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CEO Guide to Site Selection

West Virginia


The Mountain State is continually making more inroads onto the global stage, growing its exports and attracting more international investments. The West Virginia Department of Economic Development’s International Office now offers export assistance and is embarking on international business development missions to countries like Korea, Japan and Taiwan. German packaging manufacturer Papier-Mettler announced in June 2022, a $48 million investment and 100 new jobs in Moorefield. Italian manufacturer Fanti USA also recently renovated its production facility in Weirton to serve the U.S. market with metal packaging containers.

"Since I walked in the door, I have tried my best to mind the store. So, to see our surpluses looking like this is just amazing. After passing the largest tax cut in state history, we knew that these numbers would fluctuate, but here we are, staring at a $210 million surplus. This is proof of a strengthening economy, and I could not be happier."
Jim Justice


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top corporate income tax

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on the Tax Foundation’s State Business Tax Climate Index ranking


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of adults 25 years of age and older graduated high school

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of adults age 25 and older have a bachelor’s degree or higher


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decrease between 2010 and 2020


West Virginia Economic Development Authority Direct Loan Program: Offers financial assistance in the form of loans, direct financing and operating leases to industrial development agencies and enterprises.

Special Property Valuation: Reduces property taxes by up to 95% for certain sectors, including chemicals, polymer metals, data centers and aviation.

Manufacturing Investment Credit: Offers a tax credit of up to 60% of the corporate net income tax base on qualified investments in an eligible manufacturing facility.

Governor’s Guaranteed Work Force Program: Offers up to $2,000 per employee to eligible new and ex- panding companies that create at least 10 net new jobs within a 12-month period


West Virginia Economic Development Office

Charleston Area Alliance

Huntington Area Development Council

Morgantown Area Partnership


The new Equipment Financing Program helps businesses operating in the state gain access to essential tools and machinery with low-interest loans of between $50,000 and $2 million. Borrowers must be established and based in West Virginia and have been in operation for at least one year.


  • Triton International Enterprises announced in August 2023 it will build a $50 million food packaging facility and create 600 jobs in Berkeley County.
  • Omnis Fuel Technologies announced in August 2023 it will invest $800 million and create 600 new jobs at the Pleasants Power Plant in White Sulphur Springs.
  • Clean Vision Corporation announced in June 2023 it will build a $50 million manufacturing facility in Charleston.
  • South Korean pharmaceutical company UNDBIO announced in April 2023 a $100 million investment and 200 new jobs at an insulin manufacturing facility in Morgantown.
  • Our Next Energy announced in March 2023 it will build a battery storage system manufacturing facility in Ravenswood.


  • Proctor & Gamble
  • Toyota
  • Hino Motors Manufacturing USA
  • Mylan Pharmaceuticals
  • Murray American Energy
  • Amazon
  • TeleTech
  • ResCare

No 42: West Virginia

No. 42

West Virginia

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by

Key Metrics
Taxation and Regulations

  • State Corporate Income Tax Rate: 8.70%
  • Highest Personal Income Tax Rate: 6.50%

Workforce Quality

  • % with High School diploma or more: 82.2
  • % with Bachelor’s degree or more: 17.1
  • % with Advanced degree or more: 6.7
  • Patents per 100K: 6.48
  • % of Employed Represented by Unions: 16.5

Quality of Life

  • Hopsitals per 10K: 0.314
  • Elementary/Secondary Schools per 1000 people: 0.44
  • Violent Crimes per 100K: 279.5
Key Companies
  • International Coal Group Inc.
  • MTR Gaming
  • United Bankshares
Other Highlights
  • West Virginia fell 8 spots from #34 in 2010 to #42 in 2011 — the state took #37 in 2009
  • West Virginia ranks 22nd in state debt per capita with $3578

Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education


Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)


Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.