West Virginia a Big “Deal” in Economic Development
According to the spring edition of Southern Business and Development Magazine, West Virginia is succeeding in its economic development efforts. West Virginia placed second in the magazine’s ranking system of states that garnered major economic development deals over the past year. On a per capita basis, only Alabama ranked higher than West Virginia in the ratings. Mike Randle, editor of Southern Business and Development Magazine says, “Compared to last year's totals, ten Southern states turned more deals that feature 200 jobs and/or $30 million in investment and seven states lost ground from last year. The biggest gains were earned by Florida (+23 deals) and North Carolina (+21 deals).”
The spring magazine included economic development projects in West Virginia such as International Coal Group’s headquarters, Coldwater Creek’s expansion, AEP’s transmission line investment, and Toyota’s expansion. In a separate article, the magazine featured two Kanawha County projects – the expansion of CDI’s help desk operations creating 50 new jobs and the New Finishing Line project creating 40 new jobs. “With West Virginia being a small state, it can be challenging to get attention in the national and international markets. It is very refreshing to see West Virginia recognized for these substantial corporate investments. Businesses believe in West Virginia, and the word is spreading,” said Bill Goode, President of the Charleston Area Alliance.
The ranking proves West Virginia can deliver on economic development projects, regardless of size. Matthew Ballard, Executive Vice President of the Charleston Area Alliance believes West Virginia provides a competitive advantage for businesses. “No matter the size of the project, West Virginia’s small size as a state allows us to mobilize key stakeholders to work with all companies considering our area. Finalizing the deal through hard work and personalized attention creates win-win projects – an efficient place to do business for the company and good jobs with benefits for our citizens.”
Southern Business & Development Magazine focuses on economic development efforts in the "world's third-largest economy” – the Southern States of the U.S. More information about Southern Business and Development Magazine can be found at www.sb-d.com and about the Charleston Area Alliance at www.CharlestonAreaAlliance.org.
According to the spring edition of Southern Business and Development Magazine, West Virginia is succeeding in its economic development efforts. West Virginia placed second in the magazine’s ranking system of states that garnered major economic development deals over the past year. On a per capita basis, only Alabama ranked higher than West Virginia in the ratings. Mike Randle, editor of Southern Business and Development Magazine says, “Compared to last year's totals, ten Southern states turned more deals that feature 200 jobs and/or $30 million in investment and seven states lost ground from last year. The biggest gains were earned by Florida (+23 deals) and North Carolina (+21 deals).”
The spring magazine included economic development projects in West Virginia such as International Coal Group’s headquarters, Coldwater Creek’s expansion, AEP’s transmission line investment, and Toyota’s expansion. In a separate article, the magazine featured two Kanawha County projects – the expansion of CDI’s help desk operations creating 50 new jobs and the New Finishing Line project creating 40 new jobs. “With West Virginia being a small state, it can be challenging to get attention in the national and international markets. It is very refreshing to see West Virginia recognized for these substantial corporate investments. Businesses believe in West Virginia, and the word is spreading,” said Bill Goode, President of the Charleston Area Alliance.
The ranking proves West Virginia can deliver on economic development projects, regardless of size. Matthew Ballard, Executive Vice President of the Charleston Area Alliance believes West Virginia provides a competitive advantage for businesses. “No matter the size of the project, West Virginia’s small size as a state allows us to mobilize key stakeholders to work with all companies considering our area. Finalizing the deal through hard work and personalized attention creates win-win projects – an efficient place to do business for the company and good jobs with benefits for our citizens.”
Southern Business & Development Magazine focuses on economic development efforts in the "world's third-largest economy” – the Southern States of the U.S. More information about Southern Business and Development Magazine can be found at www.sb-d.com and about the Charleston Area Alliance at www.CharlestonAreaAlliance.org.
posted by Charleston West Virginia Economic Development
@ 4:05 PM
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