U.S. Department of Commerce Invests $2.3 Million to Support Small Business and Entrepreneurial Growth in West Virginia
Summary
WASHINGTON Today, U.S. Secretary of Commerce Gina Raimondo announced the Departments Economic Development Administration (EDA) is investing $2.3 million in the state of West Virginia to support small businesses and entrepreneurs. None The High Technology Foundation, in Fairmont, will receive $848,800 in operational expenses for a statewide collaborative entrepreneurial assistance program. This EDA investment will be matched with $212,200 in local funds.The Biden-Harris Administration is committed to ensuring that communities in West Virginia and across the country have the resources and support they need to thrive, said Secretary of Commerce Gina Raimondo. These investments will help foster entrepreneurial innovation and small business development in West Virginia, creating economic resiliency in the region.Investing in our local communities spurs economic development and creates good-paying jobs, and todays announcement is great news for Princeton, Fairmont and all of West Virginia, said Senator Joe Manchin. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.