Under the leadership of Gov. Justice, West Virginia continues to enjoy an era of unprecedented success and prosperity.
After inheriting a $500 million budget deficit, Gov. Justice led the state to record budget surpluses by using his lifelong experience as a businessman to make West Virginia a more business-friendly state and by standing behind the energy industry. During the historic 2022 fiscal year, West Virginia’s total revenue came in at $1.308 billion over projections – breaking the all-time record for surplus -the largest single-year fund in the state’s history. During this time, West Virginia achieved a low unemployment rate.
West Virginia is finally competing on the world stage and attracting world-class businesses to our state as shown in this year’s major economic development announcement. Nucor Corporation has announced that they have selected Mason County as a state-of-the-art mill site. This record investment exceeds $2.7 billion, making it the largest in West Virginia’s history, as well as Nucor’s largest single investment. GreenPower Motor Company announced an agreement with the state to manufacture all-electric school buses in South Charleston, bringing hundreds of new jobs and millions of dollars in economic impact to West Virginia. Owens & Minor, a Fortune 500 company that provides medical supplies, will expand its previous agreement with WVU Medicine and create more than 125 jobs at its health product preparation and supply center in Morgantown. Omnis Building Technologies will build a $40 million, 150,000-square-foot facility in Bluefield to manufacture building materials that will change the future of residential construction, creating 150-300 jobs in the process. Klöckner Pentaplast has announced a multi-million dollar expansion of its West Virginia facility. PepsiCo is building two new distribution facilities this year, representing an investment of $32.5 million, while providing 185 jobs in West Virginia. Veloxint, a manufacturer of nanocrystalline metals, is moving to Touchstone Research Laboratory Ltd. in Triadelphia and is expected to create another 200-300 new jobs over the next four years. Pure Watercraft, a supplier of high-performance electric boats, has entered into an agreement with the State of West Virginia to manufacture electric pontoon boats in Beech Bottom, WV, creating more than 100 full-time jobs in the North. Panhandle region by the end of 2025.
Gov also announced. Justice that West Virginia has achieved the 2nd highest export growth rate of any state in the country by 2021.
Meanwhile, the Governor’s Roads To Prosperity program is the state’s largest investment in road maintenance and improvement; after 50 years of neglecting its roads, the government has given more than 2 billion dollars to repair them. Teachers and civil servants received two of the biggest pay raises ever. Thanks to Gov. Justice, Veterans now live in West Virginia tax-free and veterans do not face state Social Security taxes. The governor has led West Virginia through a once-in-a-century pandemic, protecting the state’s most vulnerable citizens.
People in West Virginia are more excited than ever. From April 2010 to July 2019, more than 43,000 people left the state. However, from 2020 to 2021, West Virginia’s net migration increased for the first time in decades, with more than 2,000 people moving to the state, so West Virginia is one of the top states in the country in which people enter by percentage. basic.
Increased investment in the state’s tourism efforts has West Virginia tourism through the roof. West Virginia was recently named one of the top 10 places in the world to visit by Lonely Planet; the only state to receive this award and was also recently selected as one of the best destinations by Condé Nast Traveler. West Virginia has also been named one of CBS’s best destinations for family vacations in 2022.