various sources under this head, Adena Ventures provides equity and capital assistance in Central Appalachia. Adena invests anything between $200,000 and $2 million in companies depending upon their respective management capabilities, market positioning and development prospects. It is $34 million venture capital enterprise.

Research & Development Credit: Extended with the key focus of enabling rapid researches and innovations. The credit may be refundable in few cases. Also the purchases made towards researches in specific cases are exempt from West Virginia's tax categories like, consumer sales and service tax and use tax.

Five-for-Ten Program: A tax incentive scheme for qualified capital improvements. The same must amount to at least $50 million to an existing base of $100 million or more. The new capital is assessed at a salvage value of 5 percent for the first 10 years.

Tourism Development Incentive: Applicable for firms investing in tourism destination projects. A return of up to 25 % off approved development cost can be applied for over a period of 10 years by way of consumer sales tax credit.

West Virginia Capital Company Credit: A credit scheme for investors. The schemes Offers a sales tax credit of about 50 % on investments in capital companies with a capital base of at least $ 1 million to a maximum of $ 4 million. The maximum credit authorized is $ 6 million.

Other schemes extend categories towards manufacturers that make capital investment or endeavors for business expansion.

Among other incentives, various goods in transit are exempted from ad valorem tax in warehoused in West Virginia.