Creating TEAM-WV Corporation

HB 4001 creates TEAM-WV, a new nonprofit corporation to advance West Virginia's economic development. The bill requires the Governor to form this entity to promote job creation, retention, training, and business recruitment, with specific operational rules. Key provisions include requiring the Governor to file articles of incorporation, establishing a board of directors with appointment procedures, mandating board approval for CEO compensation and major contracts, and requiring annual strategic planning and conflict-of-interest policies. The corporation will operate under state code but must follow these defined governance structures. This is a procedural bill establishing the framework for a state economic development agency, not a direct policy affecting residents or businesses.