West Virginia's Advantage: Third Lowest Cost of Doing Business (CNBC 2024)

West Virginia Employers Pay 2nd Lowest Workers Compensation Premiums

West Virginia's Loyal Workforce: Lowest Manufacturing Turnover Rate in Nation

Advantage Valley's Employers Pay Less for Production Occupation Wages

West Virginia's Advantage: Lowest Cost of Living in the Nation (MERIC 2024)

West Virginia Electricity Costs Far Below U.S. Average Per Kilowatt-Hour

Buildings & Sites

Economic Data

Workforce & Education

Target Industries

Advantage Valley in southwestern West Virginia is a nine-county region stretching from Huntington to Charleston, forming one of the nation’s most resource-rich and business-friendly corridors.

Served by three Interstates (I-64, I-77, and I-79) and several U.S. highways with Interstate access, Advantage Valley has fast connections to key cities and markets throughout the eastern half of the nation. Busy CSX and Norfolk Southern mainlines connect the region to the continent’s rail network and ports along the Ohio River and in Virginia. The area is served by six navigable rivers with truck-to-barge capabilities, two ports, and two regional airports.

Advantage Valley’s history in industries such as coal production earned local workers (and there are 353,000 of them in our labor shed) a reputation for initiative and employer loyalty. In fact, West Virginia has the nation’s lowest manufacturing employee turnover rate. With an outstanding quality of life, a low cost of living, and competitive wages, it’s easy for local employers to draw recruits to the area. Plus, our local K-12 and postsecondary educators have long worked closely with local companies to deliver workforce training and education programs aligned with the needs of employers.

One of the many great reasons to bring your business to Advantage Valley is the variety of available development sites and existing buildings, all with competitive utility rates. Whether you’re seeking a downtown storefront, Class A offices, or a huge industrial facility with rail and port access, we can help you find the ideal location.

ADVANTAGES OF DOING BUSINESS

IN WEST VIRGINIA

 THIRD Lowest Cost

of Doing Business

(CNBC, 2024)

Lowest
Manufacturing Turnover Rate

(BLS Industry Report, 2020)

Lowest
Cost of Living

(MERIC, 2024)

2nd Lowest
Worker’s Compensation Rates

(Oregon Consumer and Business Service, 2022)

3rd Lowest
Personal Property Taxes

(Tax Rates.org 2022)

Advantage Valley’s Partners

Advantage Valley is a non-profit economic development organization that works with the State of West Virginia, local governments, county economic development authorities, sector and business leaders, chambers of commerce, academic and training institutions, and nonprofit partners in order to showcase our nine-county region and strengthen the economy. We’re proud of these many local partners who have joined together to promote our unified vision for growth.

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1 day ago
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👶✨ Childcare fuImage attachmentImage attachment

👶✨ Childcare fuels our families, workforce, and communities — and today at Childcare Day at the WV Legislature, Advantage Valley proudly shared how we’re helping childcare businesses succeed across our region! 🏛️💛

From free business coaching 📋 and childcare startup guides 🧩 to access to capital through grants and loans 💰, plus hands-on workshops and webinars 💻 — we support childcare providers at every stage, whether they’re just starting out or ready to grow.

Strong childcare strengthens families, supports employers, and builds a healthier economy for West Virginia. 💪🌱

👉 Learn more: advantagevalley.com/entrepreneurship/childcare/

#childcareWV #yesWV #businessassistance #FASTERWV

West Virginia Association for Young Children
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1 day ago
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📣 We’re thrille

📣 We’re thrilled to share Advantage Valley’s 2023–2025 Impact Report—a three-year snapshot of what’s possible when a region invests in people, partnerships, and long-term solutions. 📊✨

This report reflects:�

• Clear goals 🎯
�• Real challenges faced by our communities
�• Practical, collaborative solutions 🤝
�• And the voices of local business owners who are doing the work every day 🏗️

Their words remind us why this work matters—and who it’s for.

To our funders, partners, board members, community leaders, and entrepreneurs: thank you. Your trust and investment over the last three years have helped move ideas into action and momentum into measurable impact!

We’re excited about what we’ve built together—and even more energized about what comes next 🚀

👉Check out the report here! advantagevalley.com/wp-content/uploads/2026/01/AV_2025_AnnualReport_WEB.pdf

#ImpactReport #AdvantageValleyWV #yesWV @@followers
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4 days ago
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🚀 Thinking about business succession? Start sooner than you think.

🎥 Episode 4 in Succession Planning Series: Private Equity Buyout

In this video, Doug Ritchie, Founder of SDR and Star Plastics, LLC, shares key lessons learned from navigating his own succession planning journey:

✔️ Start learning about the process early
✔️ Talk with trusted professionals and peers who’ve been through it
✔️ Build a strong team and rely on their expertise

Doug is interviewed by Vincent Centofanti, ABV, MBA, Director of Valuation, Forensic, & Litigation Support Services at @Brown Edwards, offering additional perspective on planning and preparation.

You don’t have to know everything—but having the right advisors and resources in place can make all the difference.

See entire video here: advantagevalley.com/succession-planning/#private-equity-buyout-doug-ritchie

#SuccessionPlanning #BusinessTransition #AdvantageValleyWV #ExitStrategy #YesWV @followers
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6 days ago
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The Learning Grove -

The Learning Grove - Charleston WV is hiring! Good news for childcare in the Advantage Valley region!Now hiring for the following teachers 😊🫶 ... See MoreSee Less

2 weeks ago
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🚀 Thinking about the future of your business? Check out Advantage Valley’s Succession Planning Video Series.

🎥 Episode 3: ESOP Transition

Considering an exit strategy that rewards your team and protects your company culture? An Employee Stock Ownership Plan (ESOP) allows business owners to transition partial or full ownership to employees over time—boosting morale, retention, and long-term stability.

In this video, Keith May, President & CEO of IVS Hydro, discusses the realities of an ESOP transition, including fair value determination and timing challenges, and how thoughtful planning can make the process successful. He’s interviewed by Tim Gibbons, Executive Director of the West Virginia Center for Employee Ownership.

For business owners weighing valuation, timing, and legacy, this conversation offers practical insight.

Watch here: advantagevalley.com/succession-planning/#esop-transition-keith-may

#AdvantageValleyWV #SuccessionPlanning #ESOP #yesWV @@followers
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4 weeks ago
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