Home | Industrial Development Bonds Can Help You Grow Your Business in West Virginia
Published: September 14, 2026Did you know that West Virginia offers a unique financing opportunity designed to help local businesses grow? Through the Industrial Development Bond program, companies can access low‑cost funding to build, expand, and thrive right here in the Mountain State.
“The Industrial Development Bond program is such a great tool for companies to use,” said Samantha Batten, Operations Manager for the West Virginia Economic Development Authority. “While this program does not use State of West Virginia funds and the WVEDA is only the conduit issuer of these bonds, the program participants are able to use the State’s credit rating, which helps with better pricing within the bond market.”
How are the funds allocated?
Industrial Development Bonds (IDBs) are tax-exempt, conduit revenue bonds issued by public entities to provide low-cost, long-term financing for private manufacturing and economic development projects. The program is funded by investors from the bond market and administered by the West Virginia Economic Development Authority.
The State of West Virginia is allowed to issue a certain amount, as follows:
- 2026 IRS allocation: $397,625,000
- Statutory allocation to WV Housing Development Fund: $159,050,000
- Balance of “Statewide CAP”: $238,575,000
- Available for Exempt Facilities: $131,216,250
- Available for Small Manufacturing Issues: $83,501,250
- Available for EC/EZ Bonds: $23,857,500
- Total Unallocated Volume CAP: $238,575,000
How Do You Get Started?
- Get Local Support: Talk to your local county commission. They need to pass a simple resolution confirming they support your project.
- Apply Early: You can start applying on the first business day of the year. For small projects, make sure you get your paperwork in by November 1st.
- Submit Your Plan: Send your application to the WVEDA by the 15th of the month to be reviewed at the next meeting.
Don’t Wait Too Long!
Once you’re approved, you typically have 120 days to close. However, you can request an extension if you need more time. If the allocation isn’t used by the end of the calendar year, you’ll need to apply for a carryforward which can be kept for up to three years before it expires.
Ready to build the future?
For details and to start your application, head over to the WVEDA page on Industrial Development Bonds. Let’s get to work!
