| Economic
Climate
Expressways,
historic buildings, national parklands --
thanks to
these, Mount Hope's economic outlook is terrific. As a
result of the demise of the region's coal industry, a large
workforce is available to new businesses, and varied housing
is plentiful in a variety of beautiful settings. Economic
opportunity, particularly among tourism-oriented
investments, is at an all-time high, thanks to the presence
of state and national parkland. Several local colleges and a
branch of the state university support the economic
transition. |
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| Here
among the mountains of southern West Virginia, a swiftly
re-generating economy is only beginning to move out of its
cycle of decline. Beautiful residential and forested lands
abound. Business locations are many and affordable. And
economic opportunity, particularly for tourism-oriented
investments, is at an all-time high. Larger concerns will
also find a trained workforce awaiting their arrival. |
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2000
Market Estimates
Primary Market Area - Eastern North America
Consumer Price Index - 148.2
Effective Buying Income - $493,448,000
Total Personal Income - $715,098,000
Total Retail Sales - $288,140,000
Total Household Income - $19,742
Per capita Income - $14,800
Annual Employment Avg. - 12,465
Total Annual Wage Avg. - $262,815
Annual Avg. Wage - $21,084
Weekly Avg. Wage $405.47
Business Assistance Programs
Site Development
Expansion Assistance
Small Business Credit
Commercial Loans
Direct Loans
Loan Insurance
Venture Capital
W.Va. Super Tax Credit
Corporate Headquarters Credit
Freeport Tax Amendment
Capital Company Act
Credit Against Business Franchise Taxes
For
more information on the above Businesses Assistance
Programs, call the 4-C Economic Development Authority
at 304-465-0585 or the W.Va. Small Business Development
Center at 304-442-5501.
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Economic
Highlights |
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High
Interstate Access
It's why Georgia-Pacific has opened a
plant here and tourism is the region's No.
1 industry. Interstates 64 and 77 and
Expressway U.S. 19 meet only two-miles
from here. |
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Beautiful
Business Parks
Many of Mount Hope's business are locating
in its wooded business parks. Both sites
provide clients with financial incentives
and easy expressway access outside
residential neighborhoods. |
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| Statistics
Thinking
of doing business in Mount Hope's gaining market?
Here are some hard facts you'll need to know.
Surplus Workforce
Declining mining employment has created a
surplus workforce renown for its productivity.
Workers living in Fayette County - 17,410
Workers working in Fayette County - 13,930
Workers working in other counties - 4,396
Affordable
Housing
A growing demand for homes and rentals
encroaches on the Mount Hope and Fayette County
housing markets. Property remains an
affordable-yet-profitable investment.
Population - 47,952
Male - 22,990
Female - 24,962
White - 44,697
Black - 3,017
Hispanic - 252
Asian - 252
Native - 62
Median Age - 36.2
0 to 5 - 2,491
5 to 17 - 9,595
18 to 20 - 2,358
21 to 24 - 2,288
25 to 44 - 13,445
45 to 54 - 4,647
55 to 59 - 2,274
60 to 64 - 2,665
65 to 74 - 4,690
75 to 84 - 2,739
85 and up - 760
Cost
of Living Index
Mount
Hope's cost of living compares favorably with any
American market. What's more, the services indexed
are widely available.
Composite - 69.9
Groceries - 97.2
Housing - 94.2
Utilities - 100.2
Transportation - 108.3
Miscellaneous - 94.8 |
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National
Parkland Aplenty
The wonder of the adjacent New River Gorge
National River has kindled a high-
intensity tourism economy. Inns, shops,
hotels, restaurants, cabins, campgrounds
and other small businesses are good
investments. |
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Low
Crime
West Virginia has consistently earned one of
the nation's lowest crime rates for more
than 50 years. It's a safe place to raise a
family. |
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