Leaders from the Department of Economic Development .
the world , making it an esteemed export destination .
While in the past the state may have been known best for its coal , it now hosts a much larger supply of items that people are becoming increasingly interested in .
The WVDED has been able to successfully connect with customers from outside the state to which they can market and sell those goods . Graney says while coal and chemicals are some of West Virginia ’ s more popular exports , the development office ’ s export assistance professionals assist in selling goods from industries and manufacturers of all different types to those customers .
Consequently , the Office of the Governor announced in 2022 that West Virginia had earned the title of the second highest export growth rate in the nation with $ 6.2 billion in exports . That number rose even higher last year to $ 7.6 billion , and more than half of those exports were unrelated to coal .
While it is a major accomplishment , this isn ’ t the only time West Virginia has risen as one of the nation ’ s top 10 . West Virginia is also first for the lowest turnover rate in manufacturing , second for the lowest workers ’ compensation rates , fifth in total energy production and 10th in best business climate . The state has seen more than $ 10 billion in investments since 2017 .
West Virginia also sees a lot of investments from international businesses : 147 international companies from 33 different countries operate within the Mountain State . Much of that success is owed to the office ’ s representatives
Business Retention and Expansion
The WVDED hosts a Business Retention and Expansion Division compiled of a skilled team with experience ranging from business processes and management to international trade relations . Its purpose is to support the growth and development of businesses in West Virginia as well as explore new avenues for expansion and success .
The team has several key focuses , including fostering the growth of businesses operating within trading clusters ; companies that possess goods or services that can be sold regionally , nationally or globally ; and companies that are struggling to find expansion opportunities . It also offers consistent support and assistance to other state and local governments with cooperation , development and leadership in its existing companies . The team provides tailored solutions to problems and helps identify opportunities for growth .
The Business Retention and Expansion team is vital for the resilience and prosperity of West Virginia ’ s economy . Not only does it help attract businesses but it gives them the support and aid to stay . This team strives to create an environment where valuable companies and hardworking employees can thrive .
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