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List of incentives available in this location for quick easy reference below.

Incentives

Table key

• Incentive offered
• Incentive not offered
• Did not submit information

Cash grants/incentivesMore [+]Less [-]
Support includes tax credits, training funds and attractive financing options.
Tax exemptionsMore [+]Less [-]
Corporate Headquarters Credit - Companies that relocate their corporate headquarters to West Virginia are eligible for tax credits. The credit can offset up to 100 percent of the tax liability for business and occupation tax, business franchise tax, corporate net income tax, and personal income tax on certain pass through income, for a period of up to 13 years. Economic Opportunity Credit - The State’s Economic Opportunity Tax Credit can offset up to 80 percent of specified business taxes for a period of up to 13 years. A company can potentially offset up to 100 percent of the specified taxes for up to 13 years. For a qualified small business, a $3,000 credit is allowed per new full time job for five years. “Five-For-Ten” Program - provides property tax valuation for new investment property of manufacturers. Under this program, the new capital addition is valued at 5 percent of original cost for the first 10 years after it is placed on the property tax rolls. Manufacturing Investment Credit - A tax credit is allowed against up to 60 percent of corporate net income tax and business franchise tax based on qualified investment in eligible manufacturing property. Manufacturing Inventory Credit - Offsets the business franchise tax and corporate net income tax in the amount of property tax paid on raw materials, goods in process and finished goods manufacturing inventory. Strategic R&D Credit - The Strategic Research and Development Tax Credit can offset up to 100 percent of corporate net income tax and business franchise tax, based on qualified expenditures for R&D projects. West Virginia Film Industry Investment Act- Up to 31 percent of direct production and post-production expenditures can be converted to transferable tax credits to offset state taxes. The Freeport Amendment - The Freeport Amendment exempts property from the West Virginia ad valorem property tax in two ways: (1) Manufactured products produced in West Virginia and stored in the state for a short time before moving into interstate commerce are exempt from property tax. (2) Goods transported into West Virginia from outside of the state, which are held for a short time in a warehouse and then shipped to a destination outside of West Virginia, are exempt from the property tax. Manufacturing Sales Tax Exemption - Purchases of materials and equipment purchased for direct use in manufacturing are exempt from the 6 percent state sales and use tax, including building materials and process equipment purchased for construction of a manufacturing facility. Research and Development Sales Tax Exemption - Purchases of tangible personal property and services directly used in research and development are exempt from the consumers’ sales tax. Sales Tax Exemption for Certain E-Commerce Businesses - Some computer-related sales of tangible personal property and services are exempt from the consumer sales and services tax.
Property assistance / other fiscal incentiveMore [+]Less [-]
Assistance with all issues relating to location selection and negotiation, construction and design process, permitting and much more. West Virginia Infrastructure and Jobs Development Council - The fund can be used for financial assistance to public utilities, county development authorities and private companies for infrastructure improvements to support economic development projects. Industrial Access Road Program (IARP) - The West Virginia Development Office, in conjunction with the West Virginia Division of Highways offers Industrial Access Road Program (IARP) assistance to eligible counties. Each county may request up to $400,000 a year to support and encourage economic development activities.
Training and labor market assistanceMore [+]Less [-]
WorkKeys ® Career Readiness Certificates - The nationally-recognized WorkKeys ® Career Readiness Certificates from WorkForce West Virginia aid in the process of matching qualified job seekers with jobs while assuring businesses that the State of West Virginia has a ready and skilled work force. Governor’s Guaranteed Work Force Program - This flexible, customized training program offers assistance to eligible companies and businesses by providing funding that directly supports the transfer of knowledge and skills. The Workforce Investment Act (WIA) Program - This customized training program is available to employers that hire individuals that meet specific program requirements. West Virginia Advance Program - This flexible program offers customized job training awards to new and existing businesses. The program offers development and delivery of training services that will support a company’s startup and ongoing employee development initiatives through a local Community and Technical College.
Loan guarantees, cheap loans or financeMore [+]Less [-]
Direct Loan Programs - up to 45 percent in financing fixed assets by providing low-interest, direct loans to expanding state businesses and firms locating in West Virginia. Loan term is generally 15 years for real estate intensive projects and five to 10 years for equipment projects. Loan proceeds may be used for the acquisition of land, buildings and equipment. Working capital loans and the refinancing of existing debt are not eligible. Indirect Loans - a loan insurance program through participating commercial banks to assist firms that cannot obtain conventional bank financing. This program insures up to 80 percent of a bank loan for a maximum loan term of four years. Loan proceeds may be used for any business purpose except the refinancing of existing debt. Industrial Revenue Bonds - This program provides for customized financing through federal tax-exempt industrial revenue bonds. Of the state’s bond allocation, $57,492,750 is reserved for small manufacturing projects; $16,426,500 for qualifying projects in Enterprise Communities, and $90,345,750 for exempt facility projects. Venture Capital - West Virginia Capital Company Act - a program that provides for debt and equity venture capital investment to small business. West Virginia Jobs Investment Trust (JIT) is a public venture capital fund created to develop, promote and expand West Virginia’s economy. The program makes investment funds available to eligible businesses, thus stimulating economic growth and providing or retaining jobs within the state.
Exemptions from regulations
Target sectorsMore [+]Less [-]
Chemical / Polymer Aerospace Energy
Sectors specific incentivesMore [+]Less [-]
High-Tech Manufacturing Credit - Businesses that manufacture certain computers and peripheral equipment, electronic components or semi-conductors can receive a tax credit to offset 100 percent of the business and occupation tax, business franchise tax, corporate net income tax, and personal income tax on certain pass through income for 20 consecutive years. High-Technology Business Property Valuation Act - Tangible personal property, including servers, directly used in a high-technology business or in an internet advertising business is valued for property tax purposes at 5 percent of the original cost of the property. In addition, sales tax is eliminated from all purchases of prewritten computer software, computers, computer hardware, servers, building materials and tangible personal property. Aircraft Valuation Tax Credit - Aircraft owned or leased by commercial airlines, charter carriers, private carriers and private companies are valued for property tax purposes at the lower of fair market salvage value or 5 percent of the original cost of the property.

Sponsorship

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