Acting State Director Richard E. Satterfield announced yesterday that Rural Development has approved grant funding in the amount of $80,000 for Little Kanawha Area Development Corporation in Wirt County.|
"The assistance will be made through the Rural Business Enterprise Grant (RBEG) program," said Satterfield.
Rural Development funds will purchase land for the construction of a building to be used for small business expansion in Wirt County.
LKADC Director Diane Ludwig said the grant will allow the LKADC to purchase approximately 7 acres located next to the former Ravens Metals building. "Our plan is to develop the property and make it a better business site," she said.
"This project is expected to create five jobs and, in turn, will provide improved economic opportunity," stated Satterfield. "This is an example of Rural Development's commitment to the future of rural communities."
"We have a couple of businesses expressing interest in the property, but none have decided exactly how they want to move forward yet. Work needs to be done to the property before it's suitable for anything to locate there, so that will be our first priority," said Ludwig.
"We're very excited about the possibilities for the property though. It has the potential to be a good site for a small building and create some jobs," she concluded.