West Virginia Executive Summer 2019 | Page 56

grow within our state. Our tourism commissioner, Chelsea Ruby, is doing a wonderful job in making tourism blossom in West Virginia, but I think we can do better there also, so we are working on that proactively. Our Division of Natural Resources, under the leadership of Stephen McDaniel, is also doing a good job. We have wonderful state parks and forests, and I want to make sure we promote those to the best of our ability. The diversification of our economy is a huge goal, and each of the commerce agencies has a role in that transforma- tion. We have been dependent on the extraction industries for nearly 100 years, particularly coal and now natural gas. We have to make sure we diversify our economy so that a down- turn in either one of those is not crippling to our economy. Lastly, a goal I have personally is to spend more time cele­ brating the existing industries we already have in this state. We spend a lot of time trying to attract new industry, and sometimes I’m afraid we overlook those businesses that are already here that have made investments. In June I embarked on a statewide listening tour designed to find out what we can do to assist existing businesses in continuing to grow and prosper. University and Marshall University, as well as our community and technical colleges—to help us in those efforts. WVE: Because West Virginia’s regions all have unique challenges and opportunities, there is no one-size-fits-all economic solution. Given that, tell us about the struggle you face in developing and enforcing a statewide economic plan. EG: This issue is front and center for me. We cannot have the same strategy for the coal counties that we have for the Eastern Panhandle or the high-tech corridor or the Huntington area or the natural gas-producing areas of our state. The challenges are different for all those areas, so our strategy has to be regional, no question about it. I will tell you that we are not there yet, but we are working on it. A lot of the information we need for this will come from the statewide tour I began in June. Once we have the strengths, challenges, opportunities and needs of those regional areas, we will put each one of those together and then try to wrap them into a statewide plan. That will take us a few months to accomplish, but that is one of the things that desperately needs to happen. WVE: What do you see as the most successful or fastest rising industries in the state right now? EG: The automotive industry is one, and many of those are Japanese companies. We now have 21 Japanese companies doing business in West Virginia with a total investment of about $2.7 billion, employing more than 4,000 West Virginia workers. We are also seeing growth in the technology industry. We have recently announced that Infor and Intuit are coming to West Virginia. Both of those are large, world-renowned companies in the tech field. And, of course, there is the energy sector. We are seeing some growth in the coal business, especially in Gaunch meets with leadership team members at AHF Products in Beverly, WV. metallurgical coal. We have potential there Photo by WV Department of Commerce. to expand that and have coal-to-liquids operations. Then, of course, there is the petrochemical industry that’s a natural follower of the abundance WVE: What can we do to be more competitive with of wet natural gas we have here. Failure in that regard is not surrounding states? an option. We have to get this right, and I believe we are on EG: That varies by industry or segment. For example, in the the verge of a renaissance in the petrochemical industry in the tourism and leisure industry, we are actually very competitive, Kanawha River and Ohio River valleys. and we have not been selling that. We have the best incentives of any of the surrounding states and, frankly, better than most WVE: How do you plan to accomplish the goal of states in the U.S., so we need to sell that better. So, I would diversifying our economy? say we are ahead in that sector. In the technology sector, we EG: We are being intentional in our recruitment efforts. are woefully behind because we haven’t updated our incentive Some of the specific industries we are targeting where we want packages. For that reason, Michael Graney has assembled a to see growth and development are automotive, aerospace, team that includes members of the development office and knowledge and technology, tourism and leisure activities, tax and revenue office and a few legislative leaders. They biomedical, agriculture and the energy and petrochemical plan to have a package of new incentives ready to be offered sectors. Those last two almost go without saying, but we are during the next legislative session. We need to work on our still an energy state and will probably always be an energy state. tax structure and regulatory climate. Is the government too We just need to make sure those industries are all they can be, intrusive? Do we have too many obstacles? We are looking at especially when it comes to the midstream and downstream all of those every day. And once again, we need a workforce. possibilities. We are also forging strong relationships with We are collaborating with our education partners to make sure our higher education institutions—particularly West Virginia we have skilled workers available. 54 WEST VIRGINIA EXECUTIVE