West Virginia is now striving to capitalize on re- mote work trends by offering one of the most generous incentive programs. The Ascend WV program offers remote workers a generous incentive package that includes $12,000 and a year’s worth of free outdoor recreation activities through more than a dozen outfitters from across the state. It also offers free co-working space, invites to networking events with business leaders, guided outdoor excursions and access to WVU’s entrepreneurship ecosystem
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 BusinessLink offers one place for small business owners and entrepreneurs to find resources to support their business. Services include business planning, loans, co-working, accelerators, marketing and sales assistance, startup assistance and product development.
Based on CEO Survey by ChiefExecutive.net
Taxation and Regulations
Quality of Life