Wednesday, September 30, 2009

Sheetz completes first wave of expansion in southern West Virginia market

HURRICANE -- Sheetz opened its fourth store in the Huntington area of West Virginia today with a location at 104 Route 19 in Hurricane. This finishes the first phase of development of a new market for the convenience store chain. Three other stores were opened this summer in Barboursville, Milton and Huntington.

"The opening of this store solidifies our presence in Southern West Virginia," said Stan Sheetz, president and CEO of Sheetz Inc., in a press release issued by the company. "The others stores that opened earlier this summer have been well received by people in this community. We hope to grow and become an important part of their daily lives."

The Hurricane store officially opened to customers this morning.

The 5,000 square-foot facility will offer fresh food items like the MTGo! and Shweetz Bakery lines of sandwiches, wraps, donuts and muffins, along with the signature MTO® line of Angus beef burgers, premium grilled chicken sandwiches, freshly made salads, French fries, onion rings and more. Sheetz Bros. Coffeez, a full-service espresso and smoothie bar staffed by a trained barista is going to be available at the new store.

Sheetz is also proud of its tradition of giving back to the communities in which it operates. Especially important to the organization is finding ways to be involved with today's young people. As part of today's grand opening celebration, the company will made a $7,500 donation to Hurricane High School.

Established in 1952 in Altoona, Pennsylvania, Sheetz, Inc. is one of America's fastest growing family-owned and operated convenience store chains, with more than $4.9 billion in revenue for 2008 and more than 13,000 employees. The company operates more than 360 convenience locations throughout Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina. Sheetz provides an award-winning menu of MTO® subs, sandwiches and salads, which are ordered through unique touch-screen order point terminals. Sheetz currently ranks 82nd on the Forbes list of largest private companies, and has ranked for seven consecutive years on the list of Best Places to Work in Pennsylvania. All Sheetz convenience stores are open 24 hours a day, 365 days a year. For more information, visit http://www.sheetz.com/

Massey Energy Acquires Metallurgical and Thermal Coal Assets of Appalachian Fuels

RICHMOND, Va. -- Massey Energy Co. announced today it has completed the acquisition of select mining assets from the now bankrupt Appalachian Fuels, LLC and its affiliates. The assets, some of which were acquired in separate coal lease transactions, include 23 million tons of coal reserves, permitted deep and surface mines, a permitted preparation plant and associated refuse area, infrastructure and some mobile and mining equipment. They are located in Fayette County, W.Va., in close proximity to Massey's existing Mammoth and Nicholas Energy resource groups.

Over half of the acquired reserves are high quality metallurgical coal in the Powellton and Eagle Coal Seams. Massey plans to resume mining metallurgical coal in the Powellton Seam within a few months. The coal produced will be processed at Massey's Mammoth preparation plant. The preparation plant and the other idle deep and surface mines acquired in the transaction will not be operating immediately but could be brought back into production as market conditions warrant.

"We are very pleased with this acquisition and expect it to be almost immediately accretive to earnings," said Massey's President, Baxter F. Phillips, Jr. "We have already included additional metallurgical coal sales from the acquired mines in our plans for 2010. In the longer term we expect the permitted preparation plant and refuse area to provide us with further opportunities for developing Massey acquired and controlled coal reserves in the surrounding region."

Massey Energy Co. has a long history of making successful acquisitions of coal mining assets in Central Appalachia. The Company has increased its total coal reserves from 767 million tons in 1987 to more than 2.3 billion tons today. Of the total current reserves, 1.0 billion tons have metallurgical qualities and characteristics giving Massey the largest metallurgical coal reserves holding in the United States.

Massey Energy Co., headquartered in Richmond, Va., with operations in West Virginia, Kentucky and Virginia, is the largest coal company in Central Appalachia and is included in the Standard & Poor's 500 Index.

John Rulli to deliver Ruth E. Butler Executive in Residence Lecture Oct. 2 at Marshall

HUNTINGTON - Marshall University graduate John Rulli, executive vice president, chief administrative officer and president of Simon Management Group for Indianapolis-based Simon Property Group, Inc., will deliver the Ruth E. Butler Executive in Residence Lecture Friday, Oct. 2 at Marshall University.

Rulli, who received his Bachelor of Business Administration from Marshall in 1979, will speak at 11 a.m. in Corbly Hall, room 105, on Marshall's Huntington campus. The lecture is open to the public.

The Executive in Residence program was created in 1984 by Dr. Robert P. Alexander, then dean of the Lewis College of Business, with the purpose of providing students with the opportunity to hear and interact with successful business executives. The program provides role models with outstanding business experience related to students through lectures, discussions and informal dialogue.

Rulli is on the advisory board for Marshall's Lewis College of Business and was inducted into its Hall of Fame in 2006. He is vice chairman of the board for Indianapolis Downtown, Inc.

Simon Property Group is an S&P 500 company and the largest U.S. publicly traded real estate company. Simon Property Group is a fully integrated real estate company that operates from five retail real estate platforms: regional malls, Premium Outlet Centers, The Mills Corporation, community/lifestyle centers and international properties. The company currently owns or has an interest in approximately 380 properties in North America, Europe and Asia.

Prior to being appointed to his current position in 2007, Rulli was instrumental in building the operating foundation upon which Simon Property Group has grown. He has led the integration of all acquisitions including DeBartolo, CPI, IBM, New England Development Company and The Mills Corporation portfolios. Rulli has been a key member of the Simon Property Group management team for more than 20 years.

Regional economic development experts head to Morgantown Oct. 21-22

MORGANTOWN -- Top economic development policy experts from throughout the nation will converge on Morgantown Oct. 21 and 22 to share information about the best ways to improve regional economies – information that could help guide the government’s Economic Development Administration (EDA) decisions for years to come.

The experts will be attending the first Economic Development Administration Economic Development Research Symposium at Morgantown’s Clarion Hotel on Oct. 21 and 22.

West Virginia University’s Regional Research Institute (RRI) helped plan the event and will co-host with EDA. Randall Jackson is director of the WVU RRI.

“Some of the key movers and shakers in the world of regional economic development will be coming to Morgantown for this symposium,” Jackson said. “EDA is a part of the U.S. Department of Commerce and we are pleased that our region will be hosting, as important policy options are discussed that could impact the whole nation.”

He said that the Morgantown region, which has displayed economic resiliency during the difficulties of 2008-2009, will be on display for symposium participants and presenters who hail from such points of origin as Arizona, California and Florida.

“The symposium will give experts from prestigious institutions the opportunity to share thoughts and theories that will help guide policy makers concerned with the challenge of improving economic development,” Jackson said. “It doesn’t hurt the discussions to have them occur in a city that has weathered the storm of recession quite well.”

The symposium agenda will include presentations by EDA’s assistant secretary for economic development and representatives of the Purdue University Center for Regional Development, the Indiana Business Research Center, the Arizona State University School of Geographical Sciences, the University of California, Berkeley’s Center for Community Innovation, Florida International University’s Department of Public Administration, George Mason University’s Department of Geography and Geoinformation Science, the Upjohn Institute for Employment Research, the National Academies of Science and Savannah River National Laboratory.

Symposium participants will present research and discuss policy implications on a wide range of economic development issues, including: the potential of industry and occupation clusters; methods for measuring regional innovation; the role of the green economy; the geographic distribution of U.S. unemployment; strategies for promoting economic resiliency; and the implications of this research on national economic development policy.

Jackson said the event can have a significant impact on future EDA policy affecting the agency’s activity. Interested persons can learn more about the symposium by contacting Jackson at randall.jackson@mail.wvu.edu or Hillary Sherman-Zelenka of EDA at hsherman@eda.doc.gov.

Founded in 1965, WVU’s RRI creates learning opportunities and provides research support for faculty members and students, while serving as an internationally prominent center for the advancement of regional science.

The Institute sponsors scholarly seminars and workshops and provides seed grants to tenured and tenure track WVUfaculty with interests in the economy, land use, environment, energy, industry and socio-economic welfare and human environmental interactions.

More than $1 million in externally funded research is currently under way at the Institute, with support from the EDA, the USDA, the National Science Foundation, and the Department of Energy through the National Energy Technology Laboratory.

Since 1999, the Institute has published the Web Book of Regional Science, which makes it possible for instructors to choose from a menu to design courses that are appropriate for their students. The Web Book is a valuable learning resource used world-wide by teachers and professionals alike.

Mylan receives FDA approval for generic version of Parkinson's Treatment drug

PITTSBURGH -- Mylan Inc. today announced that its subsidiary Mylan Pharmaceuticals Inc. has received approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Carbidopa and Levodopa Tablets USP, 10mg/100mg, 25mg/100mg and 25mg/250 mg.

Carbidopa and Levodopa Tablets are the generic version of Bristol Myers Squibb's Parkinson's treatment Sinemet®, 10mg/100mg, 25mg/100mg and 25mg/250 mg. For the 12 months ending June 30, 2009, Carbidopa and Levodopa tablets had U.S. sales of approximately $79 million for the same strengths, according to IMS Health. Mylan has launched this product.

Currently, Mylan has 123 ANDAs pending FDA approval representing $86.1 billion in annual brand sales, according to IMS Health. Thirty-five of these pending ANDAs are potential first-to-file opportunities, representing $17.4 billion in annual brand sales, according to IMS Health.

With headquarters in Pittsburgh, Mylan maintains a large production facility in Morgantown. Mylan is the 11th largest private company in West Virginia in 2009, according to data recently released by Workforce West Virginia.

Mylan Inc. ranks among the leading generic and specialty pharmaceutical companies in the world and provides products to customers in more than 140 countries and territories. For more information, visit www.mylan.com .

Tuesday, September 29, 2009

Western Coal announces additional investment in West Virginia mining operations

VANCOUVER, B.C. -- Western Coal Corp. announced today at its Annual and Special Meeting of shareholders that it is planning to expand overall company production to 10 million tons of coal per year by 2013.

The expanded production plans announced today include purchasing new equipment at two mines, Maple Coal and Gauley Eagle, in West Virginia that would allow the mines to expand to their full potential of 2 million tons and 1.5 million tons, respectively.

John Hogg, President & CEO of Western Coal said in a press release issued by the company, "With current operations performing better than expected along with the expectation of higher coal prices in the near-term, we believe the time is right to expand our operations."

About Western
Western is a producer of high quality metallurgical and thermal coal from mines located in northeast British Columbia (Canada) and West Virginia (USA). The mines have the capacity to produce 7 million tons per year and have over 20 years of coal reserves. Western also owns a 50.6% interest Energybuild (EBG: AIM) which produces high quality anthracite and thermal coals in South Wales (UK). Other interests owned include a 45% interest in Xtract Energy (XTR: AIM), 20% interest in NEMI Northern Energy & Mining (NNE.A: TSX) and 100% of a small gold and antimony operation in Australia. The Company is headquartered in Vancouver, BC, Canada, and trades on the AIM and TSX stock exchanges under the symbol "WTN". More information can be found at http://www.westerncoal.com/.

Jerry West themed restaurant at The Greenbrier to open Oct. 1

WHITE SULPHUR SPRINGS -- The Greenbrier resort’s premier Prime 44 West steakhouse, honoring famed NBA player Jerry West, is set to open on Oct. 1. The restaurant’s warm and inviting atmosphere coupled with its cuisine, featuring exceptional cuts of beef from West Virginia and around the globe, will embody comfortable dining at its finest. Prime 44 West’s upcoming debut is one of the many new developments planned by Jim Justice since he purchased the resort in May 2009. As promised, Justice has continued to restore the property’s legacy as “America’s Resort.”

“Dining trends may come and go, but a steakhouse has a lasting appeal,” Justice said in a statement released by the resort, “and a steakhouse named for Jerry West will definitely appeal to guests from all over the country, particularly the many from West Virginia."

Every aspect of the venue – from the décor to the menu – will pay homage to the West Virginia native, commonly known as “Mr. Clutch.” In addition to rich, elegant colors that tie The Greenbrier’s style in with the traditional steakhouse feel, diners will have the opportunity to treat themselves to a meal amid the largest public collection of Jerry West memorabilia. West is personally outfitting the restaurant with more than 100 pieces, including the gold medal he won at the 1960 Summer Olympics, All-Star jerseys, mementos from his college days and more.

Under the direction of Chef de Cuisine Michael Treanor, Prime 44 West will focus on extraordinary ingredients presented in a traditional yet refined manner, including innovative steakhouse favorites. Appetizers will include a “raw bar” with Kumamoto Oysters on the half shell with Fresh Wasabi,, and Chilled Shellfish Platter with Horseradish Crème Fraiche. Other signature starters like Lobster Bisque garnished with Chestnut and Cardamom and Chesapeake Bay Crab Cake Cigars with a grapefruit and papaya remoulade. Entrées will include steakhouse staples with a local twist, including West Virginia Blue Ribbon Pork Duo, Snake River Farm Wagyu Tenderloin, Elysian Fields Double Cut Rack of Lamb and a “Nothing But Net” 44 oz. Porterhouse Steak. All meats will be of exceptional quality and vary in price, species and origin. A simple, yet creative and sophisticated selection of desserts will finish off the Prime 44 West experience. Southern treats, such as New Wave Key Lime Pie, Carrot Cake with Ginger Ice Cream, and Sticky Toffee Pudding with Warm Caramel Sauce will be on the dessert menu.
The restaurant’s extensive wine list will feature a diverse selection of approximately 150 wines from California, the Pacific Northwest, France, Italy, Spain, Germany, Australia and Argentina. Prime 44 West will offer highly acclaimed wines as well as collections from small artisanal producers from around the world. In addition, a large selection of wines that are sustainable, organic or biodynamically grown will be available. The glassware for Prime 44 West was custom-made for The Greenbrier by Masterpiece Crystal, a West Virginia glass company.
As West owns a home in The Greenbrier Sporting Club, the private residential sporting community on the resort’s 6,500-acre estate, he intends to greet guests when in West Virginia. West’s presence at the restaurant will help create a truly one-of-a-kind dining experience, as he shares his love for the resort and dedication to top-notch, personalized service. For more information visit http://www.greenbrier.com/

Monday, September 28, 2009

Dominion files plans for $600 million natural gas project in West Virginia, Pennsylvania

RICHMOND, Va. -- Dominion today announced it has requested the Federal Energy Regulatory Commission pre-filing process for its proposed Appalachian Gateway Project, which is designed to transport natural gas produced in West Virginia and southwest Pennsylvania to storage fields and pipelines in Pennsylvania.

"Marcellus Shale and traditional production have increased the natural gas available from the Appalachian Basin," said Gary Sypolt, chief executive officer of Dominion Energy. "The Appalachian Gateway Project will lessen the bottleneck currently preventing some of the natural gas produced in West Virginia and southwest Pennsylvania from getting to customers in the Northeast and Mid-Atlantic who are in need of new supplies."

Sypolt said the project is fully subscribed by Marcellus Shale and other Appalachian natural gas producers. The total firm transportation delivery from the project is 484,260 dekatherms of natural gas per day.

The approximate cost for facilities in the FERC request is $600 million. Plans are for construction to begin in 2011 and to be in-service in 2012.

Four new natural gas compressor stations would be constructed and upgrades would be made at two existing compressor stations, adding about 17,000 horsepower of compression to Dominion's system. About 110 miles of new pipeline would be built, beginning in West Virginia and terminating at Dominion and Spectra's jointly owned Oakford facility in Delmont, Pa., east of Pittsburgh.

Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of more than 27,500 megawatts of generation, 1.1 trillion cubic feet equivalent of proved natural gas reserves, 14,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines. Dominion operates the nation's largest natural gas storage system with 975 billion cubic feet of storage capacity and serves retail energy customers in 12 states. For more information about Dominion, visit the company's Web site at http://www.dom.com/.

WVU researchers receive nearly $1 million in grants to further biometrics

MORGANTOWN -- West Virginia University’s growing expertise in biometrics research has drawn more attention from the Federal Bureau of Investigation in the form of nearly $1 million worth of grants to further develop important evidence collection technologies and associated interactive training tools for FBI personnel, it was announced today.

The FBI has awarded $414,184 to Arun Ross, associate professor in the WVU College of Engineering and Mineral Resources’ Lane Department of Computer Science and Electrical Engineering, to research ways to improve fingerprint analysis under a federal initiative known as the Friction Ridge Support Services Project.

A second FBI grant of $426,772 was awarded to Tina Moroose, teaching assistant professor in the Forensic and Investigative Science Program in the Eberly College of Arts and Sciences, to research improvements in the way investigators collect human scent evidence.


Generally, biometrics refers to methods of recognizing humans based upon one or more physical or behavioral traits. WVU has developed extensive credentials in the biometrics research area.

LaRue Williams, WVU’s director of homeland security programs and Keith Morris, assistant director of Forensic and Investigative Science in the Eberly College are co-investigators on both projects.

Williams said her unit, in addition to managing both grant projects as the main FBI point of contact for WVU, will also design and develop an interactive learning tool for the FBI to use in training its personnel on fingerprint innovations.

Ross explained the WVU’s role in the “friction ridge” fingerprint project.

“The goal of this project is to improve our understanding of the features that can contribute to the distinctiveness of fingerprints across individuals from a statistical perspective,” he said. “This work will benefit the forensics and biometrics communities even as we seek to further the science of fingerprints.”

“Friction ridge impressions” is a term used to denote palmprints and fingerprints and the work of Ross, Morris and Williams will help experts better understand the role of individual fingerprint features in establishing the identity of an individual. The fingerprint project will define the quality and quantity of information in a friction ridge impression during analysis; expand on procedures to map, record and recognize fingerprint features; and assist in the development of standards for fingerprint images.

Moroose’s work will center on refining methods for capturing trace human epithelial cells for use in scent evidence collection. She explained that even the most meticulous criminals leave behind invisible trace scent evidence that is unique. Recent improved techniques have catapulted the use of the scent evidence to the forefront of major criminal investigations.

WVU has become a focal point for national biometric work. The University is the academic arm of the FBI’s Biometric Center of Excellence, provides biometrics research support to the FBI and its law enforcement and national security partners, and serves as the FBI liaison to the academic community of biometric researchers nationwide. Additionally, WVU is the founder and lead site for a National Science Foundation-supported center known as CITeR – an initiative that focuses on biometrics and related identification technology and systems.

West Virginia to receive over $550,000 in training grants for miners

WASHINGTON, D.C. – The State of West Virginia will be receiving $554,548 from the U.S. Department of Labor’s Mine Safety and Health Administration for miner health and safety training programs, it was announced today.

Grantees will use the funds to provide federally mandated training to miners. The grants cover training and retraining of miners working at surface and underground coal and metal and nonmetal mines, including miners engaged in shell dredging or employed at surface stone, sand and gravel mining operations.

“Having supped at a coal miner's table, and married a coal miner's daughter, I have always considered coal miners to be family. We must never let up in our efforts to ensure their health and safety,” said U.S. Sen. Robert C. Byrd, D-W.Va., who as the senior member of the Senate Appropriations Committee, has been a major advocate for increasing funding to the federal Mine Safety and Health Administration over the years.

The state grant program was authorized by the Coal Mine Safety and Health Act of 1969. States first received funding in 1971 to provide health and safety training to miners.

Energy and Natural Resource Symposium set for Oct. 29 in Huntington

HUNTINGTON — The Huntington Regional Chamber of Commerce will present its 5th Annual Energy & Natural Resource Symposium sponsored by Natural Resource Partners L.P. on Thursday, Oct. 29, featuring keynote speaker Patrick J. Michaels, a Senior Fellow in Environmental Studies at the Cato Institute.

The event will take place from 3 p.m. to 5 p.m. at the Pullman Plaza Hotel, 1001 Third Ave. in Huntington, with a reception immediately following, sponsored by Cabell Huntington Hospital. Additional Sponsors include: Bowles Rice McDavid Graff & Love LLP.

The Cato Institute is a non-profit public policy research foundation headquartered in Washington, D.C. that works to increase the understanding of public policies based on the principles of limited government, free markets, individual liberty, and peace.

Michaels is a Distinguished Senior Fellow in the School of Public Policy at George Mason University.

He is a past president of the American Association of State Climatologists and was program chair for the Committee on Applied Climatology of the American Meteorological Society.

Michaels was also a research professor of Environmental Sciences at University of Virginia for 30 years. Michaels is a contributing author and reviewer of the United Nations Intergovernmental Panel on Climate Change, which was awarded the Nobel Peace Prize in 2007.

His writing has been published in the major scientific journals, including Climate Research, Climatic Change, Geophysical Research Letters, Journal of Climate, Nature, and Science, as well as in popular serials such as the Washington Post, Washington Times, Los Angeles Times, USA Today, Houston Chronicle, and Journal of Commerce.

He was an author of the climate "paper of the year" awarded by the Association of American Geographers in 2004. He has appeared on most of the worldwide major media.

Michaels holds A.B. and S.M. degrees in biological sciences and plant ecology from the University of Chicago, and he received a Ph.D. in ecological climatology from the University of Wisconsin at Madison in 1979.

Additional speakers will be announced soon.

Cost to attend this event is $200 for a table of six or $50 per person. Visa, MasterCard and American Express are accepted. All cancellations must be made 24 hours in advance. To register, contact the Chamber at (304) 525-5131.

State Farm Report shows West Virginia leads nation in deer-vehicle collisions

Bloomington, Ill., Sept. 28, 2009 – The number of vehicles on U.S. roadways has grown by 7 percent over the last five years. But the number of times those vehicles have collided with deer has swelled by much more than that, according to a report issued today by State Farm Insurance.

Using its claims data, State Farm estimates 2.4 million collisions between deer and vehicles occurred in the U.S. during the two-year period between July 1, 2007 and June 30, 2009 (100,000 per month). That’s 18.3 percent more than five years earlier. To put it another way, one of these unfortunate encounters occurs every 26 seconds (although they are much more likely during the last three months of the year and in the early evening).

LIKELIHOOD OF DEER-VEHICLE COLLISIONS
For the third year in a row, West Virginia tops the list of those states where a collision with a deer is most likely (for any one vehicle). Using its claims data in conjunction with state motor vehicle registration counts from the Federal Highway Administration, State Farm calculates the chances of a West Virginia vehicle striking a deer over the next 12 months at 1 in 39. Such an encounter is even more likely in West Virginia than it was a year ago.

Michigan remains second on that list. The likelihood of a specific vehicle striking a deer there is 1 in 78. Pennsylvania (1 in 94) and Iowa (1 in 104) remain third and fourth respectively. Montana (1 in 104) moved up three places to fifth.

Arkansas and South Dakota each dropped a spot to sixth and seventh. Wisconsin remains eighth. North Dakota and Virginia round out the top 10.
The state in which deer-vehicle collisions are least likely is still Hawaii (1 in 9,931). The odds of any one vehicle hitting a deer in Hawaii during the next year are roughly equivalent to the odds of randomly picking a piece of clover and finding it has four leaves.

The average property damage cost of these incidents was $3,050, up 3.4 percent from a year ago.

According to the Insurance Institute for Highway Safety, deer-vehicle collisions in the U.S. cause more than 150 fatalities each year.

MORE DEER-VEHICLE COLLISIONS
Among the 35 states where at least 7,000 deer-vehicle collisions occur per year (we are not including the percentage changes in the other 15 states plus D.C. because the lower volume of total collisions makes the percentage changes less credible), New Jersey and Nebraska have posted the largest increases, 54 percent. Kansas is next at 41 percent. Deer-vehicle collisions have jumped by 38 percent in Florida, Mississippi and Arkansas. Then come Oklahoma (34 percent) and West Virginia, North Carolina and Texas (33 percent).

AVOIDING DEER-VEHICLE COLLISIONS
These collisions are more frequent during the deer migration and mating season in October, November and December. The combination of growing deer populations and the displacement of deer habitat caused by urban sprawl are producing increasingly hazardous conditions for motorists and deer.

“State Farm has been committed to auto safety for several decades and that’s why we want to call attention to potential hazards like this one,” said Laurette Stiles, State Farm Vice President of Strategic Resources. “We hope our updated information will inspire motorists to make safe decisions.”

Here are tips on how to reduce the chances that a deer-vehicle collision involving your vehicle will be part of the story we tell in next year’s version of this news release:
Be aware of posted deer crossing signs. These are placed in active deer crossing areas.
Remember that deer are most active between 6 and 9 p.m.
Use high beam headlamps as much as possible at night to illuminate the areas from which deer will enter roadways.
Keep in mind that deer generally travel in herds – if you see one, there is a strong possibility others are nearby.
Do not rely on car-mounted deer whistles.
If a deer collision seems inevitable, attempting to swerve out of the way could cause you to lose control of your vehicle or place you in the path of an oncoming vehicle.

Friday, September 25, 2009

Bureau of Economic Analysis data shows Morgantown among nation's fastest growing areas

     WASHINGTON, D.C. — Statistics released this week by the U.S. Bureau of Economic Analysis show that the slowdown in U.S. economic growth was widespread in 2008, with 60 percent of metropolitan areas seeing economic growth slow down or reverse. 

    Real GDP growth slowed in 220 of the nation's 366 metropolitan statistical areas (MSAs) in 2008 with downturns in construction, manufacturing, and finance and insurance restraining growth in many metropolitan areas. Growth in real U.S. GDP by metropolitan area slowed from 2.0 percent in 2007 to 0.8 percent in 2008.

    In West Virginia, Morgantown went against the national trend, posting 4.2 percent growth last year -  making it the 29th fastest-growing of the 366 metro areas in the United States. Charleston's real gross domestic product grew by 1.7 percent, making it the 117th fastest-growing metro area.

    Other metro areas that include all or a portion of West Virginia and their growth rankings: Cumberland, Md.-W.Va., 71st; Hagerstown-Martinsburg, Md.-W.Va., 257th; Parkersburg-Marietta-Vienna, W.Va.-Ohio, 194th; Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va., 69th; Weirton-Steubenville, W.Va.-Ohio, 43rd; Wheeling, W.Va.-Ohio, 50th; and Winchester, Va.-W.Va., 335th.

    Real economic growth slowed in all eight BEA regions, but three were particularly hard hit—the Southwest region experienced the largest deceleration, the Southeast region slowed to no growth, and the Great Lakes region contracted. Metropolitan areas in the Southwest region were slowed by a decline in nondurable goods manufacturing. Declines in construction, manufacturing, and finance and insurance caused metropolitan areas in the Great Lakes and Southeast to slow or contract.

    In 2008, real GDP by metropolitan area declined in 111 of the 366 MSAs. Many metropolitan areas in the Sun Belt, which had previously experienced large growth in the housing market, were adversely affected by protracted housing declines. Much of the decline in the housing-related industries (construction and finance and insurance) can be attributed to metropolitan areas in Arizona, California, Florida, and Nevada. Specifically, the areas of Los Angeles-Long Beach-Santa Ana, CA; Miami-Fort Lauderdale-Pompano Beach, FL; Phoenix-Mesa-Scottsdale, AZ; and Reno-Sparks, NV were hard hit. Metropolitan areas in Florida—Cape Coral-Fort Myers, FL; Punta Gorda, FL; Naples-Marco Island, FL; Palm Coast, FL; and Bradenton-Sarasota-Venice, FL—were among the hardest hit in the nation by the construction slowdown.

    In contrast, growth accelerated in 146 metropolitan areas, most notably in areas where natural resources and mining industries are concentrated such as Casper, WY and Grand Junction, CO. Grand Junction had the fastest real GDP growth (12.3 percent) of any metropolitan area in 2008 due largely to growth in natural resources and mining. The professional and business services industry group also showed strong growth in 2008, contributing the most to real GDP growth in 112 metropolitan areas.

    Per capita real GDP by metropolitan area in 2008. San Jose-Sunnyvale-Santa Clara, CA had the highest per capita real GDP in 2008 of $82,880, which was almost twice the U.S. metropolitan area average. San Jose's ranking reflects its high concentration in the information and data processing sector. Palm Coast, FL had the lowest at $11,611, which was 72.2 percent below the U.S. metropolitan area average.


    More information, and a complete copy of the BEA's report can be found online at www.bea.gov .

Working Mother magazine names the 100 Best Companies for working women

    NEW YORK — Working Mother magazine has released its annual rankings of the 100 best companies for working women.  While no company that is headquartered in West Virginia made the list, several companies with significant presences in West Virginia were among those recognized for their dedication to family-friendly benefits.

    AEP, Dow, Dupont and Verizon were among the companies in the Working Mother 100 Best Companies list. 

    “The Working Mother 100 Best Companies stand head and shoulders above the rest,” said Carol Evans, President, Working Mother Media. “For example, in the last year, we saw the number of companies nationwide offering flexible work arrangements diminish five percentage points, while the 100 Best Companies stayed steady at 100 percent. The 100 Best provide leadership where and when we need it most, furnishing a framework of support for working families during good times and bad. If all companies adopted these best practices, more families could weather the economic storm.”

    Profiles of the 100 Best Companies, as well as national comparisons, are in the October issue of Working Mother and at workingmother.com/bestcompanies .

    “Moms are increasingly becoming the sole breadwinners in many households as men lose their jobs at a higher rate than women,” said Suzanne Riss, Editor in Chief, Working Mother magazine. “Now more than ever, our readers and all working mothers need the support of their employers. By offering benefits like paid maternity leave, the ability to work from home and wellness programs, as well as programs that enhance financial well-being, our 100 Best are helping to reduce stress in the busy lives of working moms. These companies epitomize family-friendly support at its best.”

    Now in its 24th year, the Working Mother 100 Best Companies program draws attention to the significant contributions working mothers make to industries and the companies that recognize the importance of tapping this essential labor pool. “We have faith that some day the programs found at the 100 Best Companies will become business norms offered by all companies,” said Evans. “When the economy recovers, lagging companies will lose out on a powerful group of dedicated employees—working moms.”



THE 2009 WORKING MOTHER 100 BEST COMPANIES
*Indicates a Top 10 winning company
Abbott*
Accenture
Allstate Insurance Company
American Electric Power
American Express Company
AOL
Arnold & Porter
AstraZeneca
Automatic Data Processing, Inc.
Bain & Company, Inc.
Bank of America
Baptist Health South Florida
Bayer Corporation
Blue Cross and Blue Shield of North Carolina
Bon Secours Richmond Health System*
Booz Allen Hamilton
The Boston Consulting Group
Bristol-Myers Squibb
Capital One Financial Corporation
Carlson
Children's Healthcare of Atlanta
Children's Memorial Hospital
Chrysler
Cisco Systems
Citi
Colgate-Palmolive Company
Cornell University
Covington & Burling
Credit Suisse
Dell Inc.
Deloitte*
Deutsche Bank
Diageo North America
Discovery Communications*
Dow Corning Corporation
DuPont
Eli Lilly and Company
Ernst & Young*
FINRA
First Horizon National Corporation
First National Bank
Freddie Mac
General Electric Company
General Mills*
GlaxoSmithKline
Goldman, Sachs & Co.
Grant Thornton*
Hallmark Cards, Inc.
HCA Virginia Health System - Central Virginia Market
Hewlett-Packard Company
IBM Corporation*
Intel Corporation
Johnson & Johnson
JPMorgan Chase
Katten Muchin Rosenman
Kellogg Company
KPMG
Kraft Foods, Inc.
LEGO Systems, Inc.
March of Dimes Foundation
Marriott International, Inc.
MassMutual Financial Group
MasterCard Worldwide
The McGraw-Hill Companies*
McKinsey & Company
Merck & Co., Inc.
Mercy Health System
MetLife, Inc.
Microsoft Corporation
Moffitt Cancer Center
Morgan Stanley
New York Life Insurance Company
Northern Trust Corporation
Northwestern Memorial HealthCare
Novartis Pharmaceuticals Corporation
Patagonia, Inc.
Pearson Inc
Pfizer Inc
The Phoenix Companies, Inc.
Pillsbury Winthrop Shaw Pittman
Pitt County Memorial Hospital
The PNC Financial Services Group, Inc.
PricewaterhouseCoopers*
Principal Financial Group
The Procter & Gamble Company
Providence Health & Services Alaska
Prudential Financial, Inc.
RSM McGladrey, Inc.
S. C. Johnson & Son, Inc.
sanofi-aventis U.S.
Scripps Health
Texas Instruments Incorporated
TriHealth, A Partnership of Bethesda and Good Samaritan
Turner Broadcasting System, Inc.
University of Wisconsin Hospital and Clinics
VCU Health System
Verizon Communications Inc
WellPoint, Inc
WellStar Health System
Yale-New Haven Hospital

Methodology:
Companies were selected for the 2009 Working Mother 100 Best Companies based on an extensive application with more than 500 questions on work force, compensation, child care, flexibility programs, leave policies and more. It also surveys the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, benefits, women’s issues and advancement, child care, flexible work, parental leave and company culture. For this year’s 100 Best, particular weight was given to benefits, flexibility and parental leave.

Thursday, September 24, 2009

Tax Foundation rates West Virginia No. 37 in State Business Tax Climate

WASHINGTON, D.C. -- South Dakota has the most "business-friendly" tax system in the United States, and New Jersey has the least, according to the Tax Foundation's 2010 State Business Tax Climate Index.

West Virginia rated as the No. 37 state in the nation on the Tax Foundation's index. The Index measures the competitiveness of the 50 states' tax systems and ranks them accordingly based on the taxes that matter most to businesses and business investment: corporate income, individual income, sales, property and unemployment insurance taxes.

The states are scored on these taxes, and the scores are weighted based on the relative importance or impact of the tax to a business. Keeping a state competitive in today's global marketplace can be difficult, but there is one factor lawmakers have direct control over: the quality of state tax systems. The Index measures how well a state's tax system encourages investment by maintaining a broad tax base and low rates.

"When policymakers are considering tax changes in their states, they should remember two rules: Taxes matter to business, and states do not enact tax changes - increases or cuts - in a vacuum," said Kail Padgitt, Ph.D., who authored Tax Foundation Background Paper No. 59, "2010 State Business Tax Climate Index." The Index represents the tax climate of each state as of July 1, 2009, the first day of the standard 2010 fiscal year.

The top 10 states in the 2010 Index, from 1st to 10th, are South Dakota, Wyoming, Alaska, Nevada, Florida, Montana, New Hampshire, Delaware, Washington and Utah. The bottom 10 states, from 41st to 50th, are Vermont, Wisconsin, Minnesota, Rhode Island, Maryland, Iowa, Ohio, California, New York and New Jersey.

Oklahoma saw the biggest drop in ranking this year - from 19th in 2009 to 31st in 2010 - due not to legislative changes, but to the fact that the Tax Foundation was able to obtain much more detailed nationwide data on local-option sales taxes, which are much higher in Oklahoma than in most states (above 4 percent in several municipalities).

Kentucky's ranking improved the most - up 14 spots from 34th in 2009 to 20th in 2010. Many economically damaging changes were enacted in other states that previously ranked better than Kentucky - especially in the personal income tax - so other states' rankings fell while Kentucky remained stable.

Other tax changes that affected states' rankings include enactment of so-called "millionaires' taxes" on high-income earners (often on income far less than $1 million) in states such as Hawaii, New Jersey and Oregon. New Jersey remained dead last, as it was in the 2009 Index, and Hawaii and Oregon dropped in rank by two spots to 24th and six spots to 14th, respectively. Ten states also enacted cigarette tax increases this year: Arkansas, Florida, Hawaii, Kentucky, Mississippi, New Jersey, New Hampshire, Rhode Island, Vermont and Wisconsin.

The full Tax Foundation report is available online at http://www.taxfoundation.org/research/show/22658.html.

The Tax Foundation is a nonpartisan, nonprofit organization that has monitored fiscal policy at the federal, state and local levels since 1937.

State Tourism Commission awards $1.8 million in advertising matching grants

CHARLESTON—West Virginia tourism industry projects totaling nearly $3.6 million have been approved by the West Virginia Tourism Commission to receive matching funds in the amount of $1.8 million through the Matching Advertising Partnership Program (MAPP). MAPP allows state tourism businesses to match their advertising dollars through partnerships with other tourism businesses and the state. Matches are based on the budgets of the applicants with their partners combined. The matching funds support efforts to promote West Virginia as a premier tourist destination.

Approved requests representing tourism projects from across the state include:

American Mountain Theater Inc. – Applicant funding requirement: $79,469.50; state match: $79,469.50
The American Mountain Theater (AMT) opened their $1.8 million, 527-seat facility in 2007. Since that time, their "Branson Style" family friendly music, comedy and variety show has grown from less than 12,000 attendees in 2007 to an expected 35,000 attendees by the end of the 2009 season, and a projected 42,500 in 2010. The goal of their advertising program is to continue to increase awareness of AMT and Elkins, West Virginia, as travel destinations by using a media mix that includes print, broadcast and the Internet, as well as direct mail. Trade shows in Maryland, Tennessee, North Carolina, Pennsylvania, and Virginia also are included in order to attract motorcoaches to visit the Elkins destination. The Durbin & Greenbrier Valley Railroad, U.S. Tours Wholesale Travel & Cruise and Randolph County Convention & Visitors Bureau (CVB) have partnered with AMT for this campaign.

Augusta Heritage Center of Davis and Elkins College – Applicant funding requirement: $27,043.75; state match $27,043.75
Partnering with the Randolph County Community Arts Center and the West Virginia Mountain Highlands, Augusta Heritage Center’s 2009-2010 campaign will increase exposure to target audiences by highlighting cultural heritage concerts and the Augusta Festival, as well as emphasizing the unique vacation experience available in West Virginia’s Mountain Highlands. The campaign includes direct mail, radio and print advertising in regional, national and international markets.

Cabell-Huntington CVB – Applicant funding requirement: $110,544.05; state match: $110,544.05
The goal of this project is to motivate the consumer, business, group and trade markets to choose the Greater Huntington area as a destination, stopover or event location. This will be accomplished through regional print, broadcast and Internet media as well as billboards emphasizing the amenities, attractions and events unique to the area. In addition, the CVB will target Myrtle Beach visitors, due to inexpensive flights available from Myrtle Beach to Huntington. 

Charles Town Races & Slots – Applicant funding requirement: $470,625.83 ; state match: $470,625.83
The Charles Town Races & Slots (CTRS) campaign will continue to showcase the variety of entertainment and activities offered in the Eastern Panhandle of West Virginia. Partners in this project include Jefferson County and Ranson CVBs, the Jefferson County Chamber, and the Bavarian Inn. Their media plan includes print, television and radio primarily in the Washington, D.C., and Baltimore markets as well as direct mail with incentives for return visits and new members.

Flatwoods Factory Outlet Stores – Applicant funding requirement: $30,000.00; state match: $30,000.00
The main goal of the Flatwoods Factory Outlet Stores campaign is to create awareness in surrounding states and metropolitan areas of the destination’s shopping experience available off I-79 at Exit 67. Partners include the Braxton County CVB, Sutton Lake Marina and the Café Cimino Country Inn. Print and Internet media, as well as billboards will be utilized to increase visitation from outside a 50-mile radius.

John Skidmore Development Inc. – Applicant funding requirement: $47,072.50; state match: $47,072.50
The Flatwoods Days Hotel and Conference Center hosts 30,000 to 50,000 overnight guests yearly, with the conference center averaging more than 1,100 individual meeting groups per year with 40,000 conference attendees. This project seeks to make their facility more visible and bring additional tourism to central West Virginia by utilizing regional and national print, broadcast and Internet media, as well as billboards. 

Long Run Realty doing business as Timberline Four Seasons Realty – Vacation Rentals – Applicant funding requirement: $10,747.80; state match: $10,747.80
“An Escape for All Seasons” campaign is designed to market recreational amenities and promote lodging facilities in order to attract new customers and build customer loyalty for return visits to Tucker County. Media includes print, Internet and trade shows, primarily targeted to the Washington, D.C., market. Timberline Four Seasons Resort and the Tucker County CVB will partner in this project.

Mountaineer Casino Racetrack & Resort – Applicant funding requirement: $215,596.39 ; state match: $215,596.39
Mountaineer Casino Racetrack & Resort’s “Let Loose at Mountaineer” campaign provides tourism awareness for Hancock County targeting visitors from Pittsburgh, Cleveland/Akron and Youngstown to visit the Northern Panhandle of the state. Advertising in the project includes newspaper, radio, and television media, as well as billboards and direct mail. Partners within this program include Homer Laughlin China Co., Tomlinson Run State Park and the Top of West Virginia CVB. 

New River Gorge CVB – Applicant funding requirement: $42,267.80; state match: $42,267.80
The New River Gorge CVB has planned a marketing schedule with media throughout the year to support and attain their goal of attracting more visitors to stay longer. Plans feature print, broadcast and Internet media in the Mid-Atlantic and South East, as well as four printed brochures focusing on the lodging, activities, events, and scenic beauty offered by the area.

Pocahontas County CVB – Applicant funding requirement: $205,028.50; state match: $205,028.50
The goal of the Pocahontas County CVB’s “Recreation in Motion” campaign is to build a strong regional brand image to families taking short or long vacations, couples or friends wanting a short getaway, and the group tour markets. Advertising includes print, television, radio and Internet media as well as billboards and trade shows. Key targeted geographic markets included in the plan are the Pittsburgh area, all of Ohio, West Virginia, and Mid-Atlantic states including Virginia, Delaware, Maryland, and Washington, D.C. 

Snowshoe Properties Management LLC – Applicant funding requirement: $10,567.05; state match: $10,567.05
The Snowshoe Properties Management LLC advertising campaign targets families, individuals and groups who are seeking an affordable vacation destination by offering a wide variety of attractions, activities and amenities that are available year round. The project includes print media as well as a direct mail piece to a targeted mailing list. The project partners Snowshoe Properties with the Pocahontas County CVB and the National Radio Astronomy Observatory.

Timberline Four Seasons Resort– Applicant funding requirement: $171,971.46; state match: $171,971.46
The goals of Timberline Four Seasons Resort’s “A Mountain for All Seasons” campaign are to develop new markets, build customer loyalty and increase customer awareness of Timberline’s diverse recreational and conference opportunities. Their target includes youth groups such as the Boy Scouts and Girl Scouts of America, public and private colleges and high schools in Delaware, Maryland, Virginia, Ohio, Pennsylvania, West Virginia, North Carolina, South Carolina, Kentucky, Tennessee, Alabama and Florida. Media selected to cover their markets include newspapers, magazines, Internet and billboards as well as direct mail and trade shows.

Top of West Virginia CVB – Applicant funding requirement: $96,386.00; state match: $96,386.00
The Top of West Virginia CVB’s direct advertising project combines promotional efforts to market Hancock and Brooke counties as one “Top of West Virginia” destination. The CVB’s partnership promotes local hotels, restaurants, festivals, events, attractions and conference sites as a package for all types of visitors. Media selected includes newspaper, magazine, radio, television, Internet and billboards as well as trade shows primarily in the Pittsburgh and Ohio markets.

Travel Berkeley Springs – Applicant funding requirement: $51,601.00; state match: $51,601.00
The Travel Berkeley Springs (TBS) Integrated Ad Plan works to enhance the economic climate of Morgan County through tourism promotion, while preserving its historic, cultural and natural resources. The campaign markets Berkeley Springs as a destination for cultural tourists, while enhancing their reputation as a four-season destination, and branding Berkeley Springs as a desirable getaway for travelers attracted to spas, art and fine dining. Media includes print and television regionally and in the Washington, D.C., market.

Tucker County CVB – Applicant funding requirement: $50,641.87; state match: $50,641.87
The Tucker County CVB’s “Ski the Valley ’09-’10” campaign brings two competitive tourism attractions together by cooperating to offer admission to both using one ticket. The CVB, along with partners, Canaan Valley Resort and Timberline Four Seasons Resort, will be marketing the tagline “Two Great Mountains, One Easy Ticket.” The program will utilize print, broadcast and Internet media primarily in Washington, D.C., Maryland, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Tennessee, Alabama and Florida to increase visitation to Tucker County during the winter sports season.

Wheeling Island Hotel-Casino-Racetrack – Applicant funding requirement: $156,820.03; state match: $156,820.03
The goal of Wheeling Island Hotel-Casino-Racetrack is to promote the Northern Panhandle as a complete casino destination offering an amenity packed facility for gaming, leisure, event, conference and recreation-seeking visitors. In order to thrive in the face of new and increased competition, Wheeling Island will market its strengths to new gamers and encourage product trials. Advertising includes print, radio, and direct mail primarily in the Pennsylvania, West Virginia and Ohio markets.

SBA to conduct fall training events

CLARKSBURG, W.Va. ─ The U.S. Small Business Administration will be conducting several workshops this fall designed to demystify the government contracting process for West Virginia small business owners. Five different events will be offered from federal government contracting to how to handle cost and pricing.

“The American Recovery and Reinvestment Act provides numerous financial opportunities for small businesses during these trying economic times,” said Judy McCauley, Director of SBA’s West Virginia District Office. “Federal contracting can help small businesses to not only survive, but to actually flourish and expand. These training events will give small businesses an excellent introduction to Federal contracting and how to take advantage of it.”

Doing Business with the Federal Government, set for Wednesday, September 30 at the Women’s Business & Training Center in Beckley, W.Va., will walk attendees through the various contracting programs available to small businesses and will provide an overview of the certification procedure. Registration can be made by contacting the Women’s Business & Training Center at (800) 766-4556 or (304) 253-3145 and by visiting www.westvirginiawbc.org.

Then, the SBA will be offering “Small Business Central – the New Information Center” which will incorporate the training session New Contracts for Small Business – Doing Business with the Federal Government. This training will be offered at the October 14 and 15 Teaming To Win Conference at 12:30 p.m. each day. The Conference will be held at the I-79 Technology Park Research Center inFairmont, W.Va. Conference information can be found at www.teamingtowin.org or by calling (304) 285-1306.

Wednesday, September 23, 2009

Forbes ranks West Virginia No. 46 state in the country to do business

    CHARLESTON - Today, Forbes Magazine released its annual rankings of the Best States to do Business in in the United States. West Virginia was ranked as the No. 46 state.

    While this ranking may seem low, it is actually an improvement for West Virginia. Last year, West Virginia ranked No. 50 out of all 50 states.

    The annual Forbes rankings measure six vital categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. Forbes factors in 33 different points of data to determine the ranks in the six main areas. Business costs that include labor, energy and taxes are weighted the most heavily. Forbes relies on nine different data providers. Moody’s Economy.com is the most utilized resource.

    For the second year in a row West Virginia's neighbor to the south, Virginia, was ranked as the best state in the nation in which to conduct business. Virginia was followed by Washington, Utah, Colorado and North Carolina.

    Following is the list as published today by Forbes. For more information about the list, please visit http://www.forbes.com/.


1 Virginia
2 Washington
3  Utah
4 Colorado
5 North Carolina
6 Georgia
7 North Dakota
8 Texas
9 Nebraska
10 Oregon
11 Idaho
12 Maryland
13 Montana
14 Iowa
15 Kansas
16 South Dakota
17 Minnesota
18 Florida
19 New Hampshire
20 Oklahoma
21 Delaware
22 Wyoming
23 Tennessee
24 Illinois
25 South Carolina
26 Arkansas
27 New Mexico
28 Alabama
29 Missouri
30 Indiana
31 Nevada
32 New York
33 Pennsylvania
34 Massachusetts
35 Connecticut
36 Arizona
37 Ohio
38 California
39 Hawaii
40 Mississippi
41 Maine
42 Alaska
43 Kentucky
44 Louisiana
45 New Jersey
46 West Virginia
47 Vermont
48 Wisconsin
49 Michigan
50 Rhode Island

Tuesday, September 22, 2009

Create West Virginia Conference set for Oct. 18-20 in Huntington

HUNTINGTON - The Create West Virginia Conference to be held Oct. 18-20 in Huntington, is a statewide celebration of creative community building that is designed to spark new economy growth in West Virginia. The "new" economy is defined as those industries that generate income from the development of intellectual property and innovative entrepreneurship.

"Our goal is for the creative energy from Huntington and the Create West Virginia Conference to spread throughout the state," said Jeff James of Mythology LLC and Chair of Create West Virginia. "We want West Virginia to become a recognized leader for generating economic growth through creativity and innovation, and this conference is the perfect place to create that spark." The conference is expected to attract nearly 500 people representing the state's business, economic, academic, cultural and community development leadership."

"We chose Huntington as the location for the Create West Virginia Conference because Huntington is an amazing example of a creative community in action, with the local Create Huntington team at the helm of this venture," said James. Community members are encouraged to take what they've learned at the conference, go back to their communities, form teams and move forward on a new economy growth plan. So far, there are local "Create" teams in: Huntington, Fayetteville, Buckhannon, Mercer County, and Pocahontas County. Other communities, such as Spencer and Glenville, are also moving forward with similar goals.

As a community-focused, grass roots movement launched by Vision Shared (http://www.visionshared.com/), Create West Virginia has broad goals and strategies to build creative communities. Communities themselves can then determine how to move forward in a way that builds on their local strengths and goals. This conference is an opportunity to share ideas and generate renewed energy to spread the creative development of economic and cultural opportunities throughout the state.

Local leaders are encouraged to bring teams of attendees representing key areas of the community, including entrepreneurs and small business owners, superintendents of schools and board of education members, economic developers, non-profit and community leaders and cultural leaders. Based on the experience of prior conferences, the diverse mix of insights and ideas has been the spark that many communities needed to move in positive new directions.

The third annual Create WV Conference delivers an unprecedented level of insight and inspiration towards building creative communities for the new economy, with over 40 track sessions in Business Innovation, Quality of Place, Resources, Technology, Diversity and Education. In addition, conference attendees will attend a FREE Mountain Stage concert featuring Kathy Mattea during the Sunday evening welcome reception. Special 2009 pricing is offered for full conference and half day attendance. Register today at www.createwv.com/2009conference.

Create WV 2009 Conference Sponsors include: BrickStreet Insurance; MATRIC; West Virginia Department of Education and the Arts; Steptoe Johnson PLLC; SCORE; Mountain State Blue Cross Blue Shield; WVHTC Foundation; Cabell County Commission; Entrepreneurship Alliance; West Virginia State University Extension; Triad Engineering; Mine Safety Technology Consortium; Spilman Thomas & Battle PLLC; Unlimited Future, Inc.; CISCO Systems; Generation WV; and Good News Mountaineer Garage.

For more information about the Create West Virginia Conference, visit http://www.createwv.com/.

Putnam County Chamber of Commerce to hold Masquerade Monte Carlo Night Oct. 31

    WINFIELD -- The Putnam County Chamber of Commerce is holding a Masquerade Monte Carlo Night on Saturday, Oct. 31 at Sleepy Hollow Golf Club from 7 p.m. – Midnight. The evening will include casino games, entertainment, live and silent auction items, food and beverages. For added fun, guests are encouraged to attend in costume and contend for the people’s choice award! Tickets are $35 per person or $50 per couple and can be purchased at the Chamber office. Sponsorships are available starting at $150.

    For more information or to purchase your ticket, please contact the Chamber at 304.757.6510 or chamber@putnamcounty.org.

American Electric Power recognized as one of the '100 Best Companies for Working Mothers'

CHARLESTON -- American Electric Power (NYSE: AEP) has been named one of the “100 Best Companies for Working Mothers” by Working Mother magazine, a national publication targeting career-committed mothers, for the fifth time in eight years.

AEP is the only electric utility on the list, which appears in the magazine’s October edition.

The companies that Working Mother recognized were chosen based on a 500-question survey addressing work schedule flexibility, work leave policies, child care, advancement of women, compensation and other work/life issues.

“Once again, we’re very proud to be included on this prestigious list of companies honored by Working Mother,” said Michael G. Morris, AEP chairman, president and chief executive officer in a company press release. “Given the recent tough economic times, it’s especially important that we continue to support all AEP employees with policies and programs that provide a balance between their work and home lives.“

“We know that our employees have challenges that can affect their daily work, such as finding dependable child care,” said Mary Cofer, director of diversity and culture for AEP. “Providing programs to help them manage these challenges is the right thing to do and also makes good business sense.”

Honored companies will be formally recognized during the annual Working Mother 100 Best Companies Work/Life Congress in New York Oct. 27-29.

AEP received the same recognition in 2008, 2007, 2004 and 2002. Working Mother also has selected AEP as one of the best companies for multicultural women the past four years.

More information about Working Mother, including the list of the 100 best companies, can be found online at www.workingmother.com.

Monday, September 21, 2009

New study shows tourism a $4.38 billion business in West Virginia

SNOWSHOE, W.Va. – Visitors to the Mountain State contribute billions of dollars to the state’s travel and tourism industry, according to a new study released today at the Governor’s Conference on Tourism at Snowshoe Mountain. The independent study commissioned by the West Virginia Division of Tourism documents the level of travel spending and the impact this spending has on the economy in terms of earnings, employment and tax revenue.

The study for 2008, completed by Dean Runyan Associates, indicates that:

* Travel spending by all overnight and day visitors in West Virginia generated more than $4.38 billion in the 2008 calendar year. This is equivalent to approximately $12 million dollars per day.

* Travel spending in West Virginia has increased by 7.8 percent per year since 2000. In constant dollars (adjusted for inflation), travel spending has increased by 4.5 percent for the same period.

* Visitors who stayed overnight in commercial lodging facilities spent $1.4 billion on their trips in 2008. This is about one-third of all travel spending in the state.

* Day travelers spent $2.1 billion, or nearly one-half of the state’s total travel spending, substantially on gaming and entertainment.

* During 2008, visitor spending in West Virginia directly supported 44,000 jobs with earnings of $912 million. Travel spending generated the greatest number of jobs in accommodations and food services, arts and entertainment and recreation.

* Local and state tax revenues generated by travel spending were $591 million in 2008. Without these travel-generated tax revenues, each household in West Virginia would have had to pay an additional $799 in state and local taxes to maintain current service levels.

“The study reaffirms that, even with the challenging economy, tourism is growing in West Virginia,” Commerce Secretary Kelley Goes said. “It also provides insight to the contributions that the tourism industry makes to the development of the state’s economy and aids in future strategic planning efforts for tourism.”

“The Dean Runyan Associates study, used the same type of data that other industries use when they estimate their economic impact,” said Betty Carver, Tourism commissioner. “With this research we can look at the direct impact tourism has, using existing statistics from county, state and federal reports.”

The Dean Runyan Associates study is a grassroots approach to the research that analyzes the travel economic impacts at the state, regional and county levels. Dean Runyan Associates used information provided by the West Virginia Department of Tax and Revenue, the West Virginia Racing Commission, the West Virginia Lottery and West Virginia State Parks and Forests. Federal assistance came from the USDA Forest Service, Department of Labor and the Bureau of Economic Analysis.

“The study breaks out traveler spending and state earnings into categories that are important to the tourism industry’s planning and development strategies,” Carver said.

Visitor spending is identified for types of accommodations, such as hotels and motels, campgrounds, private homes, vacation homes and day travel with no accommodations. It also takes into account goods purchased, such as accommodations, food and beverages, food stores, transportation and motor fuel, arts, entertainment, recreation, gaming and retail sales. The study further takes this information and details industry earnings, industry employment and tax receipts generated.

Dean Runyan Associates is an Oregon-based firm that has specialized in research and planning services for the travel, tourism and recreation industries since 1984. The firm developed and maintains the Regional Travel Impact Model (RTIM), a proprietary computer model for analyzing travel economic impacts at the state, regional and local levels. The company has extensive experience in project feasibility analysis, market evaluation, survey research and travel and tourism planning.

Dean Runyan Associates has conducted similar studies for the states of Arizona, California, Colorado, Idaho, Nevada, North Dakota, Oregon, Texas, Washington and Wyoming.

The study will be available for download from the West Virginia Division of Tourism’s Web site at http://www.wvtourism.com/ on Sept. 25.

Manchin addresses U.S. Chamber Climate Summit

WASHINGTON, D.C. — Remarks today (Sept. 21) by West Virginia Governor Joe Manchin and U.S. Senator Lamar Alexander were among the highlights of the opening session of the Major Economies Business Forum (MEBF) on Energy Security and Climate Change at the U.S. Chamber of Commerce.

Executives representing more than a dozen business organizations from the world’s top economies, who collectively represent more than 25 million businesses worldwide, convened in at the Chamber for a dialogue ahead of the U.N. climate change negotiations in Copenhagen.

“I appreciate the U.S. Chamber of Commerce for inviting me to speak at this very important forum,” said Manchin in a statement released by the U.S. Chamber. “Sustainable energy will continue to be one of world’s most critical areas that we must address by coming together for solutions. West Virginia has always stepped to the forefront to provide the energy that powers the United States, and we are committed to finding more efficient and environmentally responsible ways to continue to provide that energy source in the future.

Alexander highlighted the benefits of emissions-free nuclear power in his remarks. "The truth is that if we want safe, cost-effective, reliable, low-carbon electricity, we can no longer ignore the wisdom of the rest of the world and must invest more in the technology we ourselves invented: nuclear power,” he said.

Earlier, the delegates began their discussion with a focus session on the nexus between energy security, energy efficiency, and climate change in developing and developed countries. Thomas d’Aquino, chief executive and president of the Canadian Council of Chief Executives, served as a scene setter for the discussion, while Jamshvd Godrej, past president of the Confederation of Indian Industries moderated the discussion.

“We have to recognize that for many countries, providing modern energy services to their citizens is as important—if not more so—than reducing greenhouse gas emissions,” said Karen Harbert, president and CEO of the U.S. Chamber’s Institute for 21st Century Energy. “An international agreement that fails to recognize the growing need for affordable and reliable energy will not be viable over the long-term.”

Among other topics of discussion Monday were the importance of leveraging public and private sector capital to finance the deployment of clean energy technologies, as well as a discussion on the U.S. perspective on international climate negotiations with Christo Arutsio, deputy director of the Office of Global Change at the U.S. Department of State.

The MEBF continues Tuesday at 8:30 a.m. with remarks by Congressman F. James Sensenbrenner, Jr., the ranking member on the House Select Committee on Energy Independence and Global Warming.

The mission of the U.S. Chamber of Commerce's Institute for 21st Century Energy is to unify policymakers, regulators, business leaders, and the American public behind a common sense energy strategy to help keep America secure, prosperous, and clean. Through policy development, education, and advocacy, the Institute is building support for meaningful action at the local, state, national, and international levels.

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

WVU releases 2009 set of County Data Profiles

   MORGANTOWN -- West Virginia University's College of Business and Economics Bureau of Business and Economic Research (BBER) has issued its latest set of West Virginia County Data Profiles.

    The report contains detailed economic and demographic statistics on the state’s 55 counties and 16 metropolitan areas. Profiles are also available for the state of West Virginia and the nation.

    The profiles are available free of charge in PDF format on the web at: http://www.bber.wvu.edu/. They are also available in hardcopy format and on CD-ROM for a fee.

    Profiles ordered on CD-ROM also include most tables in spreadsheet format. Profiles may be ordered on the web site http://wvuecommerce.wvu.edu/ or contact the BBER at (304) 293-7831 or bureau@mail.wvu.edu for ordering information.

    “These profiles contain much of the economic and demographic information that can help businesses, state and local policymakers and analysts gauge the economic and demographic trends driving their economies,” said Dr. Christiadi, the demographer in the BBER who supervised the preparation of the profiles. “In the near future we will also include demographic profiles from the American Community Survey (ACS) as they become available for all West Virginia counties. The ACS data allow us to update demographic profiles every year rather than every decade.”

    Dr. Tom S. Witt, BBER director, said, “We have provided these profiles on an annual basis for 18 years. These publications are used by economic development and workforce organizations for planning and project proposals.”

Each County Data Profile Contains:
Personal Income by Major Source 1969-2007
Earnings by Industry 1969-2007
Employment by Industry 1969-2007
Compensation by Industry 2001-2007
Transfer Payments 1969-2007
Labor Force Statistics 1987-2008
BEARFACTS 1997-2007
Farm Income and Expenses 1969-2007
Census 2000 General Demographic Characteristics
Census 2000 Selected Social Characteristics
Census 2000 Selected Economic Characteristics
Census 2000 Selected Housing Characteristics
Census 2000 Commuting by Place of Residence and Work

Friday, September 18, 2009

Over half of state counties report rising unemployment rates in August

    CHARLESTON — West Virginia's unemployment rate climbed two-tenths of a percentage point to 8.6  percent in August 2009, and just over one-half of the state's 55 counties reported rising unemployment rates as well, according to data released today by Workforce West Virginia. 

    The number of counties reporting an unemployment rate considered much worse than average when compared to the state rate declined slightly. This group included Wyoming (13.0 percent), Jackson (13.2 percent), Calhoun (13.4 percent), Wetzel (13.5 percent), Mason (13.6 percent), and McDowell (14.1 percent). 

    The number of counties recording an unemployment rate considered better than average when compared to the state rate was unchanged. This group included Gilmer (7.2 percent), Kanawha (7.2 percent), Mercer (7.2 percent), Monroe (7.2 percent), Jefferson (7.0 percent), Marion (7.0 percent), and Putnam (6.9 percent). Once again, Monongalia (5.0 percent) was the sole county recording an unemployment rate considered much better than average when compared to the state rate.

SBA to hold Business Loan Clinic Oct. 1 in Charleston

CHARLESTON – As a small business owner, do you need financing but not sure where to look or how to approach a bank for a loan? The U.S. Small Business Administration and Charleston SCORE Chapter 256 will be hosting a free small business clinic called “Business Loans – No Hype, Just the Facts” on Thursday, Oct. 1 from 5:30 p.m. to 6:30 p.m. in the 4th Floor Conference Room at 405 Capitol Street in Charleston, W.Va. 

The clinic is free and open to the public. Registration is requested as seating is limited. Individuals can register online at www.wvscore.org or by phone at (304) 347-5463 or (304) 347-5220.

Emma Wilson, manager of the SBA’s Charleston Branch Office, said, “With the announcement of the American Recovery and Reinvestment Act, we are receiving requests from businesses looking for financing so they can survive the recent economic slowdown. This workshop gives us the opportunity to reach more people with solid accurate business information and provide first-hand knowledge on what lenders look for in a business loan.”

“Business Loans— No Hype, Just the Facts” will be presented by Wilson and will feature Ostie Mathisen, vice president of First State Bank located in Barboursville.

The presentation will include an open question and answer session.

This clinic is one in a series of free small business clinics. Future clinics and dates are as follows:

“Business Loans— No Hype, Just the Facts” November 5;

“Business Legal Organization and Tax Rates” October 15;

Byrd announces funding for several West Virginia road projects

WASHINGTON, D.C. - U.S. Sen. Robert C. Byrd, D-W.Va., who serves as the senior member of the Senate Appropriations Committee today announced millions of dollars he obtained in funding for road projects throughout West Virginia. The funding was included in the FY 2010 Transportation and Housing and Urban Development, and Related Agencies (THUD) Appropriations bill, which passed the Senate Thursday by a vote of 73-25.

Included in measure is funding for the following road projects throughout West Virginia:

• Byrd secured an additional $4.5 million for Corridor H, which remains the only unfinished corridor highway in West Virginia as part of the Appalachian Development Highway System (ADHS). Corridor H in West Virginia is planned to stretch from I-79 at Weston through the Potomac Highlands to the Virginia state line. The $4.5 million Byrd added to the bill would be used primarily for work on the roadway between Bismarck and Forman. To date Byrd has secured over $350 million in past appropriations bills for Corridor H construction. The State of West Virginia also receives annual ADHS formula funding as a result of Byrd’s efforts in past transportation authorization measures;

• $2 million for the Coalfields Expressway -- The Coalfields Expressway is a proposed 112-mile four-lane, limited-access, highway that will run from I-64-77 in Beckley to U.S. 23 in Pound, Virginia. This funding would be used for work associated with the Allen Creek to Slab Fork area. To date, Byrd has secured $149.35 million for this project;

• $2 million for the King Coal Highway -- The King Coal Highway is the 104-mile segment of U.S. 52 that extends from the Robert C. Byrd Freeway near Williamson to Interstate 77 near Bluefield. Funding will be used for construction of an interchange to WV 460 in Mercer County. Byrd has previously secured $124.65 million for this project;

• $2 million for U.S. Route 35 -- The West Virginia portion of U.S. Route 35 runs from the Ohio River east through Mason, Putnam, and Kanawha Counties and connects with Interstate 64 in Charleston. The roadway serves as a vital commercial thoroughfare, with trucks using the road as part of their route through Charleston and onto Cincinnati, Dayton, and Columbus, Ohio, and beyond. Byrd has secured $117.54 million for this project;

• $2 million in funding for continued construction and improvements to West Virginia Route 10 in Logan County;

• $500,000 for the replacement of the Wetzel Bridge -- The West Virginia Division of Highways will use these funds to replace the current Wetzel Street Bridge in the Town of Hundred which has been closed to traffic for some time;

• $1 million for Monongalia Health Systems Road -- The construction of an access road will provide emergency vehicles, patients, visitors and staff direct access to Monongalia General Hospital in Monongalia County; and

• $1.5 million for the Hardy County Complex Access Road -- This will allow the Hardy County Rural Development Authority in Moorefield to construct an access road to West Virginia Eastern Community and Technical College and points beyond.

Byrd announces federal funding for economic development projects in West Virginia

WASHINGTON, D.C. – U.S. Sen. Robert C. Byrd, D-W.Va., who serves as the senior member of the Senate Appropriations Committee, today announced Senate approval of $6.25 million in federal funding that he has secured for four economic development initiatives in West Virginia. The funding was part of the FY 2010 Transportation and Housing and Urban Development, and Related Agencies (THUD) Appropriations bill which passed the Senate Thursday by a vote 73-25.

Byrd secured funding for the following projects in West Virginia:

• $3 million for the Pocahontas County Wellness Center: The Pocahontas County Commission will construct the Pocahontas County Multipurpose Community Center in Marlinton. The new center will promote the health and wellness of county residents, and will provide youth and adult alcohol and drug prevention programs. Along with the prevention efforts, the center will offer alternatives to unhealthy behavior, such as after school programs, senior fitness and wellness programs, junior law enforcement programs, and health and fitness challenges;

• $1.5 million for the Spencer-Ripley Armed Forces Reserve Center: The Jackson County Commission will expand the drill hall and supporting facilities at the proposed Spencer-Ripley Armed Forces Reserve Center in Jackson County. The additional square footage at the center will provide much-needed multi-use space for the shared use by residents of the surrounding communities and Armed Forces personnel;

• $1 million for the Hampshire County Special Services Center (HCSSC): These funds will support the relocation of the HCSSC in Romney. The Center serves people with developmental disabilities and is the largest employer to people with developmental disabilities in the area. This relocation would allow for the expansion of the services provided by the center; and

• $750,000 for the Appalachia Service Project: The Appalachia Service Project Home Repair Program provides free home repair to low-income families in Southern West Virginia.

Thursday, September 17, 2009

Sen. Byrd secures additional $4.5 million in funding for Corridor H

WASHINGTON, D.C. -- U.S. Sen. Robert C. Byrd, D-W.Va., has secured  an additional $4.5 million in the FY 2010 Transportation and Housing and Urban Development, and Related Agencies (THUD) Appropriations bill for Corridor H.

Corridor H remains the only unfinished corridor highway in West Virginia as part of the Appalachian Development Highway System (ADHS). Corridor H in West Virginia is planned to stretch from I-79 at Weston through the Potomac Highlands to the Virginia state line.

“Corridor H is my transportation crusade,” Byrd said in a prepared statement. “This is the only uncompleted ADHS corridor in West Virginia and it is my mission to see that it is completed. This additional funding contributes to that mission.”

Nearly 66 miles of the corridor in West Virginia have been completed and are open to traffic. An additional 23 miles are under construction and a 19-mile segment is under final design and awaiting funding. The $4.5 million added by Byrd would be used primarily for work on the roadway between Bismarck and Forman, West Virginia. To date Byrd has secured over $350 million in past appropriations bills for Corridor H construction. The State also receives annual ADHS formula funding as a result of Byrd’s efforts in past transportation authorization measures.

Byrd also applauded the completion of a 7-mile segment and the recently completed bridge over the South Branch of the Potomac today, as well as the groundbreaking for a new ten- mile segment of Corridor H, which will connect the western edge of the Moorefield Bridge to Patterson Creek Road and Forman, West Virginia.

In a new development, which could help accelerate additional funding for Corridor H, Byrd, who is the senior member of the Senate Appropriations Committee and also a member of the Senate Appropriations Subcommittee on Transportation, also had language inserted into the FY 2010 Transportation Appropriations bill which would require the Departments of Transportation and Homeland Security to examine whether Corridor H could be designated as a major evacuation route for the Washington, DC metropolitan area in the event of an all-hazards disaster.

The language Byrd included states, “The [Appropriations] Committee recognizes that the success of all-hazards mass evacuations from major metropolitan areas is dependent on safe and high-capacity highways and bridges. The Committee directs the Department of Transportation (DOT), in cooperation with the Department of Homeland Security (DHS), to assess the mass evacuation plans for the country’s most high-threat, high-density areas and identify and prioritize current deficiencies on the recommended evacuation routes that could impede evacuations if not addressed. Further, for the National Capital Region (NCR), the Committee directs the DOT and DHS, in coordination with the Office of the National Capital Region Coordination, to conduct an analysis of how national highway system projects currently under construction to the west of the NCR could increase the NCR’s evacuation capacity and provide a detailed plan to accelerate such highway projects. The Department shall submit its report to the Committee on Appropriations no later than 120 days after the enactment of this Act.”

“Addressing the transportation needs of this country has been part of my life’s work,” said Byrd. "While serving in the House of Representatives, I cast my vote in favor of establishing the Interstate Highway System back in 1958. I was serving in the Senate when the idea of creating a highway system for the 13 Appalachian states came to fruition with the passage the Appalachian Regional Development Act. As a member of the Senate Appropriation Committee, I have steered millions of dollars towards the completion of the part of the ADHS in West Virginia, and advocated for the entire system’s completion.”

West Virginia Public Accountants Association elects new officers for 2009/2010

WHEELING -- The West Virginia Public Accountants Association recently held their 61st annual meeting at Wilson Lodge, Oglebay Park, in Wheeling.

Francis Lee “Pat” Armstrong, Pineville, was elected President of the Association for the 2009/2010 year. Elected to serve as officers of the Association are Jon W. Cain, Sr., Charleston, Vice President, Laura G. Gardner, Scott Depot, Treasurer and Sandra B. Neely, Lewisburg, Secretary. Randy Lucas, Scott Depot, is the immediate Past-President.

Jeffery E. Brooks, Parkersburg, John W. Preece, Delbarton, Alice E. Riffee, Red House, and Ralph D. Williams, Rainelle, has been elected to a three year term on the Board of Directors.

Jeffery E. Brooks, Perry & Associates, of Parkersburg was honored as the West Virginia Public Accountants Association’s “Distinguished Service Award for 2007”. He was recognized for his leadership in the Association as well as his leadership in the accounting profession.

New study finds nearly 3 million American jobs supported by natural gas industry

WASHINGTON -- Nearly three million Americans work in jobs supported by the natural gas industry, providing a significant impact to the U.S. economy, according to a new study released today by IHS Global Insight.
"The Contributions of the Natural Gas Industry to the U.S. National and State Economies," the first-ever study to measure the impact of the natural gas industry on the U.S. economy separate from that of the oil industry, found that the industry contributed $385 billion to the economy in 2008 and over $180 billion in labor income alone.

In West Virginia, in 2008, according to the report, there were 5,652 direct jobs in the natural gas industry, and a total of 15,582 when indirect jobs were included. Both numbers were down from 2007 when, according to the report, there were 6,611 direct jobs and a total of 18,421 when indirect jobs were included.

The natural gas industry's contribution to the economy in West Virginia was $2,985,026,278 in 2008, according to the report.

"The influence of the natural gas industry on the economy is spread throughout the continental United States," IHS Global said in the report commissioned by America's Natural Gas Alliance (ANGA). "In 2008, more than 30 states had at least 10,000 direct, indirect, and induced jobs related to natural gas."

Key findings from the IHS Global study include:
Total Natural Gas Employment Was Nearly 3 Million in 2008: 2.8 million jobs were attributable to the natural gas industry, including more than 622,000 jobs directly in the industry, and another 2.2 million jobs that were either indirectly related or induced by the industry's economic impact.

Natural Gas has a Significant Impact on the U.S. Economy: In 2008, the total value added contribution by natural gas to the U.S. economy reached $385 billion, including $180 billion in labor income alone.

Natural Gas Jobs Increased 17% From 2006-08: Direct employment rose by more than 100,000 jobs, while total employment increased by more than 400,000 jobs.

Contributions of Natural Gas Are Spread Across the Country: All continental states have natural gas-related jobs, and more than 30 states had at least 10,000 jobs related to the natural gas industry.

In comparison, there are a total of 127,246 renewable power generation jobs in the U.S., a Global Insight report for the U.S. Conference of Mayors found (October 2008). According to the National Mining Association, the coal industry has 122,930 direct jobs and supports 555,650 jobs (February 2009 report discussing economics of mining in 2007). Finally, there are 100,000 nuclear jobs in the country, according to the Clean and Safe Energy Coalition (www.cleansafeenergy.org).

To view a full copy of the report, go to
http://www.anga.us/why-natural-gas/jobs-and-economic-success.