West Virginia Data and Stories

State Fact Sheet

Map of Selected Projects in West Virginia

Community Testimonials

The NMTC is a pivotal tool that seriously assists in economic development. From a creditors standpoint it reduces the risk in the investment of financing the project. From a developers standpoint the NMTC can be the triggering factor to make the overall a project move forward. The NMTC projects create growth in the economy, especially in distressed and underserved markets that are in dire need to investments. This types of economic development tools are critical to allow for future growth. MVB Community Development Corporation is fully supportive of the NMTC and has seen firsthand of how these types of credits can and will continue to foster growth.

-Martin Howe, President, MVB Bank Community Development Corporation, Clarksburg, West Virginia

Selected Projects in West Virginia

Calhoun Community Center

Grantsville,
WV
(2023)

Nonprofit Hub

CDE(s): Community Ventures

The former Calhoun High School is being renovated as a Community Center. They will offer a daycare as well addiction support meetings. Up to 50 children will attend the daycare

Staats Building Renovation

Charleston,
WV
(2023)

Historic Rehabilitation, Mixed-use

CDE(s): WesBanco

A full-scale rehabilitation of a vacant 37,000 sq. ft. 4-story brick structure originally built in 1922 to house a major tenant offering impactful community services.

Wheeling YWCA

Wheeling,
WV
(2023)

Shelters and Community Food, YMCAs and YWCAs

CDE(s): National Trust Community Investment Corporation

The project is the renovation of a century-old building occupied by the YWCA of Wheeling that now requires essential repairs and upgrades to ensure the YWCA can continue its mission

Robert C. Byrd Behavioral Health Center

Behavioral Health, Healthcare

CDE(s): WesBanco

A 28,800 sq. ft. medical office building expands access to behavioral health care.

Parkersburg Orthopedics Associates Inc

Parkersburg,
WV
(2020)

Community, Healthcare

CDE(s): WesBanco

Funding to remodel the lower floor of a medical building, allowing for the addition of doctors and staff.

Braxton County Memorial Hospital

Gassaway,
WV
(2020)

Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): WesBanco

The borrower was seeking funding for the purchase and installation of a software system used across the entirety of their parent institution.

Upshur County Innovation Center

Buckhannon,
WV
(2020)

Business Development, Community, Incubator, Retail, Rural

CDE(s): People Incorporated Financial Services

Construction of modern professional office space in downtown Buckhannon, WV consisting of modern amenities and technology along with fiber gigabit connectivity.

Kanawha County Public Library

Charleston,
WV
(2020)

Community, Library

CDE(s): Chase, Community Ventures, Virginia Community Development Fund

Financing certain costs incurred or to be incurred in connection with the renovation and development of public library.

Summersville Regional Medical Center

Summersville,
WV
(2020)

Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): WesBanco

The borrower was seeking funding for the purchase and installation of a software system used across the entirety of their parent institution.

West Virginia Great Barrel Company Project 2

Caldwell,
WV
(2020)

Business Development, Floods, Manufacturing, Rural

CDE(s): Community Ventures

NMTC financing supported the West Virginia Great Barrel Company Project.

Wheeling Stamping Building

Wheeling,
WV
(2003)

Business Development, Historic Rehabilitation, Office

CDE(s): National Trust Community Investment Corporation

Rehab of the Wheeling Stamping Building in Wheeling, West Virginia, a 94,000 sq. ft. brick warehouse.

Renaissance Village

Welch,
WV
(2019)

Affordable Housing, Community, FQHCs, Healthcare, Housing, Mixed-use, Rural

CDE(s): Building America CDE

NMTC brings first new commercial or residential development in the community in 50 years to Welch, WV.

Site visits and recent news related to West Virginia NMTC Projects

Sen. Capito (R-WV) tours Robinson Grand Theater in Clarksburg

Capito took a tour through the building, learning more about the future of the renovated facility. It was part of a tour through the state highlighting economic development opportunities in many different industries.

Learn more...

Feb-2018

The West Virginia Great Barrel Company Demonstrates NMTC Success

July 2, 2024

American Resources Corporation Receives Commitment of $4,900,000 in NMTCs for Oceana, WV Project

August 9, 2022

CCML Financing of the Lyme Timber Company Introduces New Safe Logging Technology

August 15, 2018