Soaring Opportunity


The aerospace industry is a dynamic, emerging economic sector in West Virginia. From up-and-coming high-tech innovators to established titans of the industry, the state’s growing cluster of aerospace companies is fueled by an array of advantages.



Strategic location

Accessible to top domestic purchasing sectors and national defense contractors, corporations, federal government and other customers and suppliers vital to the aerospace industry. Proximity to aerospace original equipment manufacturers based throughout the South, including Boeing, AirBus, Lockheed Martin and Gulfstream.

West Virginia is connected to the East Coast and Continental United States by highways, railways and navigable waterways. The new Heartland Intermodal Gateway provides clearance for double-stack rail cars from Roanoke, Virginia, through southern West Virginia to Chicago.

Availability of raw materials

West Virginia manufacturers provide the aerospace industry access to raw materials such as ALUMINUM, ALLOYS, METALS and COMPOSITES.

Development assistance

  • AIRCRAFT VALUATION: Aircraft owned or leased by commercial airlines, charter carriers, private carriers and private companies are valued for property tax purposes at the lower of fair market salvage value or 5% of the original cost of the property.
  • AIRCRAFT VALUATION, SPECIAL AIRCRAFT PROPERTY: All aircraft owned or leased by commercial airlines or private carriers, or any parts, materials or items used in the construction, maintenance or repair of aircraft which are, or are intended to become, affixed to or a part of an aircraft or of an aircraft’s engine or of any other component of an aircraft will be valued at “salvage value” or 5% of original costs, whichever is the lesser amount.
  • ECONOMIC OPPORTUNITY CREDIT: For qualified companies that create at least 20 new jobs within specified time limits (10 jobs in the case of qualified small businesses) as a result of their business expansion projects, the State’s Economic Opportunity Tax Credit can offset up to 80% of the corporate net income tax and personal income tax (on flow through income only) attributable to qualified investment. If a qualified company that creates the requisite number of jobs pays an annual median wage higher than the statewide average non-farm payroll wage, then the qualified company can offset up to 100% of the corporate net income tax and personal income tax (on flow through income only) attributable to qualified investment.
  • MANUFACTURING INVESTMENT CREDIT: A tax credit is allowed against up to 60% of corporate net income tax and based on qualified investment in eligible manufacturing property, with no new job creation required.
  • MANUFACTURING SALES TAX EXEMPTION: Purchases of materials and equipment for direct use in manufacturing are exempt from the 6% state sales and use tax and 1% municipal sales tax, including building materials and process equipment purchased for construction of a manufacturing facility.