Transportation (Economic Development)

HB 5668 establishes the Central West Virginia Economic Development and Rural Revitalization Program to address economic challenges in eight specific counties: Webster, Clay, Braxton, Roane, Calhoun, Wirt, Lewis, and Gilmer. The bill creates a state program within the Department of Commerce that provides grants, loans, and technical assistance for projects like business development, infrastructure improvements, broadband expansion, and tourism initiatives. It also introduces a 25% tax credit for businesses making qualified investments in the region that create or retain full-time jobs. Projects must be located in the designated counties and prioritize job creation, private funding leverage, and support for economically distressed communities.

SB 131 creates a tax credit against West Virginia's severance tax for businesses that make qualifying investments in road/highway infrastructure improvements or coal production/processing facilities. It directly affects coal industry businesses and infrastructure developers in coal-producing regions by allowing them to reduce their severance tax liability. The credit covers costs for labor, materials, and real property improvements tied to certified road projects or coal facilities, with applications required through the Transportation Secretary. Unused credits can be carried forward, and the credit may be transferred to successors. This policy aims to incentivize private investment in infrastructure and coal sector capital projects.

SB 94 continues the Robert C. Byrd Corridor H Highway Authority, which serves the economic development needs of seven counties (Lewis, Upshur, Barbour, Randolph, Tucker, Grant, and Hardy) along Corridor H. The bill establishes the authority’s structure, including 21 voting members appointed by the seven counties (three per county) and five ex-officio nonvoting members from state agencies (like the Department of Highways and Economic Development). It outlines meeting rules (requiring 11 voting members for a quorum), confirms members receive expense reimbursements but no salary, and defines the authority’s duties to foster economic partnerships, develop tourism assets, and manage property to support regional growth. The authority must report annually to the Joint Committee on Government and Finance.