FALL 2020 NEWSLETTER
RECENT NEWS AND UPDATES
The Wyoming County EDA is an economic and community development organization striving to make Wyoming County a better place to live, work and play! We provide small business loans for new and existing businesses on a regional and statewide level. Our goal is to make our hometown in the mountains of Southern West Virginia your hometown.
“Think little goals and expect little achievements. Think big goals and win big success.” - David Joseph Schwartz
COVID-19 Emergency Relief Loans
Still Available
CORRECTED: So far, we have helped secure 10 loans to businesses through the Appalachian Regional Commission COVID-19 Emergency Relief Loan Fund Effort! These loans totaled $137,500. The previous newsletter had the incorrect total loan amount listed. Find out if you're eligible for loan funding from the Emergency Relief Loan Fund by filling out the form on our website.
Loan Terms:
- Must be located in West Virginia
- $25,000 desired
- Maximum amount of loan will be two months of average business revenue or $25,000 whichever is less
- 3% APR - 60 month term with first payment deferred for 6 months
- No collateral requirements

Other information:
- Priority will be given to applicants that have not received PPP or EIDL funding; businesses that received these funds will still be considered but bank verification is required.
- $200 closing fee (can be deducted from the amount of the loan)
- From application to closing, the process is completely contactless
U.S. Securities & Exchange Commission Virtual Small Business Forum
Executive Director Laxton was a speaker at the Forum. Watch the Forum and get additional information here.
Community Fund Fundraiser Postponed
The Community Fund fundraiser that is normally held in October is tentatively postponed until February 2021 due to the ongoing COVID-19 pandemic. Stay tuned for more information!
Wyoming County EDA partnering with Advantage Valley with the FASTER WV program
The Wyoming County EDA will be managing the funding of the FASTER WV program. Learn more about this program here.
Happy EDA Board Retirement!
Photo: Mrs. Sandra Privett (left) with her daughter and husband
We would like to wish Mrs. Sandra Privett, our Board Secretary, a happy EDA Board retirement! Sandra has been serving as a member of the EDA Board since our beginnings. She was very invested in all aspects of the numerous projects that the EDA has worked on over the many years and spent countless hours reviewing Minutes as the Secretary of the Board and financial reports on the Finance Committee. She was a true asset to the EDA and will be missed.
Barkers Creek Industrial Park Featured in WV Executive Magazine
Pick up your copy of the WV Executive: 2020 Winter Edition.
Portion of the Coalfields Expressway Now Open
On October 1, Governor Jim Justice and West Virginia Department of Transportation officials declared a portion of the Coalfields Expressway open! 8.9 miles from Slab Fork in Raleigh County to Mullens in Wyoming County are now completed. This is the first four lane highway ever in Wyoming County, and we are so excited for the opportunities the Expressway will bring to our county. Drive this beautiful stretch of highway soon!

Photo: Officials attend a ribbon cutting ceremony for the Coalfields Expressway
FALL 2020 EMPLOYEE RECOGNITIONS
Christy Laxton, Executive Director| 19 Years of Service
Laura Roberts-Lambert, Administrative Assistant for Loans and Operations | 19 Years of Service
Denise Riffe, Administrative Assistant for Accounting and Finance |
1 Year of Service
Thank you for your dedication! Thank you to our volunteer Board of Directors for their time and efforts.
Making our hometown, your hometown.