WV Governor Signs Small Business Growth Act

Governor Patrick Morrisey has signed the Small Business Growth Act.  The act establishes a tax credit for West Virginia employers with fewer than 200 employees whose workforce is made up of 60% of West Virginia residents.  Morrisey says the credit will allow small businesses to receive more capital than they could before…

“We’ve allocated $15 million a year for that purpose.  Tax credits won’t be deducted until 2029, but this is a nice way to really infuse new capital into small businesses.  So, I’m eager to see this succeed, and I think it’s gonna be another tool in the toolbox to help West Virginia.”