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BUSINESS ATTRACTION * BUSINESS RETENTION * REGIONAL MARKETING 


Advantage Valley represents the following WV Counties: Boone, Cabell, Clay, Kanawha, Lincoln, Putnam, Wayne, Jackson, Mason; the following KY Counties: Boyd, Greenup; and the following OH County: Lawrence. This combined metropolitan statistical area represents:

30% of the state’s population
25% of the state’s employed workforce
$25 billion GDP
625,000 population 
NOVEMBER 2019 NEWS

ARC POWER Grant Funding Announced

Advantage Valley has received $1,055,000 from ARC's POWER Initiative to support the "FASTER WV" Initiative - Fostering Advantages for StartUps & Entrepreneurial Resurgence in WV. This program will boost entrepreneurial startups and expansions in the key emerging sectors of Food & Beverage Production; River & Outdoor Recreation; Child Care Services; Healthcare; Engine Equipment Manufacturing; Home Healthcare & Behavioral & Rehabilitative Healthcare; and Construction Trades. This award total includes matching funds in the amount of $362,000 from the Claude Worthington Benedum Foundation. The Wyoming County EDA received $150,000 for an Advantage Valley loan fund. Partners include the WV Small Business Development Center, Unlimited Futures, BridgeValley Community and Technical College, WV Forward, and WV Affiliated Construction Trades. Thank you Appalachian Regional Commission!

https://www.facebook.com/ARC.gov/videos/818167408599697/?t=30

Appalachian Regional Commission Video

Advantage Valley and RCBI to Continue
Popular SUPPLY CHAIN EXPOS

Advantage Valley has co-hosted three successful B2B events with RCBI in an effort to link the small business community to large companies in the region. The most recent expo with the Chemical and Polymer industry resulted in 239 one-on-one, five-minute meetings between representatives from 8 large prime companies (including APG Polytech, Braskem, Clearon, DuPont, Kureha, Optima Belle, MATRIC and Rubberlite) and representatives from almost 70 small businesses. 
   
Over recent months, similar expos focusing on the automotive parts manufacturing and DOH construction industries resulted in several West Virginia companies executing new contracts and becoming registered vendors for leading manufacturers in those sectors, according to Derek Scarbro, director of RCBI's Appalachian Hatchery initiative. Video 

Advantage Valley and RCBI will continue sponsoring popular Supply Chain Expos. Great feedback continues to flow in from these B2B events, with primes reporting 10-15 new contracts executed as a result.

National & International Recruitment Trips


Over the past few months, Terrell Ellis and Dave Lieving completed a round of domestic business recruitment trips to Ohio, Indiana, and Michigan. They met with companies in the manufacturing sector and are in the process of following up. They will soon attend FabTech in Chicago, one of the largest metal fabrication trade shows in the country. Terrell has just returned from a two-week trip to Denmark, Sweden where she met with a variety of companies in the tech, manufacturing, and biosciences sectors. She participated in the Airtec19 trade show in Munich Germany with representatives of the WV Development Office, Jackson County Development Authority, Mid-Atlantic Aerospace Center, and Polymer Alliance Zone where they marketed  West Virginia’s opportunities for investment in the aerospace sector.

Advantage Valley continues to promote 13 Opportunity Zones and 20 investment opportunities with the Opportunity Zone Pitchbook, which can be used by communities, economic development organizations, property owners, businesses, and others seeking to attract investment to designated opportunity zones.

For an online version of the pitch book, go to www.AdvantageValley.com/Pitchbook.

Seed Marketing Grants totaling approximately $84,000 have been awarded to 19 large and small companies in Advantage Valley, with tangible and promising results.

A regional marketing initiative has begun with Livability Media, a company to help Advantage Valley reach a digital platform of 11 million national viewers, and produce a high quality regional magazine promoting business and lifestyle in the region.

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