West Virginia Economic Revitalization
Economic Sectors:
Implementation: Action items can be broken down into six initiatives
Business attraction
Human capital strategy
Local business support
Innovation leadership
Sector diversification
Carbon fiber
reinforced plastics
(CFRP)
Commercialize infrastructure IP
Become a CFRP recycling hub
Fine chemicals
Attract producers directly downstream
of existing production
Invest in upstream and downstream connections
Higher-end
tourism
Cybersecurity
Attract higher spend adventurers
Expand second homes market in the
eastern part of the state
Attract higher income retirees
Economic Enablers:
Infrastructure investment
Rebrand WV's business climate
Establish action plan to combat rising utility costs
Business climate
Ease administration of TPP
Innovation
business
development
Set up an innovation council
Launch enhanced small business support program
Change mix of incentive types
Expand role of development office
Infrastructure
Create a financing mechanism/s for capital projects
Launch site certification and outreach program
Build middle mile network
Attract anchor companies and progressively
expand to other segments
Invest in cybersecurity talent
Create enabling innovation environment
Human capital
Integrate existing human capital efforts across state
Expand STEM talent pool
Increase workforce participation
Encourage returning/relocating to West Virginia
Combat the opioid crisis
Train workforce in jobs that are high in demandView entire presentation