Chamber News

Call to Action: Funding for Transportation, Arts, Landscapes and Historic Preservation Threatened

Federal funding that supported some of the most beautiful aspects of this region is under threat. Now it’s up to the you to ensure this drastic funding cut is not implemented. The U.S Transportation and Infrastructure Committee in the U.S House of Representatives will be meeting tomorrow, Thursday, Feb. 2. During that meeting, the transportation enhancement funding could be eliminated. The funding has been a vital economic development tool for this region. About 10 percent of funding states receive for federal transportation projects must be set aside for enhancement activities such as trails, biking and pedestrian projects, the arts and historic preservation. These funds have supported many key development projects such as trails, Capitol Market, St. Albans Streetscape, Kanawha Boulevard Riverfront Development, Washington Street Streetscape, Mary Price Ratrie Greenspace and the Point Pleasant Riverfront Murals. Rep. Tom Petri of Wisconsin plans to introduce an amendment to ensure the funding does not get cut. Please urge the West Virginia representatives on...Read More >

Charleston Chamber agenda moving forward at Legislature

The West Virginia Legislature is moving forward with Charleston Regional Chamber of Commerce approved bills, including one to provide economic incentives to businesses that locate a facility (commonly known as a “cracker”) to convert natural gas into ethylene. Last week, SB 206, (HB 4086) which provides property tax relief to companies that invest at least $2 billion towards a cracker was signed by Gov. Earl Ray Tomblin. It becomes effective on July 1. The bill provides for a 25-year tax break to crackers, and would level the playing field for West Virginia in its quest to recruit a facility. Construction of a cracker would require an estimated $2-$3 billion in capital investment and generate upwards of 2,000 construction jobs, and several hundred permanent high value jobs at the facility. It would help revitalize the state’s chemical industry and spark significant “downstream” production resulting from the ready access to ethylene. The Charleston Chamber strongly supports measures to ensure West Virginia is...Read More >