WV EDGE Business Report | February 2015

Published Wednesday, February 11, 2015 @ 12:15 PM by Andrew.C.King@wv.gov (Andrew King)

FOR IMMEDIATE RELEASE
Feb. 11, 2015

CONTACT:
Chris Stadelman, 304-558-4977
Catherine Zacchi, 304-957-9340

Governor Tomblin Releases February Edge Business Report

CHARLESTON, W.Va. - Gov. Earl Ray Tomblin today released the West Virginia Edge Business Report, highlighting the state’s economic progress. The February 2015 report features projects and announcements from businesses, both large and small, that play a critical role in the Mountain State’s continued economic growth.

Governor Tomblin announces Procter & Gamble to build major plant in Eastern Panhandle
Global manufacturing leader to build manufacturing facility in Berkeley County

Governor Tomblin announces Procter & Gamble to build major plant in Eastern Panhandle
Gov. Earl Ray Tomblin (center) is joined by state and company dignitaries to announce that Procter & Gamble will build a $500 million plant in West Virginia
Gov. Earl Ray Tomblin announced global consumer products giant Procter & Gamble (P&G) will build a new manufacturing plant in Berkeley County. The new facility is just the second manufacturing location that P&G has built in the United States since 1971 and represents an investment of approximately $500 million.

“Over the past 14 months, we’ve been working hand-in-hand with the team at Procter & Gamble to bring this type of investment to the Mountain State,” Gov. Tomblin said. “For years, we’ve worked to create a business climate that makes West Virginia a national and global competitor for new investments, and companies around the world are noticing the changes we’ve made. We are showing these major corporations that West Virginia is a good place to do business and the right place to make an investment.”

The facility, to be located just south of Martinsburg in the Eastern Panhandle, will occupy more than one million square feet. During the construction phase, approximately 1,000 workers will be employed. Company officials expect more than 700 permanent employees will staff the plant when it opens its doors in 2017. The project is one of the largest in the state’s history.

“Today, Procter & Gamble joins nationally and internationally recognized companies like Toyota, Quad Graphics, Gestamp, Pietro Fiorentini and Southwestern Energy who already call West Virginia home,” Gov. Tomblin said. “We look forward to continuing these partnerships that will provide quality career opportunities and good paying jobs for hardworking West Virginians now and for years to come.”

The new, multi-category manufacturing plant is part of a redesign of P&G’s North American supply network. The West Virginia location positions P&G to utilize its new distribution center network in the eastern part of the United States, which includes facilities in Georgia, Ohio and Pennsylvania.

“This will enable us to rapidly and efficiently serve retail customers and consumers throughout the eastern half of the United States, reaching 80% of them within one-day transit,” said Yannis Skoufalos, P&G’s Global Product Supply Officer. “We look forward to working with our new partners in West Virginia, as well as being a good corporate citizen in the region for many years to come. I would like to thank the local officials in Berkeley County as well as the West Virginia state officials, especially Governor Tomblin, who made this project a reality,” continued Skoufalos.

The new manufacturing facility will be P&G’s 30th plant in the United States, and P&G has operations in approximately 70 countries. P&G brands are used by nearly five billion of the more than seven billion people on the planet.


Three credit rating agencies reaffirm positive ratings for West Virginia bonds
West Virginia bonds have recently received positive ratings from Fitch Ratings, Standard & Poor’s Rating Service and Moody’s Investor Service.

“We are credited for being one of the most fiscally responsible states in the nation,” said Gov. Earl Ray Tomblin. “Our bond ratings were recently reaffirmed – a move that saves taxpayers hundreds of millions of dollars when building schools, roads and making long-term investments to improve our infrastructure.”

Fitch assigned an AA+ rating to West Virginia’s general obligation (GO) infrastructure refunding bonds. In addition, Fitch affirms the ratings of AA+ for $460.4 million outstanding GO bonds and AA for $400.2 million outstanding appropriation-backed debt of the Economic Development and School Building authorities. Fitch cited factors such as manageable debt, sizable reserves and “well-managed financial operations” that take into account a balance of expenditure solutions and limited use of Rainy Day Funds.

Standard & Poor’s reaffirmed its ratings on three categories of bonds: AA rating on the state’s GO debt; AA- rating on bonds related to legislative appropriation; and A on outstanding debt issues by the state Water Development Authority. The credit rating service also gave an AA rating to two new sets of infrastructure bonds being issued by West Virginia in 2015.

Moody’s assigned an Aa1 rating to $71.4 million Infrastructure General Obligation Refunding Bonds 2015 Series A and B. The investors service company reported that the rating reflects “the state’s ongoing trend of fiscal conservatism and disciplined financial management evidenced by consistently strong reserve fund balances for almost a decade.”


New midstream oil and gas industry supplier opens warehouse in Harrison County
New midstream oil and gas industry supplier opens warehouse in Harrison County
Photo courtesy Mid-States Supply Mid-States Supply Manager Ron Asbury inspects a valve from the large inventory housed in the new Clarksburg distribution/warehouse facility.
A supplier of pipe, valves and fittings for the midstream oil and gas industry, Mid-States Supply recently opened a distribution/warehouse in Clarksburg. Mid-States began operating from a temporary facility in Weston in 2014. The new structure has 20,000 square feet of warehouse space, 4,000 square feet of office space and six acres of pipe yard. Currently the center employs 12 workers. The corporate parent Mid-States operates more than 30 centers across the country. The Clarksburg facility is the company’s only operation in West Virginia.


Marion County technology company releases new facial recognition technology
Tygart Technology Inc. announced its new MXSERVER technology. The cloud-based facial recognition system processes huge amounts of video and photo material and turns them into searchable resources. MXSERVER automatically finds, extracts and matches faces with “persons of interest.” The MXSERVER v2.7 improves processing, security and function such as faster, more reliable face searches. The analytics technology lets agencies search thousands of hours of video footage and millions of photographs in a big data collection in minutes. Tygart Technology, based in Fairmont, provides enterprise-grade video and photographic analysis and biometric recognition systems for law enforcement, U.S. military and intelligence communities.

Marion County technology company releases new facial recognition technology
Photo courtesy Tygart Technology


Concert Technologies opens new call center in Berkeley County
Concert Technologies announced the opening of its new facility in Martinsburg. The company is transferring operations from a previous location in West Virginia to the new Project Management Call Center in downtown Martinsburg. The center will employ 48 workers and support the company’s nationwide and international technology rollout operations. Concert Technologies is a privately-held technology rollout company based in Dulles, Virginia. The company provides, manages and supports a worldwide field force of local onsite technicians to deploy technology infrastructure on a nationwide and global scale.

Concert Technologies President and CEO Dennis Mazaris describes why the company chose Martinsburg in a YouTube video.


WVDO International partners with businesses to expand world trade connections in 2015
The West Virginia Development Office International Division launched an eventful
WVDO International partners with businesses to expand world trade connections in 2015
WVDO International & WV businesses at NAHB show, Las Vegas. Doug Parsons explains Appalachian Log to visitors.
calendar of export promotion for 2015. In January, the International Division sponsored a trade show display featuring five West Virginia companies at the National Association of Home Builders (NAHB) International Builders’ Show. Participating in the NAHB show were Multicoat Corporation, construction coatings; Terramite, compact tractor loader backhoes; Appalachian Log Structures, log home building components; Ezebreak, a suite of rock–breaking equipment; and Mountain Craft Wide Plank, wide-plank flooring.

The NAHB exhibition in Las Vegas marks the state International Division’s first world trade development show on U.S. soil.

The International Division is currently recruiting for or in the planning stages for a series of shows and missions abroad in 2015. As part of its services, the West Virginia International Division can assist businesses with prearranged meetings with qualified prospective clients, agents, distributors and other contacts in their markets

Upcoming events include:
  • Canadian Institute of Mining Expo, May 9 – 13, Montreal, Canada
  • Trade Mission, June. Poland and Hungary. Open to all West Virginia industries
  • Trade Winds Business Development Conference and Trade Mission, September. South Africa
  • Coal and Mining Expo, October. China
  • Trade Mission, November, Japan
Check the website worldtradewv.org for updates or contact the West Virginia Development Office at 304-558-2234.


Governor Tomblin presents 14 communities with Small Cities Block Grants
Funding supports more than $12.3 million in local projects

Gov. Earl Ray Tomblin presented more than $12.3 million in Small Cities Block Grant funds for 14 critical infrastructure projects for communities across West Virginia. In total, more than $27 million in other federal, state and local funding will support public infrastructure projects for more than 7,300 West Virginia households and improve reliability statewide.

Governor Tomblin presents 14 communities with Small Cities Block Grants
Gov. Tomblin presented Small Cities Block Grants to 14 communities for infrastructure projects, including the Wetzel County Commission’s water service project.
“Investing in our state’s infrastructure is critical to our continued economic growth and the continued wellbeing of those who call our state home,” Gov. Tomblin said. “Economic development follows water and sewer projects like those supported by the Small Cities Block Grant program, and these grants provide a foundation for future developments in our communities and ensure the Mountain State is an even greater place to call home.”

Small Cities Block Grant funding is provided by the U.S. Department of Housing and Urban Development. The Community Development Division of the West Virginia Development Office manages the administration of these funds.

Town of Burnsville (Braxton County)
$1,325,000
This $4.1 million project will extend water service to 68 households along Route 5 and Orlando Road in Braxton County, which currently rely on private wells that provide poor quality water.

Clay County Commission
$1,325,000
This $2.96 million project will provide safe and reliable water service to 136 households along Pack Fork Road and Independence Road off Route 16 in Clay County, where residents rely on poor quality wells.

Town of Harman (Randolph County)
$180,774
This $4 million project will be used to improve the Town of Harman’s water treatment plant and extend water service in Harman along Route 32 to include Pennington Road and Bonner Mountain Road, serving approximately 200 households - many of whom have individual wells with poor quality and quantity.

Lewis County Commission
$250,000
This $3.6 million project will enable the Lewis County Commission to extend water service to 96 households in the Churchville and Sugar Camp area, including Laurel Run, Mare Run, Limestone Run and Murphy Creek areas in the Northwest Lewis Water Extension. This area is currently served by individual wells, many of which have low quantity and quality.

Logan County Commission
$200,000
This $4.95 million project will enable the Logan County Public Service District to extend water service to approximately 195 households in the communities of Big Harts Creek, Smokehouse Road, White Oak Branch and surrounding areas of Logan County. This area currently does not have a reliable source of water, and private wells prove unreliable in terms of both quality and quantity.

Town of Marlinton (Pocahontas County)
$500,000
This $4.35 million project will enable the Town of Marlinton to upgrade its existing water treatment plant and water storage system. The project will also enable the town to replace three water storage tanks; update booster stations, install telemetry to the plant, tanks and boosters; and complete related upgrades throughout the system to ensure its long-term viability.

Mercer County Commission
$250,000
This $5.1 million project will enable the Oakvale Road Public Service District to extend water service to approximately 150 households in the Elgood area, including the communities of Elgood, Twin Oaks and Christians Ridge in eastern Mercer County. The project will include the installation of new water lines, booster stations, water storage tank and related improvements needed to provide safe drinking water to area residents.

Pendleton County Commission
$1,500,000
This $2.85 million project will enable the Pendleton County Public Service District to extend water service to 134 households in the Seneca area, to be served by the Riverton water system. Residents of this area currently rely on wells and cisterns that run dry in summer months and produce poor quality water.

City of Piedmont (Mineral County)
$700,000
This $700,000 project will enable the City of Piedmont to upgrade its water treatment plant. The project will address a deteriorated booster pump building and improve plant performance. These improvements are expected to extend the life of the antiquated facility for decades.

Town of Pine Grove (Wetzel County)
$1,500,000
This $1.5 million project will enable the Town of Pine Grove to improve its sewage collection system with the installation of a gravity system, pumps and force mains. The project will replace the existing vacuum system, which is plagued by failure causing backup into residential basements.

Town of Rowlesburg (Preston County)
$1,500,000
This $4.5 million project will enable the Town of Rowlesburg to extend water service to approximately 100 households in the Etam and Macomber areas of Preston County. The project will include the installation of water lines, fire hydrants, meters, a water booster station, and one 100,000-gallon water storage tank, and other improvements needed to provide safe and reliable drinking water to area residents.

Tucker County Commission
$250,000
This $5.7 million project will upgrade the existing Hamrick Public Service District water treatment plant, improve the existing distribution system and provide water service along Location Road. The project will include the refurbishment and replacement of existing water lines, tanks, valves, hydrants and telemetry to ensure the longevity of the existing water treatment plant.

Wetzel County Commission
$1,325,000
This $1.5 million project will enable the Hundred Littleton Public Service District to provide water service to 81 households along Route 250 and Route 7 in the areas of Rush Run, Cottonwood, Burton and Pogue Run areas of Wetzel County. Many residents in the area rely on private wells and cisterns that provide poor water quality and low quantity throughout the year.

Wyoming County Commission
$1,500,000
This $2.27 million project will enable the Eastern Wyoming Public Service District to upgrade and replace a failing water system serving approximately 170 households and customers in the Bud and Alpoca areas of Wyoming County. The project will include the installation of new water lines and hydrants to serve an area which has been plagued by a deteriorating system.

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Governor Tomblin announces Procter & Gamble to build major plant in Eastern Panhandle

Three credit rating agencies reaffirm positive ratings for West Virginia bonds

New midstream oil and gas industry supplier opens warehouse in Harrison County

Marion County technology company releases new facial recognition technology

Concert Technologies opens new call center in Berkeley County

WVDO International partners with businesses to expand world trade connections in 2015

Governor Tomblin presents 14 communities with Small Cities Block Grants

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