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West Virginia

West Virginia

Centrally located in the Eastern United States with overnight shipping distance to two-thirds of the American population and one-half of the US industry, West Virginia offers unique advantages to British companies in North America. With its combination of abundant natural resources, remarkable infrastructure backbone and its dependable and capable employees, West Virginia makes an ideal choice for international and domestic investment.

West Virginia is Open for Busines – What does that mean for you?

  1. The 2005 Milken Institute Cost of Doing Business Index showed that West Virginia’s cost of doing business was 14% below the United States average.
  2. Energy Information Administration data establishes that West Virginia had the 3rd lowest industrial and the lowest residential electricity rates in the nation during 2005.
  3. West Virginia’s overall annual average manufacturing payroll is 84% of the national average.
  4. The Polymer Alliance Zone of West Virginia (PAZ) has the highest concentration of high technology, specialty, and engineering polymer production in the world.
  5. West Virginia is the home of 73 chemical plants, 100 chemical distribution centres, and a community approval of over 80%, one of the highest in the nation.
  6. As an example of the outstanding business performance, Toyota’s West Virginia Engine Plant has been named the productivity benchmark for four-cylinder engine production by the Harbour Report 2005.
  7. The Governor’s Guaranteed Workforce Program provides up to $2,000 for training per employee for every job created. This funding can be used for training costs in the state or sending West Virginia-based employees to Europe for training.
  8. In 2006, Forbes magazine ranked Morgantown, West Virginia 5th for “Best Small Places for Business”.
  9. According to American Chamber of Commerce Researchers Association figures, West Virginia’s cost of living was 8% below the US average.
  10. FBI Uniform Crime Statistics report that West Virginia has the 4th lowest crime index.

What we can do for you

The State of West Virginia works with British companies with any questions or concerns that may arise while deliberating or planning an expansion in the North American market – confidentially and costfree. Together with our colleagues in West Virginia, our responsive and professional service is unmatched, especially for mid-sized or smaller projects. Incentive maximization, fast-track permitting, site identification, special financing and regulatory coordination are just a few of the services we offer.

 


Development assistance

West Virginia offers competitive tax credits that allow you to expect the nominal corporate tax and business franchise tax to be reduced by at least 80%. This incentive applies for the first 13 years of operation if at least 20 jobs are created. With modest ongoing capital investments, the tax liability can significantly be reduced for an indefinite period of time. The state offers a variety of direct and indirect financing programmes.

State of West Virginia, USA
European Office
Im Amerkia Haus
Karolinenplatz 3
80333 Munich, Germany
Tel: +49-89-5488-4113
Fax: +49-89-5488-4133
Email: Europe@wvdo.org
Website: www.wvdo.org

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