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West Virginia

A guide to help you understand the ins and outs of business in West Virginia

Overview

West Virginia is a Mid-Atlantic state, with its capital and largest city being Charleston. It is the 41st largest state and it has 1.79 million residents, making it the 38th most populous state. The state’s 2019 gross domestic product was $78,864,000,000.

The biggest industries for West Virginia are aerospace, agriculture, automotive, building products, chemical, defense, energy, IT, manufacturing, and metals.

In 2019, West Virginia exported $628,079 to Qatar with its top exports being:

Nuclear reactors, boilers, machinery, etc.

Plastics and articles thereof

Electrical machinery, sound/tv equipment, etc.

West Virginia’s corporate income tax is a flat rate of 6.5%. While there are only two free trade zones in the state (Charleston and Martinsburg), West Virginia offers 54 incentive programs like the West Virginia Work Remote Connect Initiative, the West Virginia Military Incentive Credit, the West Virginia Infrastructure and Jobs Development Council and the West Virginia Small Business Fund.

Resources & Links