GreatWestVirginia.com is the West Virginia directory offering links to business & economy, arts & entertainment, computer & networking, education, recreation & sport, travel in West Virginia.

Archive for the ‘Business & Economy’ Category

Auto Insurance in West Virginia

Wednesday, March 2nd, 2011

The financial responsibility law of West Virginia demands every driver to carry auto insurance documents on their automobiles. Every vehicle owner is supposed to abide by this law, failing which they would come under the direction of a discretionary authority responsible for the state laws of auto insurance in Wisconsin. As a vehicle owner you stand a chance of increasing the coverage limits of your auto insurance should the need be. The laws for auto insurance in West Virginia allow coverage up to $10,000 for property damage, however the limit for bodily insurance coverage touches $20,000 as a minimum figure and it only can get up to $40,000. Put simply, one can get a coverage of the aforementioned amount in the event of any casualty or injury to the third party involved in the accident.

No citizen of West Virginia can even think about the possibility of escaping from the claims and charges when he or she is caught for driving without auto insurance. The laws put down by the authorities necessitate that a driver must have auto insurance even if it is invalid, i.e. it has already lapsed. This is why all insurance agencies present the drivers with a proof which must be carried on the vehicle at all times. The proof is an identification card meant for verifying the insurance of the driver who drives the auto. Statistics show a noticeable increase in the price of insurance premium thanks to strict laws which have forced people to come out and apply for different insurance coverages so as to be insured. The average premium price was standing at $877 approx. in the year 2008 which resulted because of a 3.6% increase in the average premium price that was about $844 in 2007.

West Virginia Small Business Grants

Saturday, September 4th, 2010

One of the very famous West Virginia business grants arrives from the federal government. But, in contrary, many of the federal sponsored grants are available to the other businesses apart from those not for profit enterprises. The Small Business Innovation Research – SBIR and the Small Business Technology Transfer – STTR grants yearly award $1 billion towards research and development resources and contracts to the small businesses for the development of new products and the services of technology based. These grants remain funding sent into the economy of West Virginia and permit the state to remain on the critical edge of novelty in the business. The website of SBIR contains all the details pertaining to procedure for applying.

Idea Cafe is an organization run privately. It motivates creativity and impel from its collection of applicants. The vision at Idea Cafe is that the entrepreneur of the small business takes care of the economy. To assist in developing every business of the winner, Idea Cafe gives $1000 as prize to many of the stirring owners of the business. There are no restrictions on the applicants regarding the status of the business as profit in Idea Cafe like any other grants sponsored by the government. There is no necessity that the applicant should be charitable enterprise to take advantage from the kindness of Idea Cafe. Idea Cafe has given out around 9 grants from 2001 and also has offered hundred of various other business grants in West Virginia. The website is available and any one can join freely in it and can get the listing of grant and also can apply for the grant.

If the business is meant for promoting the advertising projects that encourages the trade of tourism for West Virginia, while also rationalizing as an attraction, then this business will get qualified for the MAPP – Matching Advertising Partnership Program. The keyword for this is matching. It means that the entrepreneur has to demonstrate some of the competence at the private fund developing so as to get the awareness of the grant program. But, with the MAPP, one can possible get the reimbursement for the complete funds for the project. For applying, one should first give consideration to the quantity of money that is required for the project. The applications can be availed for the grant ranging from $5000 to $10000 and also for more amounts.