WV Hive Network Inc

The WV Hive Network Inc, with the Employer Identification Number (EIN) 863097939, is a nonprofit organization dedicated to fostering entrepreneurship and economic development in Southern West Virginia.

Mission and Objectives

The mission of the WV Hive Network is to support aspiring and existing business owners in launching and growing successful businesses throughout the region. It aims to provide entrepreneurs with the resources and expertise necessary for starting and maintaining thriving companies, ultimately contributing to local economic growth and job creation.

Activities and Programs

As part of its entrepreneurship program under the New River Gorge Regional Development Authority, WV Hive works closely with various partners to create a supportive environment for start-ups and small businesses. This includes helping entrepreneurs access capital, secure federal funds, and connect with local financial institutions and mentorship resources.

Financial Overview

The organization's financial model primarily relies on income from program services, which comprises the bulk of its revenue. In recent fiscal years, WV Hive has reported over $1 million in revenue, with expenses closely aligned to support its operations and objectives.

Governance

While specific board member roles are not publicly listed, the organization operates under a governing structure typical of nonprofit entities, with key positions such as director and executive director.

Impact

The WV Hive Network has played a significant role in promoting economic development and startup initiatives in West Virginia. It continues to support local economic growth through its involvement in events such as the Future Forward Summit, which focuses on critical areas like small business growth and economic outlook.