Your SlideShare is downloading. ×
0
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
West Virginia has solved the plastics puzzle:  Location, feedstock, and incentives
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

West Virginia has solved the plastics puzzle: Location, feedstock, and incentives

128

Published on

Karen Facemyer, President, Polymer Alliance Zone, Inc.

Karen Facemyer, President, Polymer Alliance Zone, Inc.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
128
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Karen Facemyer Polymer Alliance Zone of West Virginia www.pazwv.org
  • 2. PAZ & WV’s Plastics Industry • Launched in 1996 by Executive Order of the Governor • Public Private Economic Development Organization • Mission to Promote Plastics Industries in 3 County Area • Market WV’s Plastic Industries Globally
  • 3. PAZ & WV’s Plastics Industry • Over 75 Plastics Companies in WV • Most Located in the Polymer Alliance Zone • Average Industry Wage is $54,000 per year • More than 1 ½ Times the state’s average of $37,000 •Over 7,300 Industry Employees in the “Zone” • Average Salary is $74,000/Year
  • 4. PAZ & WV’s Plastics Industry Four Primary Types of Manufacturing: • Plastics Material & Resins • Final & Intermediate Plastic/Polymer Products • Chemical Additives • Services
  • 5. PAZ & WV’s Plastics Industry • Plastics 2nd Largest Export Segment in WV • Over $1.08 Billion in Plastics Products Exported in 2013 • WV Plastics Company Average Operating Profit of 8.5 %
  • 6. Business-Friendly West Virginia • Business Franchise Tax Will Be Eliminated By 2015 • Corporate Net Income Tax Reduced to 6.5% on 1/1/14 • WV Removed $165 million of Business Tax Burden in FY 2013 • WV is one of the most taxpayer-friendly states in the union: • Kiplinger’s 2013 State-by-State Guide to Taxes
  • 7. Plastics Cluster Development • 165-Acre Polymer Technology Park Near Parkersburg • Park Offers River & Highway Access • Over 500,000 Sq. Ft. of Commercial Industrial Space In Use • New 80,000 Sq. Ft. Polymer Tech Building Available
  • 8. Workforce Development • Worker Training A Priority • Host of Organizations, Colleges, Involved/Engaged • Community College System Taking Lead • “Earn More WV” Program (www.earnmorewv.org)
  • 9. Workforce Development Governor’s Guaranteed Workforce Program • Training Awards for New or Expanding Companies • Since Inception: • Nearly $55 million awarded to employers • Nearly 200,000 workers have received training
  • 10. Game-Changing Opportunity • Project ASCENT – “Appalachian Shale Cracker Enterprise” • Ethane Cracker • 3 Polyethylene Plants • Associated Infrastructure
  • 11. Game-Changing Opportunity • Proposed $3.8 Billion Investment in Facility Construction • $150 Million in Pipeline Development • $40 Million Rail, Truck, Storage Facilities
  • 12. Game-Changing Opportunity • Best Part…..Projections for Downstream Development: •$2 Billion in Additional Development •$110 Million Annual Employee Compensation •2,000 Additional Jobs
  • 13. Game-Changing Opportunity
  • 14. Karen Facemyer Polymer Alliance Zone of West Virginia www.pazwv.org

×