Welcome to the daily304 – your window into Wonderful, Almost Heaven, West Virginia.
Today is Sunday, April 21, 2024.
The WV Economic Development Authority shares some of its success stories. Maxxim Manufacturing hires displaced workers. WVEDA financing boosts new and expanding businesses. And the aluminum industry is rolling with help from the WVEDA…on today’s daily304.
#1 – From WVEDA – When the manufacturing plant across the street from Shannon Remines closed down, Remines, VP of Manufacturing for Maxxim Manufacturing, worked out a deal with the West Virginia Economic Development Authority and was able to hire 44 displaced workers on the spot.
In 2003, they started with a small gear shop and, since then, have expanded the size and scope of their work in Brushfork, West Virginia. Among other things, they have a welding shop, a mechanical division doing gearbox repairs, and they do complete equipment rebuilds.
“They were there at every turn,”Remines said of the WVEDA. “They can see the return on investment, and they can see the job growth… Going from five jobs to 100 jobs, and I gotta say the Economic Development Authority played a huge part in financing and allowing me to do that.”
Read more:
https://eda.wv.gov/maxxim-manufacturing/
#2 – From WVEDA – At the core of the West Virginia Economic Development Authority’s mission lies a profound commitment to bolstering the state’s economy.
The 2023 Equipment Financing Program allows the WVEDA to provide existing small businesses within the state with funds for business development and expansion to industrial development agencies.
Through this program, WV Great Barrel Company, Appalachian Stave West Virginia, Mister B Snacks, Medley Fork Properties and so many more companies have elected to say #YesWV.
There’s a small business revolution happening within West Virginia. All over the state, entrepreneurs are serving both their local communities and people worldwide. And there’s an ecosystem of entrepreneurial activity that is growing daily.
Read more:
https://eda.wv.gov/the-2023-equipment-financing-program-supports-business-retention-efforts-statewide/
#3 – From WVEDA – Skana Aluminum’s re-rolling mill in Clarksburg is allowing the company to access customers all over the East Coast. The company has worked with the WVEDA from the very beginning and the partnership played a big part in keeping the facility open over the years.
In fact, with equipment and facility upgrades through WVEDA financing, Skana Aluminum has gone from 35 to 64 employees and more than doubled its production capacity.
Chairman and CEO Tom Testwuide, says that the WVEDA has been a large part of the Clarksburg facility’s success over the years.
Skana Aluminum is proud to say their product is made in the U.S.A. and made in West Virginia. They believe the programs West Virginia has to offer are not only good but world class.
Read more:
https://eda.wv.gov/skana-aluminum/
Find these stories and more at wv.gov/daily304.
The daily304 curated news and information is brought to you by the West Virginia Department of Commerce: Sharing the wealth, beauty and opportunity in West Virginia with the world. Follow the daily304 on Facebook, Twitter and Instagram @daily304. Or find us online at wv.gov and just click the daily304 logo.
That’s all for now. Take care. Be safe. Get outside and enjoy all the opportunity West Virginia has to offer.
