Huntington Mayor Enacts Hiring Freeze

Huntington Mayor Steve Williams has enacted a hiring freeze and stopped unnecessary spending for the remaining five months of the fiscal year. Williams…

Huntington Mayor Steve Williams has enacted a hiring freeze and stopped unnecessary spending for the remaining five months of the fiscal year.
 
     Williams said at a City Council work session Thursday that Huntington’s revenues and expenditures are normal, but the state’s second-largest city has less than $100,000 in contingency funds.
 
     The Herald-Dispatch reports the move means vacated positions won’t be filled and Huntington won’t undertake new major projects until July 1.
 
     After Williams was inaugurated in January 2013, he cut each city department’s budget by 2 percent.

W.Va. Tax Collections Up in January

For the first time this fiscal year, state tax collections in West Virginia have exceeded monthly projections.
 
     Deputy Revenue Secretary Mark Muchow tells media outlets that despite the surplus of $8.4 million in January, collections through the first seven months of the fiscal year are $73 million less than anticipated.
 
     Collections in January totaled $391.7 million. Muchow says that included $15 million in taxes that were due Dec. 31 and were posted as January revenue.
 
     Personal income tax collections were about $2.2 million ahead of January’s projections, while sales taxes were $2.3 million below expectations.
 
     Overall, yearly collections are down 1.1 percent compared with the same time a year ago.
 

WVU Will Study Effectivness of Appalachian Programs

The Appalachian Regional Commission turns 50 this year and has awarded a grant to West Virginia University and two other agencies to analyze whether it’s been successful.

The $300,000 grant will allow the WVU Bureau of Business and Economic Research and Regional Research Institute to work with the Center for Regional Economic Competitiveness based in Arlington, Va., to identify what economic development strategies have worked.

A WVU news release says the project will analyze the impact several ARC programs have had on the economy in Appalachia and will examine socioeconomic trends in the region.

John Deskins, director of the Bureau, says the research will identify which economic strategies are most effective, and which will help ARC and other agencies design future programs.

The researchers involved point out the results of the survey will be useful not only in Appalachia, but in other regions of the country.

The results of the study are expected to be released in the fall.

Study: 48% of W.Va. Graduates Work in State

A new study says 48 percent of West Virginia’s public college graduates over the past decade are working in the state.
 
     The study by the West Virginia University College of Business and Economics looked at work participation and income of the last decade’s graduates who worked in the state in 2012.
 
     Their average income in 2012 was $$41,847.
 
     According to the study, more than half of these graduates were employed in social assistance and education services, and health care.
 
     The study was conducted for the Higher Education Policy Commission.

Utility Bills up 1.2% in 2013 for West Virginia Residents

A new report says West Virginians paid 1.2 percent more for utilities in 2013 than in the previous year, primarily because of increases in natural gas and…

A new report says West Virginians paid 1.2 percent more for utilities in 2013 than in the previous year, primarily because of increases in natural gas and water rates.  
 
     The report released Wednesday by the Public Service Commission’s Consumer Advocate Division says the average West Virginia utility customer paid $280.62 a month for gas, electricity, water and telephone service last year. In 2012, the average monthly cost was $277.22.  
 
     Utility rates ranged from $258.82 in Morgantown to $316.25 in Bluefield.  
 
     Consumer Advocate Division director Jackie Roberts says the increases in natural gas and water rates last year were offset by a decline in electricity rates.
 
     Roberts said rates have increased by 18 percent for water and 7 percent for electricity since 2010. Natural gas rates have fallen 18 percent.

Small Businesses Struggle With Water Ban

As the water ban was lifted throughout the Charleston area yesterday restaurants and bars started to open their doors for the first time since Thursday.

Deno Stanley is the owner of Adelphia Sports Bar and Grille in downtown Charleston. He said when he received word last Thursday that he would have to close because of the water ban he was not happy.

“It was pretty catastrophic, it cut us down about 90%, I’m afforded the luxury because I’m a restaurant that serves alcohol, we were able to keep the bar open for a little bit and try to offset some of our losses,” Stanley said.

Stanley was busy Tuesday as many people filed into his bar and grille on their lunch hour —  the first normal day in downtown Charleston in almost a week. Stanley said for each day they were closed they were losing $6-8,000 a day. He said they’re looking to see if they can get help from federal aid or even a deferment of 30 or 60 days.

John Saville’s family owns Taylor Books in Charleston where they’ve used the off-time to clean the place thoroughly. He said they’re looking into whether help is available through their insurance for the sudden closing.

“Well, being closed we’ve lost a lot of revenue and we’re working with our insurance company right now to see what the availability of funds is for business interruptions and things like that,” Saville said.

Alisa Bailey is Executive Director of the Charleston Convention and Visitors Bureau. She said it can be tough for businesses to deal with a sudden closure. She said local hotels dealt with sharp declines in visitors and restaurants lost thousands of dollars each day they couldn’t open.

“The Charleston Convention and Visitors Bureau is trying to access what the negative direct economic impact will be on the front line employees loss of wages, we had a lot of hotels that didn’t have a lot of people in them and of course all of our restaurants were closed, so that has a negative impact on not only the facility and the businesses, but also the people that work for them,” Bailey said.

Bailey said she and her staff are looking at studies done after the BP spill in the Gulf of Mexico in 2010 and what that has meant to local tourism long-term. She said the fear now is what the chemical spill will do to perception down the road.

"It may take anywhere from a year to two years to really get back and convince people that it's a wonderful place," Bailey said.

“It may take anywhere from a year to two years to really get back and convince people that it’s a wonderful place,” Bailey said.

Bailey says it will take a while before anyone realizes the ultimate economic effect that the closures have had on businesses and the city. 

Exit mobile version