West Virginia Executive Summer 2019 | Page 38

strength in wood products and numerous tourism opportunities that are influenced by major drivers like The Greenbrier and the Summit Bechtel Reserve. Economic development leaders should focus on factors such as further promoting the area for tourism and attracting more manufacturing to the area. Metro Valley The Metro Valley region has seen mixed results in recent years with small declines in employment but slight increases in wages. However, the region enjoys several strengths. The urban nature of the area is an asset for economic development, espe- cially with the attractive housing possibilities throughout the region. Perhaps most importantly, the footprint of auto parts and petrochemical manufacturing in the area is a potentially major source of strength. In particular, given that the state is poised for significant growth in this sector in coming years, this petrochemical manufacturing footprint could be a major asset for the region that can be built upon by leveraging net- work effects with the existing businesses that are in the region with potentially new and related businesses. Mid-State Although most of the growth in West Virginia’s natural gas industry has occurred in counties to the north and west of the Mid-State counties, this region has benefited from the industry’s rebound over the past couple of years. Indeed, the four-county area—especially Lewis and Upshur counties—contains a healthy number of businesses that provide transportation and 36 WEST VIRGINIA EXECUTIVE engineering support services for drilling and exploration com- panies operating in the state. Pipeline construction has also provided a boost to regional economic activity as the Mountain Valley Pipeline and Atlantic Coast Pipeline (ACP) projects are being constructed within the area’s geographic footprint. The latter project does pose a downside risk to the region’s near- term expected performance, as the ACP’s construction has seen prolonged delays following a court-ordered stay of several required federal permits in late 2018 and the outcome of court appeals is uncertain at this time. The Mid-State region, like other rural portions of West Virginia, faces sizable demographic challenges going forward, most notably a shrinking workforce and overcoming the impacts of the opioid epidemic. However, the area has potential for positive—albeit moderate—growth over the longer term. In addition to leveraging the area’s potential for natural gas develop- ment and expanding its network of industry support services, the four-county region’s wealth of natural amenities points to placing an emphasis on marketing its tourism opportunities and enhancing infrastructure access, both transportation and broadband. Mid-Ohio Valley The Mid-Ohio Valley has experienced some significant economic volatility in recent years. The area has registered measurable job losses within several of its longer-established manufacturing industries and has also experienced some siz- able layoff activity within the retail trade sector, which can be