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Bill > HB4008


WV HB4008

WV HB4008
Relating to Business Ready Sites Program


summary

Introduced
01/14/2026
In Committee
01/27/2026
Crossed Over
01/23/2026
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

A BILL to amend and reenact §5B-2-19 of the Code of West Virginia, 1931, as amended; and to amend and reenact §24-2-1n of the code; relating to the West Virginia Business Ready Sites Program.

AI Summary

This bill modifies the West Virginia Business Ready Sites Program and the Certified Sites and Development Readiness Program to enhance economic development by making it easier for eligible sites to receive funding for infrastructure improvements. Specifically, it increases the maximum grant amounts available through the micro grant program for site development readiness, allowing larger sites to receive up to $250,000. It also clarifies that sites eligible for the Business Ready Sites Program can access funds from the Certified Sites and Development Readiness Fund, provided the Department of Commerce approves each application. The bill aims to incentivize utilities to build necessary infrastructure for industrial sites, making West Virginia more competitive in attracting new businesses by ensuring these sites are ready for development.

Committee Categories

Business and Industry, Transportation and Infrastructure

Sponsors (11)

Last Action

To Economic Development (on 01/27/2026)

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