Community Development Venture Capital Alliance

West Virginia Jobs Investment Trust
West Virginia Jobs Investment Trust Board
Fifth Floor, 1012 Kanawha Boulevard, East
Charleston, West Virginia 25301
Phone: (304) 345-6200
Fax: (304) 345-6262
Website: www.wvjit.org
Email: board@wvjit.org

Key Personnel:
Richard Ross, Executive Director
Matthew Wender, Investment Manager
Scott Gannon, Investment Analyst

Established: 1992

Total Committed Capital: $16M, with the goal of approximately $25 million.

Amount Invested: $15.9 million

Geographic Focus: West Virginia

Background
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.

Social Mission
To build businesses and create jobs to benefit the residents of West Virginia.

Investment Information
The Fund only invests in companies that are located in, employ a work force in, and offer products or services for the benefit of West Virginia. 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. The Fund does not make grants or low interest loans. JIT understands that each investment will require its own unique structure and does not limit its resources to specific industries. JIT is typically a minority investor and is not involved in the day-to-day operations of the portfolio companies and prefers to be an active partner with the management team, typically at the level of the Board of Directors.