Small Business Investment Grant Fund

This bill creates the Small Business Investment Grant Fund to provide financial support to eligible investors who make qualifying investments in West Virginia small businesses. The fund, administered by the West Virginia Small Business Financing Authority, will offer grants up to $25,000 per investment (with a maximum of $100,000 per investor) for investments made between July 2027 and January 2029. To qualify, businesses must meet specific criteria including annual gross revenues under $1 million, operation primarily within West Virginia, and no more than 50 in-state employees. Investors must hold the investment for at least two years to maintain the grant, and businesses that relocate or close within two years must repay the grant amount to the fund.