West Virginia Industry Information FOAM Expo 2021

westvirginia.gov @wvdevo #YESWV West Virginia

Highlighted Industries

Aerospace...... 3

Automotive...... 6

Building Products...... 9

Chemical and Polymer...... 12

International Investment...... 15

#YESWV westvirginia.gov @wvdevo West Virginia Aerospace Fueled by an array of competitive advantages ... West Virginia’s aerospace industry

Availability of Raw Materials West Virginia manufacturers provide the aerospace industry access to DEVELOPMENT ASSISTANCE raw materials such as aluminum, alloys, metals and composites. Aircraft Valuation, Special Aircraft Property: All aircraft owned or leased by commercial airlines, charter carriers, private Access to Labor carriers and private companies, and any parts, materials or items used in construction maintenance or repair of aircraft which are, Just off the I-79 High Tech Corridor, the Robert C. Byrd National or are intended to become, affixed to or a part of an aircraft or of Aerospace Education Center offers an associate degree in aviation an aircraft’s engine or of any other component of an aircraft will be maintenance technology and bachelor’s degrees in aviation technology valued at the lower of “salvage value” or 5% of original costs. and aviation administration. Economic Opportunity Credit: For qualified companies that create The West Virginia University Mechanical and Aerospace Engineering at least 20 new jobs within specified time limits (10 jobs in the case program provides students with degrees through the doctorate level to of qualified small businesses) as a result of their business expansion prepare workers for careers in the aerospace industry and in government projects, the State’s Economic Opportunity Tax Credit can offset up research, as well as in military mission-oriented agencies. to 80% of the corporate net income tax and personal income tax (on HQ Aero Management Inc., located in Bridgeport, W.Va., offers the aviation flow through income only) attributable to qualified investment. If a community personnel assistance and access to skilled technicians. qualified company that creates the requisite number of jobs pays an annual median wage higher than the statewide average non-farm payroll wage ($55,800 for 2020), then the qualified company can offset Strategic Location up to 100% of the corporate net income tax and personal income tax (on flow through income only) attributable to qualified investment. For qualified businesses creating less than 20 new jobs within specified time limits, or for a qualified small business creating less than 10 new jobs, a $3,000 credit is allowed per new full-time job for five years, providing the new job pays at least $37,950 per year (for 2020) and the employee has employer­ provided health insurance benefits. The $37,950 figure is adjusted annually for cost of living. Qualified businesses include only those engaged in the activities of GE Aviation manufacturing, information processing, warehousing, non-retail goods distribution, qualified research and development, the relocation of a corporate headquarters, or destination-oriented recreation and tourism.

4 0 Manufacturing Investment Credit: A tax credit is allowed for 2 k businesses having a NAICS code prefix of 31, 32 or 33, against up to m s 60% of corporate net income tax and based on qualified investment | 250 mile in eligible manufacturing property, with no new job creation required. 8 0 Lockheed Martin 5 Manufacturing Sales Tax Exemption: Purchases of materials km Boeing | and equipment for direct use in manufacturing are exempt 50 Gulfstream #YESWV 0 miles from the 6% state sales and use tax and 1% municipal sales tax, AirBus including building materials and process equipment purchased for westvirginia.gov construction of a manufacturing facility. @wvdevo West Virginia offers a close proximity to original equipment manufacturers. Aerospace companies who said #YESWV

Premier aviation recruitment services Unmanned aircraft and composites Laminated metals Bellofram Diaphragm

and composites Custom engineered fabric reinforced NEWELL molded rubber diaphragms Frequency converters Aircraft maintenance Bellofram Silicones and repair services Silicone extrusions, rubber molded parts Ground support and fluorosilicone sheeting equipment for Aircraft maintenance military air forces Turbine engine services/ and repair services Aerospace research maintenance WHEELING Tooling and Aircraft services and repair fabrication C-Foam TRIADELPHIA

Rocket motors, fuels Aircraft engine and defense missiles Turbine engine service, repair maintenance Aircraft engine component and overhaul WESTOVER management repair and sales MORGANTOWN ROCKET CENTER FAIRMONT MRB CLARKSBURG CKB PKB Aircraft subassemblies BRIDGEPORT

Aluminum sheet and plate BUCKHANNON RAVENSWOOD

GALLIPOLIS FERRY FAA Part 141 School Hydraulic fluids

Aircraft maintenance

HUNTINGTON BARBOURSVILLE CRW ONA CHARLESTON HTS Coating services FENWICK Aerospace fasteners

FAA Part 147 School Precision metal clamps and stampings LWB De-icing systems BKW

UNION

Composite airframes Sensors and integrated systems

West Virginia Aeronautics Commission Part of the West Virginia Department of Transportation West Virginia Automotive Success driven by strategic advantages… West Virginia’s automotive industry

Incentives to Investment Strategic Location With business taxes lower than other states in the region, a competitive wage environment and abundant and low-cost utilities, West Virginia offers a profitable location for automotive component manufacturers.

The State of West Virginia provides tax credits, workforce training support, financing programs and other incentives to enhance the attraction and development of automotive manufacturing projects.

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Access to Labor 3 Education and training programs ensure a steady supply of skilled workers. West Virginia University, Marshall University and other institutions in the region offer various undergraduate and post-graduate

engineering degrees.

s The Advanced Technology Center, a program of BridgeValley Community e

l & Technical College, offers two-year degrees and customized training i

programs focused on the needs of the automotive industry. m

0 5 2 Center for Alternative |

m Fuels Engines and Emissions [CAFEE] 2 k 40 s A program of West Virginia University’s College of Engineering, CAFEE le offers testing and certification services for the automotive industry. Also, i m the faculty and staff conduct research for the automotive industry in 00 various fields including emissions reduction and engine diagnostics. 5 | m 805 k

West Virginia offers a close proximity to assembly plants in the U.S. and Canada.

#YESWV westvirginia.gov @wvdevo Automotive companies who said #YESWV

Trunk carpeting, trim FOLLANSBEE

Vehicle display glass

Assembly of Class 6-7, specialized trucks Aluminum sheet

Parts warehouse

MARTINSBURG FAIRMONT KEARNEYSVILLE

CLARKSBURG Precision metal stamping, injection molding MINERAL WELLS HARRISVILLE Ignition coils

Engines, transmissions, gears RAVENSWOOD SPENCER Parts distribution

FRAZIERS BUFFALO Foam components Parts distribution Automotive thermostats BOTTOM SISSONVILLE ELEANOR POCA HUNTINGTON Truck brake cams CEREDO CHARLESTON SOUTH CHARLESTON PRICHARD Spark plugs, oxygen sensors Rubber and plastic foam products

Parts distribution

Gaskets, seals

Stamped automotive parts

Fluid ltration systems

Hydraulic uid power pumps West Virginia Building Products Constructing a solid foundation for success… West Virginia’s building products industry

Access to labor DEVELOPMENT ASSISTANCE West Virginia workers boast the lowest manufacturing turnover rate in the nation, and are below average in all other workforce categories (BLS Economic Opportunity Credit: For qualified companies that Industry Report, 2020). Diverse & technical skillsets are covered through create at least 20 new jobs within specified time limits (10 jobs in West Virginia Community and Technical College System with programs like: the case of qualified small businesses) as a result of their business expansion projects, the State’s Economic Opportunity Tax Credit Advanced manufacturing & manufacturing technology • can offset up to 80% of the corporate net income tax and personal • Industrial technology income tax (on flow through income only) attributable to qualified • Process technology investment. If a qualified company that creates the requisite number of jobs pays an annual median wage higher than the statewide • Machinist technology average non-farm payroll wage, then the qualified company can • Industrial maintenance technology offset up to 100% of the corporate net income tax and personal Marshall University offers programs like civil engineering and mechanical income tax (on flow through income only) attributable to engineering. West Virginia University offers programs like wood sciences qualified investment. & technology, industrial engineering and civil engineering. Additionally, For qualified businesses creating less than 20 new jobs within there are many advanced manufacturing technology centers in the specified time limits, or for a qualified small business creating less state that provide hands-on experience & training, like Pierpont and than 10 new jobs, a $3,000 credit is allowed per new full-time job for BridgeValley technical colleges, Robert C. Byrd Institute, and the five years, providing the new job pays at least $35,700 per year and West Virginia Wood Technology Center. the employee has employer provided health insurance benefits. The $35,700 figure is adjusted annually for cost of living.

Availability of raw materials Qualified businesses include only those engaged in the activities West Virginia manufacturers provide the building products industry of manufacturing, information processing, warehousing, non- access to raw materials such as hardwoods, coal, limestone, and metals. retail goods distribution, qualified research and development, the relocation of a corporate headquarters, or destination-oriented recreation and tourism.

Strategic location Manufacturing Investment Credit: A tax credit is allowed against West Virginia offers a close proximity to… up to 60% of corporate net income tax and based on qualified investment in eligible manufacturing property, with no new job The Mountain State is within a day’s drive of 50% of the U.S. population • creation required. and a third of the Canadian market. Our location gives businesses strategic access to major metropolitan centers without the big city Manufacturing Sales Tax Exemption: Purchases of materials costs and inconveniences. Washington, D.C., New York City, Baltimore, and equipment for direct use in manufacturing are exempt Pittsburgh, Charlotte, Raleigh, Columbus, Chicago, Lexington and from the 6% state sales and use tax and 1% municipal sales tax, Atlanta are all just a short distance away. including building materials and process equipment purchased for • Forest products — third most forested state in the nation construction of a manufacturing facility. #YESWV westvirginia.gov @wvdevo Building Product companies who said #YESWV

McDermott Woodwork

FOLLANSBEE

MOUNDSVILLE

BRUCETON MILLS MARTINSBURG FAIRMONT INWOOD KEARNEYSVILLE CLARKSBURG PARKERSBURG CAPON BRIDGE RANSON ELLENBORO PARSONS WARDENSVILLE MOOREFIELD BUCKHANNON ELKINS MILLWOOD RIPLEY BEVERLY HEATERS FRAMETOWN FRAZIERS BOTTOM ELEANOR LESAGE

CRAIGSVILLE Quality Woods

LEWISBURG

RONCEVERTE

PRINCETON West Virginia Chemical/ Polymer Attracting multinational companies to shape a better future… West Virginia’s chemical/polymer industry

Infrastructure and Supplies Natural Gas Resources While many advantages that attracted multinational companies are still present, structural shifts have made West Virginia even more competitive as a global chemical and polymer hub.

Active chemical industrial parks throughout the state offer access to shared services and colocation at sites with significant infrastructure and existing permits.

West Virginia is located within the Appalachia Basin, which produces essential feedstock for the chemical and polymer industries. Combined with the concentration of existing chemical plants, West Virginia provides Utica your company with access to reliable supplies from a variety of sources. Shale

Incentives to Investment The West Virginia Department of Economic Development works hard to make the process of locating in West Virginia smooth and seamless. Our team works with businesses to locate a new site, expand facilities, export Marcellus goods, train employees and more. Shale • Site selection support Rogersville • Tax credits Shale • Low interest loans Employee recruitment and training • In 2019, West Virginia was the sixth-largest natural gas-producing state in the • Strong transportation infrastructure United States, with an output of 1.9 trillion cubic feet.

Resources Abound Industry Leaders West Virginia has a long history with the chemical industry. • Abundant water supply and gas reserves • Skilled workforce • Strong higher education and community and technical college system • Partners such as Chemical Alliance Zone and Polymer Alliance Zone collaborate to advance the chemical industry in West Virginia #YESWV westvirginia.gov @wvdevo Chemical/polymer companies who said #YESWV

NEWELL CHESTER

NEW CUMBERLAND

WELLSBURG

TRIADELPHIA

NEW MARTINSVILLE

MORGANTOWN FRIENDLY MARTINSBURG ALBRIGHT KEYSER GRAFTON WILLOW ISLAND CLARKSBURG INWOOD WASHINGTON

MINERAL WELLS PHILIPPI JANE LEW PETERSBURG

POINT PLEASANT RAVENSWOOD MILLWOOD GALLIPOLIS FERRY SPENCER APPLE GROVE

SCOTT DEPOT HUNTINGTON NITRO INSTITUTE KENOVA CEREDO MILTON SOUTH CHARLESTON BELLE PRICHARD

BEAVER

(Dalian HYX TDE, Ltd.) AC&S INCORPORATED

Catalyst Refiners, Inc.

Altivia Institute Industrial Park International Investment in West Virginia 135 companies, 32 countries, 30,000 jobs International investment in West Virginia

AUSTRALIA FRANCE JAPAN • ALS Environmental • Axens • Diamond Electric Mfg. • CFoam • Constellium • Feroleto Steel Co., Inc. • Incitec Pivot Ltd./Dyno Nobel • Idemia • Green Metals • Minova • Pernod Ricard/Smooth Ambler • Hino Motors • Worley • Teleperformance USA • Itochu/Century Mining • Saint-Gobain/CertainTeed • Kuraray AUSTRIA • Saint-Gobain/Corhart • Kureha PGA • ANDRITZ Separation Inc. • Sonepar/Hagemeyer NA • K.S. of West Virginia • Virginia Crews Coal Co. • Veolia Environmental Services • Meiji Corp • Mitsubishi Chemical/Matheson BELGIUM GERMANY • Mitsubishi Chemical/ • Proviron Industries • Allnex Lucite International • Armacell • Mitsubishi Heavy Industries/ BRAZIL • Baum America Corp. MHI RJ Aviation • Braskem SA • Covestro • NGK Spark Plug Mfg. • Gerdau Ameristeel • Becker Mining Systems • Nippon Thermostat • Pilgrim’s Pride • Brenntag Mid-South • Nippon Tungsten USA • Fasloc • Okaya CANADA • Fontaine Engineering • Okuno International • Bidell Gas Compression • FLYTEG North America LLC • Sanko Denki • Brookfield Power • Fuchs Lubricants • Teikoku USA/Chempump • Chrome Deposit • Klöckner-Pentaplast • Toyota Motor Mfg. • Cobalt Coal • Knauf Insulation • Toyota Tsusho • Hercules, Inc. • Marco North America • Wheeling-Nippon Steel • HQ Aero Management • Mato • Irving Crane • Prebena N. American Fastener Co. LUXEMBOURG SWITZERLAND • Kent Cartridge of America • Schauenburg Flexadux • Ardagh Group • Alcon Leveltek Corporation • EuropTec USA • MEXICO Oerlikon Metco • MAAX • Siemens Medical • • Grupo Bimbo SGS • Mott Manufacturing • Seebach • • Mustang Survival • Seetech • Sulzer Pumps/Sturm Stockmeier Urethanes Inc. NETHERLANDS • Resolver • • Ahold Delhaize TC Energy • Tiefenbach TAIWAN • • Shell/East Resources, Inc. APG Polytech • Trimac • ThyssenKrupp Elevator • ThyssenKrupp Safway • Western Inventory • NEW ZEALAND UKRAINE • Reynolds Group Holdings/Pactiv • Felman Production CHINA HONG KONG • Metinvest/Carter Roag Coal • Dalian/Clearon • Nine Dragons POLAND • Metinvest/United Coal • GT Global/The Daniels Co. • Bandi Laboratories INDIA UNITED KINGDOM COLOMBIA • Novelis PORTUGAL • AFAC • Cementos Argos SA • Logoplaste • Alamo Energy Corp. ISRAEL • Caledonian Alloys DENMARK • ICL/IP RUSSIA Elementis Specialties Mountain State Carbon • • FL Smidth • • Ferguson • Rockwool IRELAND Ferroglobe SOUTH AFRICA • • CRH/Oldcastle LefargeHolcim/Aggregate Industries • Mondi • FINLAND • Eaton Corp. • ProLogic • Harvia/Almost Heaven Saunas Randox Laboratories SOUTH KOREA • ITALY KCC/Momentive • Thistle Processing Eni USA • • • POSCO/Century Mining • Williams Lea Tag • Entsorga • IMI Fabi SPAIN URUGUAY • Pietro Fiorentini USA • FerroAtlantica • Oktana • Seneca Rubber • Gestamp • Sogefi USA • Maxam North America • Tecnocap LLC • TeMa 1900 Kanawha Boulevard East • Building 3, Suite 600 • Charleston, WV 25305 800-982-3386 • 304-558-2234 • westvirginia.gov • @wvdevo #YESWV