Creating the Future

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Creating the Future
The Honorable Robert C. Chuck ChambersU.S.
District Judge Southern District of West
Virginia
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(No Transcript)
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Location
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Transportation
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Mid-Atlantic Aerospace Complex
Industry clusters

• Pratt Whitney Engine Services, Inc.

• Lockheed Martin

Polymer Alliance Zone

• GE Plastics

• AKZO Nobel Chemicals, Inc.

Chemical Alliance Zone

• Dow Chemical

• DuPont

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Printing and distribution
Industry clusters

• Quad/Graphics

• Parcel/Direct

Automotive

• Orgill, Inc.

• Toyota

• NGK Spark Plug Manufacturing Inc.

• Mayflower Vehicle Systems

Value-added wood products

• Weyerhaeuser

• Kingsford Manufacturing Co.

• Bruce Hardwood Floors

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Aerospace Industry Development

• SinoSwearingen (Martinsburg)
• Manufactures corporate jets
• 80 employees
• Tiger Aircraft (Martinsburg)
• Manufactures high end single engine aircraft
• 50 employees

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Aerospace Industry Development

• FCX (Morgantown)
• Designs, manufactures and sells solid state
  frequency converters corporate and industrial lab
  applications
• 67 employees
• New expansion announced
• Mid Atlantic Aerospace Complex (Clarksburg)
• Pratt Whitney Engine Services, Inc.
• Lockheed Martin

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• MAAC Mission
• Market and promote Harrison-Marion Regional
  Airport and the MAAC
• Market its capabilities to aviation, aerospace,
  government and industrial clients and prospects
  throughout the world
• Provide first rate maintenance, overhaul,
  manufacturing and training services for the
  aerospace industry
• Assist in the further development of the complex
  and the creation of capital investment and jobs
  in Harrison County, WV

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• KCI Aviation
• Pratt Whitney Engine Services
• Lockheed Martin
• Bombardier
• Aurora Flight Sciences of West Virginia
• FMW Composite Systems
• Robert C. Byrd Fairmont State College National
  Aerospace Education Center
• The Robert C. Byrd Institute for Advanced
  Flexible Manufacturing
• United States Army National Guards Fixed-Wing
  Aviation Training Site

MAAC Members
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• General Facts
• The MAAC complex today employs some 1,200 people
  in aviation-related jobs, and provides
• a direct wage and benefit impact
• of about 46 million annually.
• Total direct and indirect jobs
• attributed to the local aerospace
• industry number about 3,200.

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Future Expansion Moving Mountains
The Future

• One of the greatest earth-moving projects of all
  time
• Extended strip from 5,200 to 7,000 feet
• 32 million project
• 400 construction workers
• 265,000 truckloads of stone and soil

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Advantage Valley Corridor
Technology

• RCBI

• Alcon

• Amazon.com

• CODIS

• Green Bank

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I-79 Technology Corridor
Technology

• Blanchette Rockefeller Neuroscience Institute

• National Energy Technology Laboratory

• National Institute for Occupational Safety and
  Health

• NASA Independent Verification and Validation
  Center

• FBI Fingerprint Identification Center

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International Investments
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Low labor costs
Construction
Finance, Insurance and Real Estate
Mining
Wholesale trade
Manufacturing
Transportation and Utilities
Private sector
Service
Retail trade
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West Virginias industrial electricity costs are
16 percent below the U.S. average.
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West Virginias crime rate is among the lowest
in the U.S., an incredible asset to the states
quality of life
- from Market Street Services, Inc., Atlanta-based
consulting firm
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West Virginia is host to an incredible variety
of outdoor recreational activities.
- from Market Street Services, Inc., Atlanta-based
consulting firm
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Premier Resort Conference Center
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West Virginia Development Plan
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West Virginia Development Plan
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• Intellectual Infrastructure in the 21st Century
• New Economy
• Planning for the Future
• Building Bridges

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Economic Development Initiatives
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Economic Development Initiatives

• HB 4005
• Representative Projects

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Tax Incentives

• HB 4005
• Tax Increment Financing All for One

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Economic Development Initiatives

• Tax Credits 2002
• Super Tax Credit credits available for
  manufacturing, information processing,
  warehousing and good distribution
• Economic Opportunity Credit credits available
  for research development with creation of only
  20 jobs
• Industrial Expansion Revitalization Credit
  credits available for capital investment for
  manufacturing

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Venture Capital

• HB 4005
• Professional Venture Capital Funds Mountaineer
  Capital, Adena, Red Leaf, Steve Walker
  Associates
• West Virginia Venture Connection

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Creating Our Future