Macy’s, Inc. to build fulfillment center in Berkeley County
Retail giant Macy’s, Inc. plans to build a new 1.3 million-square-foot fulfillment center in Martinsburg. The fulfillment center will support Macy’s growing online business. When fully operational, the new facility is expected to create 1,200 full and part-time jobs and 700 temporary seasonal jobs. Construction is scheduled to get underway in spring 2011. The fulfillment center is expected to begin operations in April 2012 and start shipping orders in summer 2012.
West Virginia is hot spot of geothermal energy potential
New research by Southern Methodist University’s Geothermal Laboratory suggests that unexpectedly high temperatures beneath West Virginia could support geothermal energy production. Geothermal energy uses the Earth’s heat to produce heat and electricity. The finding indicates that West Virginia potentially holds the highest grade geothermal resources east of the Mississippi River. The research was funded by a grant from Google.org. The West Virginia discovery is the result of new detailed mapping and interpretation of temperature data derived from oil, gas, and thermal gradient wells, part of an ongoing project to update the Geothermal Map of North America. A detailed map is available on http://www.wvcommerce.org/news.
New work force training center opens in Raleigh County
The New River Community and Technical College recently held a dedication ceremony for its Education and Technology Training Center in Ghent. The 93,000-square-foot facility is part of the school’s approach to partnering with regional and statewide businesses to offer workshops, courses and programs tailored to meet specific employer needs. The New River Education and Training Center will focus on training in key industry segments. They are: mining and energy: weatherization; hospitality and leisure; green buildings systems; manufacturing; line service mechanic; HVAC; CDL; heavy equipment operator; welding; and pipe welding.
Armstrong breaks ground for $35 million plant in Jackson County
State and business executives joined Armstrong World Industries for the groundbreaking of its new 30,000-square-foot plant in Millwood. An investment of $35 million, the plant will produce mineral wool fiber used in acoustic ceiling tile products. The manufacturing plant will be located in the Jackson County Maritime and Industrial Centre, formerly owned by Century Aluminum. The West Virginia Development Office helped provide low-interest financing for the project. The U.S. Department of Commerce Economic Development Administration provided a $2.1 million grant to improve site infrastructure. The plant construction is scheduled for completion by September 2011.
Harrison County industrial park lands airport hanger as first tenant
The new industrial park being developed by the North Central West Virginia Airport in Bridgeport has landed its first tenant: a 20,000-square-foot hanger facility. Construction is scheduled to begin in October and reach completion by the end of this year. The hanger will store Aurora Flight Sciences of West Virginia composite tooling equipment and structures used for Global Hawk aircraft. A runway-accessible ramp will also be built for use by future industrial park tenants. The Mid-Atlantic Aerospace Complex — a technology, business and aerospace nonprofit — received a special purpose grant for the project from the U.S. Housing and Urban Development, along with funds from the West Virginia Economic Development Authority and the Harrison County Economic Alliance Corporation.
Forbes ranks Morgantown in top 10 for Best Small Cities for Business and Careers
Ranked among 184 other towns, Morgantown took the 10 spot on the Forbes 2010 list of “Best Small Cities for Business and Careers.” Selection factors included projected economic growth, costs of living and business, educational attainment and quality of life.
WVU part of $40 million fed grant to research carbon capture
During a recent visit to West Virginia, U.S. Energy Secretary Steven Chu announced the federal government will invest up to $40 million to research how carbon dioxide (CO2) from power plant emissions can be captured and stored underground. West Virginia University is part of a group of government labs, businesses and colleges included in the research grant. The Recovery Act invested $4.3 billion in Carbon Capture and Sequestration (CCS), including $334 million to expand a key test project at the American Electric Power (AEP) Mountaineer Plant in Mason County.
West Virginia Special Aircraft Property Valuation Act
The Special Aircraft Property Valuation Act dramatically reduces the assessed value of business aircraft subject to the West Virginia property tax by as much as 95 percent. Effective for property tax assessment years beginning July 1, 2009, the new rate applies to airplanes and helicopters owned or leased by commercial airlines, charter carriers, private carriers and private companies.
The world’s first project to both capture and store carbon dioxide (CO2) from a coal-fired power plant has been successfully demonstrated at the American Electric Power (AEP) Mountaineer plant in New Haven, Mason County, W.Va.
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