The state of West Virginia offers a variety of financial incentive programs to encourage the location of business and industry. For example, The West Virginia Economic Development Authority (WVEDA) can provide up to 45 percent in financing fixed assets by providing low-interest, direct loans to expanding existing businesses, as well as new businesses locating in West Virginia. Other financing programs available from the WVEDA include Indirect Loan Programs, and Industrial Revenue Bonds. Venture capital for small businesses is available via the WV Jobs Investment Trust and the WV Capital Company Act. Project infrastructure financing may also be available via the WV Infrastructure and Jobs Development Council and Tax Increment Financing.
The state offers Workforce Development grant programs to assist new and expanding businesses fulfill their training needs. A combination of customized training for a company’s specific needs and a statewide vocational training system will provide trained workers for business.
West Virginia offers many tax incentives to encourage business and industry to locate, expand or modernize facilities in this state. The Economic Opportunity Tax Credit is perhaps the most liberal tax credit allowed by any state. It permits a qualifying taxpayer to recover up to 80 percent of the cost of the investment through credits against state taxes applied over a period of up to 13 years. There are also tax credits for Corporate Headquarters Relocation, Manufacturing Investment, and Strategic R & D Investment.
Charles Pointe: A master-planned community encompassing over 1,700 acres of prime real estate located in Bridgeport. For more information call 304-808-8000 or visit www.charlespoint.com
White Oaks Business Park: a high-end environmentally friendly and aesthetically pleasing business park spanning Exits 124 and 125, along Interstate 79. It is the premier address for business, providing a modern green business park with a campus-type atmosphere. For more information call 304-326-0191 or visit www.whiteoaksw.net.
Harrison County Major Employers
- US Department of Justice (FBI)
- Harrison County Board of Education
- United Hospital Center, Inc.
- Department of Veterans Affairs, Louis A. Johnson VA Medical Center)
- Pratt and Whitney Engine Services, Inc.
- Wal-Mart Stores, Inc.
- United Summit Center
- Dominion Transmission Corporation
- Baker Hughes Oilfield Operations
- Bombardier Services Corporation, Inc.