Expanding Horizons: Wyoming County EDA’s Loan Program Achievements

At Wyoming County Economic Development Authority, we’re dedicated to fostering economic growth and prosperity throughout our region. Our loan programs play a crucial role in supporting businesses and communities, and we’re thrilled to share some exciting updates with you.

We’re delighted to announce that we’ve updated our Appalachian Regional Commission (ARC) map on our website. This updated map now provides a comprehensive overview of the loans we’ve facilitated, including COVID loans statewide, ARC RLF loans, and ARC FASTER WV loans. By showcasing the reach of our loan programs, we aim to demonstrate the impact and effectiveness of our efforts in driving economic development across West Virginia.

In our commitment to continuous improvement, we’re eagerly preparing to launch our new loan fund platform. This platform will revolutionize the borrowing experience by offering a user-friendly portal for both existing borrowers and new applicants to apply online. We understand the importance of streamlining processes and providing convenient access to funding opportunities, and this platform will serve as a cornerstone in our efforts to support entrepreneurship and economic vitality in Wyoming County.

We’re immensely grateful for the patience and support of our stakeholders as we navigate this transition. Our team has been hard at work, diligently making preparations to ensure a seamless integration of the new loan portfolio. We’re excited about the myriad of benefits this platform will bring to everyone involved, from borrowers to staff members.

Furthermore, we’re thrilled to announce that we’ve recently crossed over our $12,000,000 goal for loan closings since inception and are well on our way to closing over $700,000 in loans since January 1, 2024. This milestone is a testament to the dedication and perseverance of our staff, who work tirelessly to make our programs a success statewide. As we continue to process and close several more loans, we’re confident that we’ll far surpass our initial goal, further solidifying our impact on economic development in West Virginia.

As we reflect on our achievements and look to the future, we’re filled with optimism and determination. The Wyoming County EDA remains steadfast in our commitment to serving our community and driving economic progress. We invite you to stay updated on our initiatives and join us in our journey towards a brighter, more prosperous future for Wyoming County and beyond.

Thank you for your ongoing support.