West Virginia Keeps Favoring Big Companies governing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governing.com Daily Mail and Mail on Sunday newspapers.
West Virginia leaders have let legislation aimed at promoting small business growth in minority and low-income communities languish while the state s Economic Development Authority has approved hundreds of millions of dollars in forgivable loans to large companies. Legislative leaders have brushed aside calls from The Rev. Matthew Watts and the Tuesday Morning Group to back legislation tailored to help small businesses grow in minority and low-income communities.
The West Virginia House of Delegates Transportation and Infrastructure Committee approved a bill, House Bill 4722, that would allow coal companies to claim tax credits to reduce their severance tax liability. The bill would allow severance taxpayers to receive tax credits for expenses on projects approved by the state Department of Transportation.
Weirton Steel was one of the biggest steel companies in the world before many mills closed. Now, Form Energy is building a battery plant on a former mill.
CLARKSBURG, W.Va. (WV News) — West Virginia has its share of challenges to face, but certain regions of the state can expect economic growth in the next five years, according