Economy

Fairmont manufacturer closure affects 185 workers

Oct 7, 2013

Ruskin Air and Sound Control announced Monday they will close their manufacturing plant and office in Fairmont effective July 31, 2014.

Tomblin to travel Europe promoting W.Va. industries

Oct 1, 2013
Govrnor Earl Ray Tomblin sitting in front of a blue background at a table with small, international flags in front of him.
Ashton Marra

Governor Tomblin announced a trip later this month touring 5 European countries to lobby business leaders for investment in West Virginia industries.

The fourth series of Inspiring West Virginians  features one of the greatest mathematicians of the 20th century, John Forbes Nash, Jr, a 1994 winner of the Nobel Prize in Economics. Nash grew up in Bluefield, West Virginia, and the town still holds an importance for him. Now 84, John Nash is currently a Senior Research Mathematician at Princeton University in New Jersey. 

 

Josh Hall
Ben Adducchio

The Economic Freedom of the World report ranks the world's economies, listing how each provides freedom of choice to its citizens.

Director of the State Budget Office Mike McKown , Secretary of revenue Bob Kiss and Deputy Secretary Mark Muchow in the House Chambers.
Ashton Marra

Newly appointed Secretary of Revenue Bob Kiss and members of his department presented an overview of last year’s budget to lawmakers. Legislators scrutinized the governor’s last minute decision to cut almost $18 million from Medicaid to balance the budget at the end of the last fiscal year, but they were also given some crucial insight into the revenue numbers for this year.

Republican state leaders have been arguing for years that the state tax rates are preventing businesses from bringing jobs to West Virginia. Projected growth shows that while they may not come at the same rate those lawmakers want to see, jobs will come as the national economy turns around. There’s another factor, however, that’s starting to worry educators when it comes to the state’s economic future. And that’s the number of highly skilled workers ready to fill those positions.

In her first appearance before legislators, Department of Health and Human Resources Secretary Karen Bowling said the department is not yet prepared to release a detailed response to a performance review completed earlier this year. Instead, she shared some generalizations about major issues the department is trying to address. The biggest of those issues is hiring and retaining the necessary personnel to run the state’s largest agency.

How tough is it to start your own business in WV?

Sep 20, 2013
West Virginia Small Business Development Center
West Virginia Small Business Development Center

  The West Virginia Small Business Development Center showed a crowd of entrepreneurs and business owners how technology can help tackle small business needs.

In the third of five planned workshops throughout the state, the West Virginia Small Business Development Center walked entrepreneurs through the process of beginning their own business. This workshop focused on the necessity of technology to make it in today’s market. Justin Gaull is the Technology Commercialization manager for the Center.

EarthEcho President Philippe Cousteau discusses the health of a trout fishing stream in Grant County W.Va. with Jenny Newland, Canaan Valley Institute executive director, for a documentary about the Chesapeake Bay watershed.
EarthEcho International / State of WV

Federal Budget Cuts, EarthEcho education project and black lung roundtable

EarthEcho - West Virginia will be one of the states featured in a new education project created by EarthEcho International that focuses on in the Chesapeake Bay. EarthEcho is launching a new multi-year expedition program that will focus each year on an environmental problem.

Union of Concerned Scientists Fellow Jeremy Richardson
Stacy Jarrell / Stacy Jarrell Photography

With coal industry jobs dwindling and many young people leaving the state to find work, speakers at the Bright Economic Future for the Mountain State Conference in Charleston outlined many of the challenges for the state’s economy. Even despite these obstacles, many entrepreneurs, policy experts and grassroots organizations who gathered at the conference said they see plenty of opportunity.

Pages