Members also passed a resolution allowing Allevard Sogefi USA, an Italian auto parts manufacturer, to purchase new equipment. This will not be the first business the two engage in.
"We're just adding $750,000 worth of equipment to what we own and will be leasing to them," Warner said.
Also, members provided approval for a 15-year, $223,000 loan for Greenbrier Vault & Casket to acquire Greenbrier Valley Memorial Vault.
Wes Sheridan, manager for Greenbrier Vault & Casket said the company is acquiring the business from his father-in-law, who is retiring.
"That's going to help save nine jobs," Sheridan said. "It was important to get that financing for that. We were thrilled."
The authority also lowered Enterprise Properties' interest rate for the duration of its loan.
"Their rate had been 5.82 percent, which, in today's interest rate environment, is high," Warner said.
Lastly, accountants from Suttle & Stalnaker presented their independent audit of the authority. The report found no inconsistencies.
According to Suttle & Stalnaker's report, the WVEDA's total net position increased approximately $5.64 million, total assets increased by approximately $18.22 million and loan and lease agreements total approximately $58.05 million.
Reach Caitlin Cook at caitlin.c...@wvgazette.com or 304-348-5113.