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Economic
Climate
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| 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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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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