The bill amends and reenacts sections of the West Virginia Code to enhance the West Virginia Business Ready Sites Program, specifically focusing on the Certified Sites and Development Readiness Program. It establishes a structured program within the Division of Economic Development to evaluate and certify sites based on their readiness for development. The program will include an application process for state and local governmental entities to identify potential sites, and the Division will provide funding assistance through matching grants and micro grants to improve site readiness. The bill outlines the criteria for funding, including a maximum grant amount based on site size, and mandates that funds must be utilized within a specified timeframe.

Additionally, the bill emphasizes the importance of adequate utility infrastructure for industrial development in West Virginia. It allows for the certification of industrial development sites that lack sufficient utility services and enables public utilities to propose infrastructure development plans to the Public Service Commission. The bill ensures that sites certified under this program are eligible for funding from the Certified Sites and Development Readiness Program, contingent upon approval from the Department of Commerce. Overall, the legislation aims to bolster economic development by improving site readiness and utility infrastructure in the state.

Statutes affected:
Introduced Version: 5B-2-19, 24-2-1n
Engrossed Version: 5B-2-19, 24-2-1n
Enrolled Version: 5B-2-19, 24-2-1n