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.

FASTER WV – Helping Entrepreneurs Start and Grow Businesses in West Virginia

FASTER WV is Advantage Valley’s entrepreneurship support program designed to help startups and small businesses launch, grow, and become financially sustainable. The program connects entrepreneurs across the Advantage Valley region with business coaching, training programs, technical assistance grants, and access to capital.

Whether you are starting your first business, expanding an existing company, or purchasing a business, FASTER WV provides guidance and resources to help you succeed.

FOLLOW US ON FACEBOOK

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Image attachment
Image attachment
Image attachment
Image attachment
Image attachment

🏭 Investing in our businesses. Strengthening our region.

Advantage Valley has secured a $2 million Appalachian Regional Commission POWER grant to expand our Expanding Markets initiative! With $937,000 in local matching support, nearly $3 million will help regional businesses grow sales, reach new markets, strengthen supply chains and create economic opportunity.

Over three years, the initiative aims to:
✅ Support 225 businesses
✅ Create 200 jobs and retain 150
✅ Facilitate $25 million in private investment
✅ Make 70 new supply chain connections

One example of this work in action: Charleston’s Industrial Bolting TorsionX - Extreme Bolting Force manufacturing company in Tyler Mountain. The company credits Expanding Markets and its various programs with helping it reach new customers, strengthen operations and compete globally. 🌎

We’re also partnering with Reshore Technologies, to help connect products purchased overseas with manufacturers that can produce them domestically.

Collaboration makes this possible! Our partners and supporters include:

🤝 Appalachian Regional Commission
🤝 Charleston Area Alliance & Chamber of Commerce
🤝 Putnam County Development Authority
🤝 Huntington Area Development Council-HADCO
🤝 The Jackson County Development Authority
🤝 @Mason County Development Authority
🤝 Marshall Advanced Manufacturing Center
🤝 @U.S. Department of Commerce’s Rural Export Center
🤝 @Reshore WV
🤝 Claude Worthington Benedum Foundation

Announced on National Manufacturing Day, this investment continues Advantage Valley’s work to bring federal dollars, local expertise and business opportunities together—with results for our communities as the goal.

Read MetroNews article here: wvmetronews.com/2026/10/02/advantage-valley-celebrating-new-power-grant-to-help-manufacturers-exp...

#AdvantageValleyWV #ExpandingMarkets #ReshoreWV #ManufacturingDay #yesWV @followers
...

2 days ago
(opens in a new tab)

🏭 Celebrating National Manufacturing Day!

Today, Mayor Amy Goodwin joined Advantage Valley, Inc., elected officials and community partners at Industrial Bolting Technologies to recognize the important role manufacturing plays in our local and regional economy.

The event also celebrated a new $2 million POWER grant supporting Advantage Valley’s Expanding Markets initiative. The grant will provide manufacturers across the region with technical assistance and resources to grow their businesses, reach new markets and strengthen their supply chains, with funding also supporting the Charleston Area Alliance & Chamber of Commerce and Marshall Advanced Manufacturing Center.

Thank you to Industrial Bolting Technologies for hosting and for being a great example of advanced manufacturing happening right here in our region! 👏
...

3 days ago
(opens in a new tab)

Thank you so much Joe Justice Media for the video about the second year of Advantage Valley's Taste of Appalachia initiative! ...

2 weeks ago

Outdoor recreation is more than an adventure… it’s an opportunity to grow local businesses, create connections and strengthen communities. 🌿

UKV Outdoor Economy Day is September 22 at Belle Town Hall, bringing together outdoor recreation, tourism and business leaders for a morning of presentations, FREE Faster WV business coaching, lunch and an Appalachian Outlaw Trail presentation and tour.

Registration begins at 9:00 AM, with presentations starting at 9:30 AM. Attendees will also have a chance to win a marketing service for their business!

Thank you again to:
Kanawha County Commission
Appalachian Regional Commission
Claude Washington Benedum Foundation
West Virginia Land Trust
Brad and Alys Smith Outdoor Economic Development Collaborative
Advantage Valley, Inc. / Faster WV
Civil & Environmental Consultants, Inc.
Appalachian Outlaw Trails - AOT
Charleston Area Alliance & Chamber of Commerce

#KanawhaValley #OutdoorEconomy #AdventureLivesHere #WestVirginia #UKVTrails
...

2 weeks ago

Thank you, Advantage Valley, Inc., for supporting HADCO in helping grow our Business Retention & Expansion efforts in Cabell and Wayne counties!

We are thankful for partnerships like this that contribute to the improvement of our area.
...

2 weeks ago
(opens in a new tab)