PRINCETON, W.Va. – The City of Princeton is inviting the public to a Build WV training event coming up next month.
Building contractors, investors, banking institutions, and other members of the public are all invited to join the City of Princeton and the West Virginia Department of Economic Development to learn about the program.
“It’s to inform the public, any investors that are in the development of housing in the area, bankers or anybody else that’d be interested in the program, they can come and learn about the incentives that are associated with the West Virginia Build Act,” said Samuel Lusk, Economic Development Director for the City of Princeton.
The act affects the city as well as a 20 square miles outside of it, and those who apply are eligible for certain tax breaks.
Passed in the 2022 legislative session, the Build WV Act aims to assist West Virginia’s growing communities in attracting much-needed housing development projects, with the City of Princeton chosen as one.
“This area, southern West Virginia needs housing, there’s growth going on with the hospital here, there’s growth going on within the city,” said Mike Webb, Princeton’s City Manager. “We’ve added jobs over the last few years by the dozens, you might say as far as new businesses, and so we really need new housing, fresh housing, and so this is going to be a part of that.”
The event will take place at 11 a.m. on February 6, and will be located at Princeton City Hall.
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