Diversifying Coal-Impacted Economies

Southern West Virginia, with an abundance of natural resources and amazing natural beauty, is poised to move forward in the development of a sustainable tourism economy. The Natural Capital Investment Fund (NCIFund) and the Hatfield-McCoy Regional Recreation Authority (Hatfield-McCoy) have partnered to help this effort by providing business loans, entrepreneurial training and small business coaching in the region. The opportunity for business expansion and new start-ups around the Hatfield McCoy trails has never been greater. NCIFund and Hatfield-McCoy want to help individuals and companies capitalize on this opportunity.

The initiative centers around the 600 (and growing) miles of the off-highway vehicle Hatfield McCoy-Trail System, one of the largest in the world, established by Hatfield-McCoy. By supporting a strong tourism infrastructure, the initiative helps coal-impacted communities take advantage of their natural beauty, connect more people to nature, and bring in valuable tourism dollars to the region and the state.

In partnership with Hatfield-McCoy, NCIFund will help increase access to capital in coal-impacted communities by creating a revolving loan fund and providing business coaching and marketing services to support tourism related enterprises.

Eligible Projects

Financial and technical assistance available in the following areas:
• Real estate acquisition; development of rental cabins and lodging facilities
• Business acquisition or expansion
• Business plan development
• Accounting assistance
• Market assessment
• Equipment financing and working capital
• Marketing and branding
• Hiring new staff to serve a growing market
• Lending
• Energy efficiency/renewable energy projects

Eligible counties include: Boone, Kanawha, Lincoln, Logan, McDowell, Mingo, Wayne, Wyoming

Learn More

News: New Grant Funding Supports Small Business Development In West Virginia’s Coal-Impacted Communities
Visit the Hatfield-McCoy Regional Recreation Authority website