GROW WHERE THE INDUSTRY THRIVES
Offering an exceptional economic environment for businesses in the hardwood and forest products industry, West Virginia is the place to grow your business. With a thriving manufacturing base, competitive costs of doing business, and significant industry impact, the WVHAZ region is an ideal location for companies looking to grow and succeed.
FOREST PRODUCTS INDUSTRY: A DRIVING FORCE
The hardwood industry is deeply rooted in West Virginia’s economy, supported by generations of skilled loggers and woodworkers. In 2020, the Forest Products Industry (FPI) within the WVHAZ region contributed:
These figures highlight the robust economic role the hardwood sector plays in the region.
A COMPETITIVE BUSINESS ENVIRONMENT
West Virginia’s business-friendly policies and cost advantages make the WVHAZ an attractive option for investment:
Cost Efficiency:
- The cost of living is 12% lower than the national average.
- Electricity rates are below the national average, providing significant savings for manufacturers.
Tax Advantages:
- No business franchise tax.
- Corporate tax rate of 6.5%, ranked 23rd nationally.
- State sales tax of 6%.
- Personal income tax ranges from 2.36% to 5.12%
- WV does not have an estate or inheritance tax.
- Overall Rank: 23rd on the 2025 State Tax Competitiveness Index (Tax Foundation, 2022).
- No new business taxes in the last 20 years
WHY CHOOSE THE WVHAZ?
Pro-Business Policies:
The WVHAZ region is a Right-to-Work state, promoting business flexibility and growth.
Skilled Workforce:
Access to trained professionals with deep expertise in the forest products industry.
Infanstructure for Success:
Modern facilities and resources that cater to the unique needs of hardwood manufacturers.
Ripple Effect:
For every direct job in the forest products industry, 1.37 additional jobs are supported in the regional economy.
A REGION BUILT FOR BUSINESS GROWTH
The WV Hardwood Alliance Zone combines a thriving industry, competitive costs, and a supportive business environment to create the perfect location for hardwood manufacturers. Whether your business specializes in primary processing, advanced wood products, or related industries, the WVHAZ provides the resources and advantages needed to grow and succeed.