Money

Caitlin Tan/ WVPB

A new grant program is taking applications for economic development projects in coal-impacted areas of Appalachia. 

Opportunity Appalachia is a collaboration between multiple non-profits and philanthropic organizations across central Appalachia. Project organizers expect to select 15 projects; each awardee will be coached by experienced business and development professionals. They value the support at an average of $50,000 per project.


Money, Cash
2bgr8 / Deviantart

West Virginia Attorney General Patrick Morrisey announced a $220 million settlement with Deutsche Bank for fraudulent conduct.

Perry Bennett / West Virginia Legislative Photography

While the House took up the budget Monday, the Senate passed a bill that puts a little more than $2 million from state reserves into the Boone County Board of Education.

Senate Bill 1010 is a supplemental appropriation that would take money from general revenue and state reserves to help the Boone County school system get back on its feet after a decline in tax revenue this fiscal year.

Money, Cash
2bgr8 / Deviantart

On Thursday, the West Virginia Department of Environmental Protection announced a multi-million dollar agreement with one of the state’s largest coal operators - one that’s currently in bankruptcy court.

The deal was struck in light of concerns over whether or not the company would be able to pay for cleanup of mines after bankruptcy.


West Virginia State Capitol
davidwilson1949 / wikimedia Commons

  West Virginia’s Secretary of Revenue Bob Kiss says there were few surprises for the state when it comes to tax collections in March, but not a lot of good news.

March 2016 saw no growth in personal income tax or sales tax revenue collections compared to March 2015. Severance tax collections were also down close to 40 percent compared to the same month in the previous year.

Money, Cash
2bgr8 / Deviantart

A bank official in Philippi says Alderson Broaddus University has defaulted on repayment of bonds totaling more than $36 million.

BCBank president and CEO Jeffrey Goff told The Exponent Telegram that the university failed to make required payments after either the second quarter or the third quarter.

Money, Cash
2bgr8 / Deviantart

Starting on New Year's Day, the lowest-paid workers in West Virginia will get a raise.

The Mountain State's minimum wage is set to increase by 75 cents to $8 per hour on Thursday.