News and Information | West Virginia Division of Economic Development Website
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West Virginia has 10th best business climate in United States
CHARLESTON, W.VA — West Virginia has the 10th best business climate in the United States according to Business Facilities Magazine, a site selection publication with an annual ranking of how states, metro areas and countries perform on key economic indicators. “For years, I’ve been saying that West Virginia is the best kept secret on the East Coast, but…
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Expanding Opportunities for West Virginia Small Businesses Through Trade
This is a guest article by U.S. Congresswoman Carol Miller, who represents West Virginia’s 3rd District. Small businesses are the backbone of our country’s economy and their success at home and abroad is what powers our local, state, national and international economies. I’ve made it my mission to support our state’s small-and-medium-sized enterprises (SMEs) since…
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Governor Justice honors 27 WV companies for their export success
CHARLESTON, W.VA. — 27 West Virginia companies that grew their business by exporting a good or service to a new country last year were recognized by state officials in a virtual ceremony on June 30. Seven of these companies were first time winners. During the event, each business received the Governor’s Commendation for International Market Entry…
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West Virginia’s fintech sandbox opens up so more can play
Technology is a driving force in almost every aspect of commerce today. This is doubly so in the financial services industry, and West Virginia is establishing itself as a center for new, groundbreaking financial technology (fintech) companies to grow and prosper. In the second half of 2020, West Virginia created a regulatory sandbox that enables…
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Exporting Basics: How to Calculate Your Product’s Export Price
Exporting goods to foreign customers is a great way to scale your company but fulfilling orders to other countries comes with additional costs that can increase your price of doing business. As you may know, every dollar counts in a competitive market. That’s why you need to know how to calculate your product’s landed cost,…
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