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$1.5M federal grant to help West Virginia businesses

March 5, 2021 GMT

CHARLESTON, W.Va. (AP) — A $1.5 million federal grant will help set up an emergency loan fund for businesses in West Virginia affected by the pandemic, the state’s U.S. senators announced on Thursday.

The grant was awarded to National Capital Investment Fund, Inc. in Charles Town and came from the U.S. Economic Development Administration, a news release from Sen. Shelley Moore Capito and Joe Manchin said. The money will help the group launch an Emergency Response Loan Fund and expand technical assistance services for struggling businesses.

“Right now, it is critical that we supply our businesses with the assistance needed to make it through this pandemic,” Capito said.

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Manchin said the grant “will also create and retain good-paying jobs and generate private investment.”