West Virginia on Business Facilities Online
WEST VIRGINIA Fast Facts
• Population (2008): 1,814,468
• Largest Cities (2008): Charleston, 50,302; Huntington, 49,185; Parkersburg, 31,611; Morgantown, 29,642;
Wheeling, 28,913
• Targeted Industries: Aerospace, Automotive, Business Services/Back Office, Chemical, Plastics
• Key Incentives:
Five-For-Ten Program, Economic Opportunity Credit, Manufacturing Investment Credit, Strategic
R&D Credit
• GDP (All Industry 2008):
$61.6 billion*
*Bureau of Economic Analysis, U.S. Department of Commerce
WEST VIRGINIA State Incentives
The Economic Opportunity Credit is available to businesses
that make a qualified investment in a new or expanded business.
It is also available for qualified small businesses and headquarters
relocation. The credit offsets 80% of taxes for up to 13 years.
The minimum job requirement is 20.
The Manufacturing Investment Tax Credit is for manufacturers
that make qualified capital investments in an industrial facility;
it allows a 50% corporate net income tax credit and franchise tax
credit based on investment with no new job creation required.
Businesses engaged in qualified R&D activities are eligible for
the Strategic R&D Credit. It allows for up to 100% tax offset
for R&D projects, and it may be refundable in some cases. As always,
certain R&D purchases are exempt from the state's sales, service
and use taxes. Purchases of tangible personal property and services
for direct use in research and development are exempt from West
Virginia's consumer sales and service tax and use tax.
The High Growth Business Investment Tax Credit is equal
to 50% of the qualified investment made in companies that have been
certified by the tax commissioner as eligible for the Strategic
R&D Tax Credit.
Explore detailed community demographic information at ZoomProspector.com
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West Virginia State Resources
STATE CONTACTS
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UTILITIES
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REGIONAL CONTACTS
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COUNTY CONTACTS
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
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CITY CONTACTS
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- State Contacts
- Utilities
- Regional Contacts
- County Contacts
- City Contacts
West Virginia High Technology Consortium Foundation
James L. Estep
President & CEO
1000 Technology Drive, Suite 1000
Fairmont, WV USA 26554-8827
304-366-2577
jestep@wvhtf.org
www.wvhtf.org
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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
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
Greenbrier Valley Economic Development Corporation
Richard Nevi
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
Gerald McDonald
President
916 Fifth Avenue, Suite 400
Huntington, WV USA 25701
304-525-1161
hadco@hadco.org
www.hadco.org
Regional Economic Development Partnership
Don Rigby
Executive Director
1310 Market Street, 3rd Floor
Wheeling, WV USA 26003
304-232-7722
drigby@redp.org
www.redp.org
West Virginia Hardwood Alliance Zone
Jennifer Giovannitti
Member
10 Eleventh Street
Elkins, WV USA 26241
304-636-9542
jen@rcdawv.org
www.wvhaz.org
Harrison County Development Authority
Judy Gonzales
Administrator
215 West Main St., Room 109, P.O. Box 2443
Clarksburg, WV USA 26301
304-623-3596
hcda@westvirginia.com
www.hcdawv.com
Jefferson County Development Authority
Jane K. Peters, CEcD
Executive Director
P.O. Box 237
Charles Town, WV USA 25414
304-728-3255
jane@jcda.net
www.jcda.net
Wayne County Economic Development Authority, Inc.
Robert Trocin
Executive Director
P.O. Box 519
Wayne, WV USA 25570
304-272-9050
wceda@charter.net
www.wceda.org
