- July 13, 2021
- Posted by: Stratford Team
- Category: Business
This story was originally published by Mountain State Spotlight. Get stories like this delivered to your email inbox once a week; sign up for the free newsletter at https://mountainstatespotlight.org/newsletter
A lot of other states were doing it. And the pressure got to West Virginia to follow suit.
Now, lawmakers have approved putting $30 million into a deal-closing fund meant to attract new businesses to the state, following Gov. Jim Justice’s recommendation during the recent special session. Dubbed the “seal the deal” fund, the money is meant to go to projects that will convince a company to come to West Virginia.
Economic Development Secretary Mitch Carmichael says this kind of fund is necessary for West Virginia to compete with its neighbors.
“In a post-pandemic world, we’re trying to recover from our worldwide economic slowdown, and other states have these tools,” Carmichael said. “Why…
