Economic Grants

By: running out of time
By: running out of time

West Virginia has invested millions of dollars in projects across the state that could now be in jeopardy. Thursday the West Virginia Economic Development Authority brought in 16-separate groups to learn why the big bucks haven't been spent. And for many, time is not on their side.
Big money means big projects, 225-million dollars was divided 47-ways.
The money helped build places like Pullman Square in Huntington and the new Appalachian Power Park in Charleston, but the money was supposed to be spent before the end of the year.
David Warner is with the WV Economic Development Council, “We’re trying to stimulate those projects to be completed by that timeline and understanding with one might need a formal board extension.”
That includes a new Logan County Urgent Care Center that would be based in Man. Rob Mays is with the Logan County Trauma Center,"Trying to get some kind of health care besides a clinic there since 2001 and it seems like every time we got further something else would come up and get in the way but hopefully this will be the end of that and we can start the project
Another company, this one in South Charleston is facing its own unique scenario. John Maher is with the South Charleston Biotechnology Incubator, "We are a project that's very different from a construction project. We have to wait till the clients actually get there to see what the best expenditure is.”
Putnam County was given 3.2 million dollars, but only spent just over a million. Gary Walton is with the Putnam County Development Council, “I like the fact that we didn't spend the money and our board talked about it at length and said well maybe we should go ahead with the work and the reality was if we would have we would have spent a bunch of the money but Wal-Mart would have had to have gone and done it all over again.” So they're giving 2 million back! But most are hoping to keep every penny.
The economic development board is expected to make its decision by August 17th. The one time program was initiated by the state legislature back in 2003.

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