The West Virginia Development Office supports business and industry in the state and assists new companies with site location and employee training programs as well as with the construction of plants and access roads and the provision of essential services. The West Virginia Economic Development Authority may make loans of up to 50% of the costs of land, buildings, and equipment at low interest rates for a normal term of 15 years. Tax incentives include a credit of 10% on industrial expansion and revitalization, applicable to the business and occupations tax over a 10-year period. The Development Office helps small business by investing in venture capital companies and by offering loans for venture capital purposes. In 2003, West Virginia has trade offices in Munich, Germany and Nagoya, Japan. The main emphasis of the Governor's program was work force development.