W. Va. Code R. § 145-15-2

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 145-15-2 - Purpose

2.1. The West Virginia Small Business Innovation Research and Small Business Technology Transfer Matching Funds Program is established. It shall be administered by the Department of Economic Development. The purpose of this matching funds program is to foster job creation and economic development in the state. The Department of Economic Development may provide grants to eligible small businesses to prepare a competitive Phase I proposal, or match funds they receive from Small Business Innovation Research or Small Business Technology Transfer Phase I and Phase II awards. The Department of Economic Development will pay the grants from the fund known as the "Entrepreneurship and Innovation Investment Fund" created pursuant to W.Va. Code § 5B-2-16.