Home » Site Seekers Guide » West Virginia Economic Development Directory

West Virginia Economic Development Directory


WV Statewide Economic Development Agencies

West Virginia Chamber of Commerce
Stephen G. Roberts
President
P.O. Box 2789
Charleston, WV USA 25330
304-342-1115
sroberts@wvchamber.com
www.wvchamber.com
West Virginia Development Office
Mark R. Julian
Director of Business and Industrial Development
Capitol Complex, Building 6, Room 504
Charleston, WV USA 25305
304-558-2234
mark.r.julian@wv.gov
www.wvcommerce.org
West Virginia High Technology Consortium Foundation
James L. Estep
President & CEO
1000 Technology Drive, Suite 1000
Fairmont, WV USA 26554
304-333-6814
jestep@wvhtf.org
www.wvhtf.org
Workforce West Virginia
Ronald Radcliff
Executive Director
112 California Avenue, Room 609
Charleston, WV USA 25305-0016
304-558-7024
rradcliff@workforcewv.org
www.workforcewv.org

WV Utilities

Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

WV Regional Economic Development Agencies

4C Economic Development Authority
Judy R. Radford
Executive Director
116 North Heber Street, Suite B
Beckley, WV USA 25801
304-254-8115
4ceda@4ceda.org
www.4ceda.org
Advantage Valley, Inc.
Mike Herron
President
3751 Teays Valley Road
Hurricane, WV USA 25526
304-760-0950
mike@advantagevalley.com
www.advantagevalley.com
Business Development Corporation of the Northern Panhandle
Marvin Six
Director
3174 Pennsylvania Avenue, Suite 1
Weirton, WV USA 26062
304-748-5041
bdc@weir.net
www.bhbdc.org
Central Appalachia Empowerment Zone of West Virginia
Connie Lupardis
Executive Director
P.O. Box 176
Clay, WV USA 25043
304-587-2034
clupardis@caez-wv.org
www.caez-wv.org
Corridor G Regional Development Authority
Tommy Adkins
Executive Director
P.O. Box 90
Logan, WV USA 25601
304-792-7243
tommy@corridorgrda.com
www.corridorgrda.com
Greenbrier Valley Economic Development Corporation
Stephen Weir
Executive Director
P.O. Box 33, 804 Industrial Park Road
Maxwelton, WV USA 24957
304-497-4300
info@gvedc.com
www.gvedc.com
Huntington Area Development Council
Marc A. Sprouse
President
916 Fifth Avenue, Suite 400
Huntington, WV USA 25701
304-525-1161
msprouse@hadco.org
www.hadco.org
I-79 Development Council
Robert H. McLaughlin
President
P.O. Box 5099
Fairmont, WV USA 26554
304-677-9961
rmclaughlin@I79developmentcouncil.com
www.I79developmentcouncil.com

Little Kanawha Area Development Corporation
Diane Ludwig
Director
P.O. Box 508
Elizabeth, WV USA 26143
304-275-4231
dludwig@littlekanawha.com
www.littlekanawha.com
Mid-Ohio Valley Regional Council
James P. Mylott
Executive Director
531 Market Street
Parkersburg, WV USA 26101
304-422-4993
jim.mylott@movrc.org
www.movrc.org

Morgantown Area Economic Partnership
Donald Reinke
President
955 Hartman Run Road, Suite 200
Morgantown, WV USA 26505
304-296-6684
info@morgantown.org
www.morgantown.org
Polymer Alliance Zone, Inc.
Karen Facemyer
President
1 Polymer Way
Davisville, WV USA 26142
304-428-1622
kfacemyer@pazwv.org
www.pazwv.org

Regional Economic Development Partnership
Don T. Rigby
Executive Director
1310 Market Street, 3rd Floor, P.O. Box 1029
Wheeling, WV USA 26003
304-232-7722
drigby@redp.org
www.redp.org
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

WV County Economic Development Agencies

Putnam County Development Authority
Gary S. Walton, CEcD
Executive Director
P.O. Box 167
Scott Depot, WV USA 25560
304-757-0318
pcda@pcda.org
www.pcda.org
Wouldn’t you like to have employees who rate #1 in productivity? Toyota’s Buffalo, WV engine plant workers are again rated #1 in productivity.
Berkeley County Development Authority
Stephen L. Christian
Executive Director
300 Foxcroft Avenue, Suite 201
Martinsburg, WV USA 25401
304-267-4144
schristian@developmentauthority.com
www.developmentauthority.com
Braxton County Development Authority
Terrell Ellis
Executive Director
P.O. Box 1925
Charleston, WV USA 25327
304-342-6972
tbeassoc@aol.com
www.braxtoncountywv.org

Harrison County Development Authority
Judy Gonzales
Administrator
1215 Johnson Avenue
Bridgeport, WV USA 26330
304-326-0213
hcda@westvirginia.com
www.hcdawv.com
Jefferson County Development Authority
Thomas Bayuzik, Jr.
Executive Director
P.O. Box 237
Charles Town, WV USA 25414
304-728-3255
tom@jcda.net
www.jcda.net
Marion Regional Development Corporation
Sharon Shaffer
Executive Director
112 Adams Street, Suite 201
Fairmont, WV USA 26554
304-333-6732
director@marionrdc.com
www.dobizinmarion.com
Mercer County Economic Development Authority
Janet Bailey
Executive Director
1500 West Main Street
Princeton, WV USA 24740
304-431-8521
info@mercercoeda.com
www.mercercoeda.com
Preston County Economic Development Authority
Roberta Baylor
Executive Director
330 East Main Street, Suite 100
Kingwood, WV USA 26537
304-329-2299
robertabaylor@hotmail.com
www.prestonwv.com
The Area Roundtable (Wood County)
Cam Huffman
President & CEO
409 1/2 Market Street, P.O. Box 1683
Parkersburg, WV USA 26101
304-422-5650
cam@arearoundtable.com
www.arearoundtable.com
Wayne County Economic Development Authority, Inc.
Don Perdue
Executive Director
608 Hendricks Street, Suite 202, P.O. Box 519
Wayne, WV USA 25570
304-272-9050
wceda@suddenlinkmail.com
www.wceda.org
Webster County Economic Development Authority
Geary Weir
Executive Director
139 Baker Street
Webster Springs, WV USA 26288
304-847-2145
wcda@websterwv.com
www.websterwv.com
Wyoming County Economic Development Authority
Christy Laxton
Executive Director
P.O. Box 1828
Pineville, WV USA 24874-1828
304-732-6707
christylaxton@wyomingcounty.com
www.wyomingcounty.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

WV City Economic Development Agencies

Charleston Area Alliance
Andrew Dunlap
Economic Development Project Manager
1116 Smith Street
Charleston, WV USA 25301
304-340-4253
adunlap@charlestonareaalliance.org
www.charlestonareaalliance.org
Charleston Mayor’s Office of Economic & Community Development
Brian King
Director
105 McFarland Street
Charleston, WV USA 25301
304-348-8035
brian.king@cityofcharleston.org
www.cityofcharleston.org
Wheeling Area Chamber of Commerce
Terry A. Sterling
President
1310 Market Street, 2nd Floor
Wheeling, WV USA 26003
304-233-2575
terrysterling@wheelingchamber.com
www.wheelingchamber.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

West Virginia State Incentives

SALES TAX EXEMPTION FOR CERTAIN E-COMMERCE BUSINESSES: Some computer-related sales of tangible personal property and services are exempt from the consumer sales and services tax.

SALES TAX EXEMPTION FOR CERTAIN WAREHOUSE AND DISTRIBUTION CENTERS: Purchases of certain tangible personal property in qualified warehouse and distribution centers may be exempt from the consumers’ sales and service tax.

The COMMERCIAL PATENT INCENTIVES TAX CREDIT can offset up to 100 percent of the business franchise tax, corporation net income tax, or in the case of individual taxpayers, the personal income tax. The credit is based on a percentage of royalties, license fees and other consideration for developers of a patent or a percentage of net profit attributable to a patent used in a manufacturing process or product.

HIGH-TECH MANUFACTURING CREDIT: Businesses that manufacture certain computers and peripheral equipment, electronic components or semi-conductors and which create at least 20 new jobs within one year after placement of qualified investment into service, can receive a tax credit to offset 100 percent of the business and occupation tax, business franchise tax, corporate net income tax, and personal income tax on certain pass through income for 20 consecutive years.

HIGH-TECHNOLOGY BUSINESS PROPERTY VALUATION ACT: Tangible personal property, including servers, directly used in a high-technology business or in an internet advertising business is valued for property tax purposes at 5 percent of the original cost of the property. In addition, sales tax is eliminated from all purchases of prewritten computer software, computers, computer hardware, servers, building materials and tangible personal property, for direct use in a high-technology business or internet advertising business.

LINKED DEPOSIT LOAN PROGRAM: Allows small, for-profit state employers with 50 or fewer employees and gross annual receipts of $5 million or less to apply for a linked deposit loan with an interest rate of 1 percent above published New York Prime, up to $250,000.

FILM INDUSTRY INVESTMENT ACT: Provides up to 31percent tax credits for in-state spend (27 percent base, plus 4 percent if 10 or more West Virginia residents are hired full time). Funded at $10 million annually; no caps; minimum spend of $25,000. Eligible projects include feature length films, TV films and series, commercials, music videos and commercial still photography.

CORPORATE HEADQUARTERS CREDIT: Companies that relocate their corporate headquarters to WV are eligible for tax credits if 15 new jobs (including relocated employees) are created within the first year. The credit can offset up to 100 percent of the tax liability for business and occupation tax, business franchise tax, corporate net income tax and personal income tax on certain pass through income, for a period of up to 13 years.

ECONOMIC OPPORTUNITY CREDIT: For qualified companies that create at least 20 new jobs within specified time limits (10 jobs in the case of qualified small business) as a result of their business expansion project, the State’s Economic Opportunity Tax Credit can offset up to 80 percent of specified business taxes for a period of up to 13 years. If a qualified company that creates the requisite number of jobs pays an annual median wage higher than the statewide average non-farm payroll wage, then the qualified company can offset up to 100 percent of the specified taxes for up to 13 years.

For qualified businesses creating less than 20 new jobs within specified time limits, or for a qualified small business creating less than 10 new jobs, a $3,000 credit is allowed per new full time job for five years, providing the new job pays at least $32,000 per year and the employee has employer-provided health insurance benefits. The $32,000 figure is adjusted annually for cost-of-living.

“FIVE-FOR-TEN” PROGRAM: Provides property tax valuation for new investment property of manufacturers that make qualified capital improvements of more than $50 million to an existing manufacturing facility having an original investment asset cost base of at least $100 million. Under this program, the new capital addition is valued at 5 percent of original cost for the first 10 years after it is placed on the property tax rolls.

MANUFACTURING INVESTMENT CREDIT: A tax credit is allowed against up to 60 percent of corporate net income tax and business franchise tax based on qualified investment in eligible manufacturing property, with no new job creation required.

MANUFACTURING INVENTORY CREDIT: Offsets the business franchise tax and corporate net income tax in the amount of property tax paid on raw materials, goods in process and finished goods manufacturing inventory.

STRATEGIC R&D CREDIT: Can offset up to 100 percent of corporate net income tax and business franchise tax, based on qualified expenditures for R&D projects.

AIRCRAFT VALUATION: Aircraft owned or leased by commercial airlines, charter carriers, private carriers and private companies are valued for property tax purposes at the lower of fair market salvage value or 5 percent of the original cost of the property.

MANUFACTURING SALES TAX EXEMPTION: Purchases of materials and equipment for direct use in manufacturing are exempt from the 6 percent state sales and use tax, including building materials and process equipment purchased for construction of a manufacturing facility.

SPECIAL RATES OF ELECTRIC POWER FOR INDUSTRIAL CONSUMERS: The WV Public Service Commission may establish special rates that in its judgment are necessary or appropriate for the continued, new or expanded operation of energy-intensive industrial consumers. In order to qualify for a special rate, an industrial facility, plant or enterprise shall enter into negotiations with the utility, having a contract demand of at least 50,000 kilowatts of electric power at its WV facilities under normal operating conditions; create or retain at least 25 full time jobs in the state; have invested not less than $500,000 in fixed assets in the state; and provide reasonable evidence that without the special rate, the operation is threatened or not economically viable.

RESEARCH & DEVELOPMENT SALES TAX EXEMPTION: Purchases of tangible personal property and services directly used in research and development are exempt from the consumers’ sales tax.

TAX INCREMENT FINANCING: Allows increases in property tax based on the improvement associated with qualified economic development and public improvement projects to assist with their long-term financing.

TOURISM MATCHING ADVERTISING PARTNERSHIP PROGRAM: Provides reimbursable matching funds for direct advertising. Business applicants and their partners must provide a minimum of 50 percent of the total cost for programs at the $10,000 + level. For programs not exceeding $7,500, business applicants must provide 25 percent of the total cost.

GOVERNOR’S GUARANTEED WORK FORCE PROGRAM: Flexible, customized training program that offers assistance to eligible companies and businesses by providing funding that directly supports the transfer of knowledge and skills. Companies must create a minimum of 10 net new jobs within a 12-month period.

WORKFORCE INVESTMENT ACT (WIA) PROGRAM: Customized training program available to employers that hire individuals that meet specific program requirements. The program targets job seekers that are either economically disadvantaged or displaced due to job shifting in the region.

WEST VIRGINIA ADVANCE PROGRAM: Offers customized job training awards to new and existing businesses. It supplies development and delivery of training services that will support a company’s startup and ongoing employee development initiatives through a local Community and Technical College.


email

About The Author

BF Staff

Number of Entries : 1664

© 2015 Business Facilities Magazine | Group C Media, Inc. | Privacy Policy | Terms Of Use



email