
4.11.1 Small business development
Many resources are available for entrepreneurs interested in starting small businesses in West
Virginia.
• The Upper Kanawha Business Assistance Program (UKAN) is a financial assistance program
sponsored by the Kanawha County Commission designed to encourage small business
startup and expansion in the region. The program offers up to $10,000 in forgivable loans to
businesses with 25 or fewer employees to assist with capital needs, including
building/property renovation, signage, equipment, supplies, inventory, and working capital.
Though the program focuses primarily on Kanawha County enterprises, Montgomery and
Smithers businesses located in Fayette County are eligible to apply. (UKAN, 2021)
• The U.S. Small Business Administration’s (SBA’s) West Virginia District Office in Clarksburg
provides prospective, new, and established persons in the small business community with
financial, procurement, management, and technical assistance. The SBA provides training
and counseling on starting and/or expanding businesses, assists bank and non-bank lenders
in securing SBA loans for their small business customers, and provides trainings for small
businesses on how to do business with the federal government. (SBA, 2020)
• The West Virginia Small Business Development Center (SBDC) is a statewide network that
provides assistance in all 55 counties. SBDC helps small businesses from the concept phase
to established enterprises and offers training in business planning and development,
coaching, financing recommendations, and more. SBDC can help compile all the preliminary
information and paperwork needed to open a business legally, including information on
licensing, taxes, insurance, recordkeeping, and the forms needed for hiring employees. SBDC
can also assist with evaluating a business idea for feasibility and projected success and can
provide hands-on assistance in obtaining loans. SBDC has business coaches/managers
based in Charleston and Summersville and periodically offers trainings and workshops in
other locations. (WVSBDC, 2020)
• The West Virginia State University Community & Economic Development Program offers
extension agents and services focused on community development and revitalization,
regional and local economic development, and small business development. The program
offers targeted support for small business development, retention, and expansion efforts with
emphasis on artisan and the creative economy sectors. Services include incubation,
mentoring, access to capital assistance, entrepreneur training, management strategies,
marketing, counseling on collaborative development, business plan assessment and
strategies for expansion.
• The New River Gorge Regional Development Authority (NRGRDA) offers small business
support in the areas of finance, employee and labor resources, environmental permitting,
zoning, state and local taxes, existing government programs, training, media coverage, and
more. NRGRDA offers a business coach to support small businesses free of charge and
manages its own revolving and micro-loan programs. (NRGRDA, 2020)
• The West Virginia Hive Network is a regional business accelerator located in Beckley, West
Virginia. The Hive provides mentoring, coaching, technical assistance, and support tools to
aspiring business owners. (West Virginia Hive, 2020)
• The West Virginia Community Development Hub’s Communities of Achievement Program
(HubCAP) offers support for communities as they take their community development efforts
to the next level. The Hub’s staff serve as coaches, connecting the community with capacity
building resources needed to achieve the town’s goals. (HubCAP, 2020)
In addition, training and mentoring opportunities specific to hospitality and outdoor recreation
industries are recommended.