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West Virginia’s governor now holds Senate Bill 1, creating a small business financing program with tax credits starting in 2029.
Senate Bill 1, the Small Business Growth Act, has reached the governor’s desk in West Virginia, creating the West Virginia First Small Business Growth Program to provide financing for local small businesses.
The program will pool capital from investors who receive non-refundable tax credits starting in 2029.
It aims to address limited access to capital, with lawmakers emphasizing practical economic support over politics.
A proposed amendment by Sen. Eric Tarr was rejected as incompatible, leading him to pursue separate legislation.
The swift passage reflects bipartisan focus on boosting local economic growth and job creation.
El gobernador de West Virginia ahora tiene el proyecto de ley 1 del Senado, creando un programa de financiamiento para pequeñas empresas con créditos fiscales a partir de 2029.