True entrepreneurship has but one goal, one drive, one primary motivating factor:
They dare to be different, strive to be great, and face risk head on. They are persistent and unyielding in their drive to build their businesses. Yet the journey from entrepreneur to CEO is full of challenges. In order to achieve this goal, an entrepreneurial company needs certain things. It needs a leader, a team, a vision, a mission, a direction, a plan, and a structure. It also needs money.
West Virginia Jobs Investment Trust (JIT) is a public venture capital fund created to develop, promote and expand West Virginia’s economy by making investment funds available to eligible businesses, thus stimulating economic growth and providing or retaining jobs within the State.
JIT invests in early stage, later stage and mature small companies who wish to expand. Opportunities to create a significant number of jobs while maintaining economic balance are favorably viewed. Economic diversification is a plus. In order to maintain its ability to assist others in the future, JIT makes investments that are expected to yield a financial return proportionate to the level of risk it assumes. JIT does not make grants or low interest loans.
JIT is typically a minority investor and is not involved in the day-to-day operations of the portfolio companies. It prefers to be an active partner with the management team, typically at the level of the Board of Directors. Specific ways in which JIT might provide assistance include:
- Developing corporate strategy
- Recruiting additional management personnel
- Arranging additional infusions of capital
WVJIT Organizational Chart
2022 WVCAP Minutes