West Virginia Economic Development Summit at Greenbrier Resort
Key Ideas
- Governor Jim Justice announced several economic development projects during the West Virginia Chamber of Commerce's Annual Meeting and Business Summit at Greenbrier Resort.
- These projects include a $35 million investment in a manufacturing facility in Upshur County, a $59 million investment in Berkeley County by HandCraft Services, and a $126 million investment in Mason County by Babcock and Wilcox for a coal-to-hydrogen project.
- The projects are estimated to create hundreds of jobs and bring significant economic benefits to the state of West Virginia.
- Justice emphasized the importance of business growth and expressed optimism about the future of economic development in the state.
Governor Jim Justice made a series of economic development announcements at the West Virginia Chamber of Commerce's Annual Meeting and Business Summit held at the Greenbrier Resort in White Sulphur Springs. The event brought together various stakeholders including business leaders, state officials, academics, and politicians. Justice, who is concluding his term as governor and running for the U.S. Senate, expressed gratitude to the business community for their support. He highlighted the progress made in the state and the potential for further growth and innovation.
One of the key announcements was a $35 million investment in a manufacturing facility in Upshur County by prime6, a company known for its appearance on Shark Tank and its sustainable fire logs. This project is expected to create 75 new jobs. Another significant investment of $59 million was revealed for Berkeley County by HandCraft Services, a manufacturer in the healthcare industry, with plans to build two new plants and generate 220 jobs.
A notable project unveiled by Justice is a $126 million investment in Mason County by Babcock and Wilcox for a coal-to-hydrogen initiative. The company will utilize a technology called BrightLoop to produce hydrogen from coal while implementing carbon capture and sequestration methods. This project aims to create 28 jobs initially with potential for future expansion.
Overall, Justice highlighted the substantial investments made in West Virginia's economic development during his tenure, totaling over $20 billion. These projects are expected to result in around 30,000 job opportunities. The governor emphasized the importance of businesses in driving growth and expressed commitment to continuous efforts in attracting investments and fostering economic prosperity in the state.
Topics
Projects
Technology
Investment
Job Creation
Manufacturing
Economic Development
Entrepreneurship
Business Community
Apparel Industry
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