West Virginia Business Resource Directory

West Virginia Development OfficeProgram: Tax Increment Financing (TIF)Financial AssistanceS t a t e w i d eContactTodd Hooker, Sr. Manager of Financial Programs & National Accounts304-558-2234todd.e.hooker@wv.govTargetAudienceFundingCounty Commissions, Class I & II Municipalities, Private DevelopersN/ATotal available: N/AMinimum or maximum amount a participant can receive: N/AApplicationProcessApplications are accepted on an on-going basis.Deadlines: N/ADescriptionEligibleApplicantsRestrictionsThis is a financing program whereby increases in property tax collectionsthat have resulted from private investments can be used to finance publicimprovements by pay as you go or the sale of bonds.County Commissions and Class I and II Municipalities..All applicants must pass the “but for” test meaning that the Tax IncrementFinancing project would not happen with TIF assistance.W E S T V I R G I N I A D E V E L O P M E N T O F F I C E D–21