Karen Facemyer
Polymer Alliance Zone of West Virginia
www.pazwv.org
PAZ & WV’s Plastics Industry
• Launched in 1996 by Executive
Order of the Governor
• Public Private Economic
Development O...
PAZ & WV’s Plastics Industry
• Over 75 Plastics Companies in WV
• Most Located in the Polymer
Alliance Zone
• Average Indu...
PAZ & WV’s Plastics Industry
Four Primary Types of
Manufacturing:
• Plastics Material & Resins
• Final & Intermediate
Plas...
PAZ & WV’s Plastics Industry
• Plastics 2nd Largest Export Segment in WV
• Over $1.08 Billion in Plastics Products Exporte...
Business-Friendly West Virginia
• Business Franchise Tax Will Be Eliminated By 2015
• Corporate Net Income Tax Reduced to ...
Plastics Cluster Development
• 165-Acre Polymer
Technology Park Near
Parkersburg
• Park Offers River &
Highway Access
• Ov...
Workforce Development
• Worker Training A Priority
• Host of Organizations, Colleges, Involved/Engaged
• Community College...
Workforce Development
Governor’s Guaranteed Workforce Program
• Training Awards for New or Expanding Companies
• Since Inc...
Game-Changing Opportunity
• Project ASCENT – “Appalachian Shale Cracker Enterprise”
• Ethane Cracker
• 3 Polyethylene Plan...
Game-Changing Opportunity
• Proposed $3.8 Billion Investment in Facility Construction
• $150 Million in Pipeline Developme...
Game-Changing Opportunity
• Best Part…..Projections for Downstream Development:
•$2 Billion in Additional Development
•$11...
Game-Changing Opportunity
Karen Facemyer
Polymer Alliance Zone of West Virginia
www.pazwv.org
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West Virginia has solved the plastics puzzle: Location, feedstock, and incentives

Karen Facemyer, President, Polymer Alliance Zone, Inc.
Published on: Mar 4, 2016
Published in: Small Business & Entrepreneurship      Technology      Business      
Source: www.slideshare.net


Transcripts - West Virginia has solved the plastics puzzle: Location, feedstock, and incentives

  • 1. Karen Facemyer Polymer Alliance Zone of West Virginia www.pazwv.org
  • 2. PAZ & WV’s Plastics Industry • Launched in 1996 by Executive Order of the Governor • Public Private Economic Development Organization • Mission to Promote Plastics Industries in 3 County Area • Market WV’s Plastic Industries Globally
  • 3. PAZ & WV’s Plastics Industry • Over 75 Plastics Companies in WV • Most Located in the Polymer Alliance Zone • Average Industry Wage is $54,000 per year • More than 1 ½ Times the state’s average of $37,000 •Over 7,300 Industry Employees in the “Zone” • Average Salary is $74,000/Year
  • 4. PAZ & WV’s Plastics Industry Four Primary Types of Manufacturing: • Plastics Material & Resins • Final & Intermediate Plastic/Polymer Products • Chemical Additives • Services
  • 5. PAZ & WV’s Plastics Industry • Plastics 2nd Largest Export Segment in WV • Over $1.08 Billion in Plastics Products Exported in 2013 • WV Plastics Company Average Operating Profit of 8.5 %
  • 6. Business-Friendly West Virginia • Business Franchise Tax Will Be Eliminated By 2015 • Corporate Net Income Tax Reduced to 6.5% on 1/1/14 • WV Removed $165 million of Business Tax Burden in FY 2013 • WV is one of the most taxpayer-friendly states in the union: • Kiplinger’s 2013 State-by-State Guide to Taxes
  • 7. Plastics Cluster Development • 165-Acre Polymer Technology Park Near Parkersburg • Park Offers River & Highway Access • Over 500,000 Sq. Ft. of Commercial Industrial Space In Use • New 80,000 Sq. Ft. Polymer Tech Building Available
  • 8. Workforce Development • Worker Training A Priority • Host of Organizations, Colleges, Involved/Engaged • Community College System Taking Lead • “Earn More WV” Program (www.earnmorewv.org)
  • 9. Workforce Development Governor’s Guaranteed Workforce Program • Training Awards for New or Expanding Companies • Since Inception: • Nearly $55 million awarded to employers • Nearly 200,000 workers have received training
  • 10. Game-Changing Opportunity • Project ASCENT – “Appalachian Shale Cracker Enterprise” • Ethane Cracker • 3 Polyethylene Plants • Associated Infrastructure
  • 11. Game-Changing Opportunity • Proposed $3.8 Billion Investment in Facility Construction • $150 Million in Pipeline Development • $40 Million Rail, Truck, Storage Facilities
  • 12. Game-Changing Opportunity • Best Part…..Projections for Downstream Development: •$2 Billion in Additional Development •$110 Million Annual Employee Compensation •2,000 Additional Jobs
  • 13. Game-Changing Opportunity
  • 14. Karen Facemyer Polymer Alliance Zone of West Virginia www.pazwv.org

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