The West Virginia Capital Access Program (WVCAP) approved a loan of $75,000 for Johnny B’s Campground, LLC, a campground in Randolph County.
The campsite serves RVs, travel trailers, primitive camping sites and tent camping sites and sits on the first 4-H site in the world. The funding will support site improvements providing a quality recreation experience to locals and visitors to the rural regions of Route 219 South between Elkins and the Snowshoe Resort.
“Through the WVCAP initiative, West Virginia’s small enterprises are empowered to flourish within our state’s scenic landscapes,” said Andy Zulauf, Executive Director at the West Virginia Jobs Investment Trust (WVJIT). “This program serves as a gateway for West Virginian entrepreneurs to readily acquire the financial backing essential for propelling their businesses towards greater horizons.”
WVCAP provides West Virginia small businesses with debt or equity capital to expand and create jobs. WVCAP assists credit-worthy companies that may not fit traditional lending models.
WVCAP is administered by WVJIT.
For more information, to apply for funds, contact the West Virginia Jobs Investment Trust at wvjit.wv.gov.
West Virginia Jobs Investment Trust (JIT) is a public venture capital fund created to develop, promote and expand West Virginia’s economy by making investment funds available to eligible businesses, thus stimulating economic growth and providing or retaining jobs within the State.
JIT invests in early-stage, later-stage and mature small companies that wish to expand. Opportunities to create a significant number of jobs while maintaining economic balance are favorably viewed.
