INCENTIVES

Generous incentives to reward Advantage Valley investments

Whether you’re starting a new business, seeking a new location, or expanding an existing facility, West Virginia’s tax credits and other incentives are one more way Advantage Valley gives your company a competitive edge.

West Virginia has long been recognized as having one of the nation’s most pro-business climates, and CNBC says our state has the tenth-best cost of doing business. Start with that foundation and add West Virginia’s many short- and long-term incentives, and you’ll quickly see why your business belongs here. In addition to the programs described below, companies may also take advantage of financial assistance, loan programs, infrastructure development grants, green incentives, industrial revenue bonds, fast-track permitting, customized training, and more. Contact us to learn more about any of these opportunities.

State Incentives

Corporate Headquarters Credit

Companies relocating their headquarters from other states are eligible for tax credits that can be as generous as 100 percent of many tax liabilities for up to 13 years.

Economic Opportunity Credit

Create at least 20 new jobs, and you may earn offsets up to 100 percent of taxes for up to 13 years.

Manufacturing Investment Credit

Qualifying investments earn net income tax and franchise tax credit of up to 60 percent, with no job-creation requirements.

Manufacturing Sales Tax Exemption

Materials and equipment purchased for direct use in manufacturing are exempt from the state’s 6 percent sales and use tax.

Warehouse “Freeport” Tax Exemption

Goods in transit to out-of-state destinations are exempt from ad valorem property taxes when warehoused here.

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