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Southern West Virginia News

Monday, November 25, 2024

EDA awards the New River Gorge Regional Development Authority $885,667 grant on Dec. 30

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The US Economic Development Administration awarded the New River Gorge Regional Development Authority a grant worth $885,667 to help fund a project in Raleigh County.

The grant was awarded on Dec. 30. The EDA describes the grant as follows:

"This EDA investment supports the expansion of the HIVE entrepreneur and business assistance program in 12 southern counties located in the coalfields of West Virginia, an area hit hard by the decline of the coal industry. The project will provide economic stability to the city of Beckley, a designated Opportunity Zone, by offering incubator space, co-working space, office rental space, meeting space and an artisan maker space to local entrepreneurs and small business owners. Once completed, the project will promote business development, enhance job creation and retention, spur private investment, and advance economic resiliency throughout the region."

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