KANAWHA COUNTY, W.Va. (WOWK) — The Kanawha County Commission is accepting applications for financial assistance to new or expanding small businesses located in the Upper Kanawha Valley.
The program, known as UKAN (Upper Kanawha Business Assistance Program), aims to promote a sense of entrepreneurship and business growth in an area of the county hit hard by the decline of the coal industry.
“The Kanawha County Commission recognizes that the communities in the eastern end of the county have suffered through significant job losses and population decline over the past decade. The downturn in the mining industry, along with the closure of the Glasgow AEP power plant and the relocation of WVU Tech to Beckley, has had a devastating impact on the eastern end of Kanawha County. By offering funding to new and existing businesses, the Commission is providing a much-needed boost to the Upper Kanawha Valley and our local economy,” said Commissioner Ben Salango.
Ten $10,000 grants will be awarded. The program will offer forgivable loans to businesses with 25 or fewer employees to assist with capital expenses and working capital needs. Eligible applicants must commit to locating their business for at least two years in the Upper Kanawha Valley.
Applications will be accepted until April 15, 2019. Information including an Application for the UKAN program may be found at https://kanawha.us/ukan.