Community
Profile: Demographics
& Labor Force | Business
& Industry | The
Community
Business
and Industry
| Major
Employers |
| |
Employment |
| Marshall
University |
2,000 |
| St.
Mary's Hospital |
2,000 |
| Marathon
Ashland Petroleum |
1,700 |
| Cabell-Huntington
Hospital |
1,500 |
| AK
Steel Company |
1,400 |
| CSX, Huntington Division |
1,100
|
| GC Services |
1,000 |
| Special Metals |
970 |
| Alcon
Surgical |
585 |
| Steel of West Virginia |
543 |
| US Army Corps of Engineers |
450 |
| Amazon.com |
308 |
| Client Logic |
300 |
*
Source: Top Employers 2006
| Air
Transportation |
The
Huntington area is serviced
by two airports.
Tri-State Airport, Huntington, WV (approximately 15 minutes
from downtown Huntington). The Tri-State Airport
facilities and services include: |
| Daily
Departures |
|
9 |
to
hub centers -
Charlotte and Cincinnati |
|
|
| Runway
Length |
|
6,509
ft |
| Air
Cargo Services |
|
Yes |
| Charter
Service |
|
Yes |
| Passenger
Carriers |
|
Comair/Delta Connection
USAir Express
Allegiant Air
|
Yeager Airport, Charleston, WV (approximately
45 minutes from downtown Huntington)
Daily Departures 43
to hub centers - Charlotte ,Pittsburgh,
Philadelphia and Washington, DC
Runway Length 6,302 ft.
Air Cargo Services Yes
Charter Service Yes
Passenger Carriers Comair/Delta Connection
Continental Express, Northwest Airlink
United Express, US Airways Express
| Ground
Transportation |
Major Highways |
| Interstates |
I-64,
I-73 Proposed |
| U.S.
Primary |
U.S.Rtes.
60, 52, 23 |
| State
Primary |
Rtes.
75, 2, 152, 10, 37 |
Major Freight & Railroads |
|
| Motor
Freight - Daily Service |
11 |
| Motor
Freight - Local Terminals |
3 |
| Rail
Service |
CSX,
Norfolk Southern |
| Rail
Passenger Service |
Amtrak |
| Public
Bus System |
Tri-State
Transit Authority |
Water Transportation |
|
Huntington
is the largest inland river port in the United
States.
|
| Utilities |
Electric Service |
Supplier
& Generation Co
|
American Electric Power
|
Natural Gas Service |
| Transmission |
Columbia
Transmission |
| Supplier |
Allegheny
Power Company
Consumers Gas
Southern Public
|
| |
West
Virginia is the largest producer of oil
and natural
gas east of the
Mississippi River with natural gas costs
rated 8th lowest in the U.S. Natural gas
is produced in 49 out of West Virginia's
55 counties through approximately 40,500
wells throughout the state. Allegheny Power
has 4,845 miles of main line serving 229,984
customers and ranks 33rd in the nation for
oil production and 11th for natural gas production
via open access system offering transportation
and sales services,
both firm and interruptible.
|
Water Service |
| Supplier |
West
Virginia American-Water Co. (supplies cities
of Huntington and Barboursville, communities
of Culloden, Salt Rock, Lavalette PSD, and
Chesapeake, OH. Also serves 98% of rural Cabell
County.) |
| Source |
Ohio River |
| Capacity |
20 million
GPD |
| Peak
Load |
16.5 million
GPD |
| Storage Capacity |
10.5 million
gallons |
| Other Local Suppliers |
Town of
Milton (Cabell
County) and towns of Kenova, Ceredo (Wayne
County) and Ft. Gay |
Waste Water Treatment |
| Storm |
80% coverage
(City) |
| Sanitary |
80% coverage
(City) |
| Capacity |
17 million
GPD |
| Peak Load |
16 million
GPD |
Solid Waste Disposal |
| Landfill |
Boyd County,
KY & Prichard, WV |
| Estimated Life |
9 years - Boyd County |
| Employee
Training |
The Governor's Guaranteed Work Force
Program provides a one-step service for all
economic development-related job training needs.
Under this program the State will pay up to
100% of new or existing employees' cost of training.
Up to $2,000 per employee is allowed.
Cabell County Career Technology Center is one
of the largest vocational and technology education
programs in the state.
|
| Total
Enrollment |
1,500 |
| Adult
Enrollment |
800 |
The Robert C. Byrd Institute for Advanced Flexible
Manufacturing provides access to advanced technology
and technical training for small- and medium-sized
manufacturers. |
|
| Tri-State
Retail Sales |
| |
(Million
$) |
| Food
and Beverage Stores |
346.70 |
| Gasoline
Service Stations |
290.33 |
| Apparel
and Accessories |
151.38 |
| Furniture/Home
Furnishings |
69.39 |
| Eating
and Drinking Places |
287.00 |
| Health and Personal Care Stores |
215.68 |
| Arts, Entertainment and Recreation |
38.79 |
| Miscellaneous
Retail Stores |
104.00 |
| Total
Retail Sales |
3,248.00 |
*
Source: 2002 Economic Census, US Census Bureau
| Taxes |
Property Tax Multipliers 2005 |
| Wayne
County |
Class
I |
.1368 |
| |
Class
III & IV |
.0572 |
| Cabell
County |
Class
III & IV |
2.7696 |
| City
of Huntington |
3.4096 |
| (Property
tax calculated on 60% of market value. Class
I - intangible property; Class III & IV
- non-residential property & personal property.)
|
Business and Occupational Gross Sales Tax
(City of Huntington) (Per $100)
|
| Manufacturers |
0.20 |
| Restaurants |
0.50 |
| Wholesalers |
0.15 |
| Contractors |
2.00 |
| Amusements |
0.50 |
| Mineral
Products |
1.00 |
| Electric
Power |
4.00 |
| Retailers |
0.5 |
| Other
Utilities |
|
| State
Unemployment Compensation Tax Rate |
| New
Employers |
2.7%
(First 36 months) |
| Experienced
Employers |
1.5
- 8.5 |
| Wage
Base |
first
$8,000.00 |
|
| City of Huntington Service Fee |
| City Service Fee to defray cost of providing and maintaining City services within the City. Persons employed within the City shall be required to pay service fee of $2.00 per calendar week. |
| |
| State Corporate Income Tax |
| Rate |
9% |
| Multi-state
corporations apply an
apportionment computation, using a three factor
formula. The result of these calculations is
West Virginia's Taxable Income, which, when
adjusted for West Virginia net operating loss
carry forward results in West Virginia Net Taxable
Income. |
State Franchise Tax |
| Rate
$0.75 per $100 of adjusted
apportioned capital. |
Sales Tax |
| State
Rate |
6% |
| No sales
tax on the purchase of equipment and machinery
for manufacturing. |
State Personal Income |
| Rate |
3%
to 6.5% |
Incentives |
Huntington Area Development Council
Loan Pool
A $10 million loan pool available to finance new business facilities.
Huntington,
WV - Ironton, OH Federal Empowerment
Zone
An area designed to provide Federal
wage credits, increased expensing and bond
financing for qualifying businesses.
Corporate
Headquarters Credit
Companies that relocate their corporate headquarters
are eligible for tax credits. If 15 new jobs
are created, the credit is 10% of the adjusted
qualified investment. The credit increases to
50% if 50 or more jobs are created.
Economic
Opportunity Credit
Offsets 80% of taxes for up to 13 years.
Minimum job requirement is 20.
Manufacturing
Investment Credit
Allows a 50% corporate net income tax and franchise
tax based on investment with no new job creation
required.
Manufacturing
Sales Tax Exemption
Materials and equipment
purchased for direct use in manufacturing are
exempt from the 6% state sales tax and use
tax.
Strategic
R&D Credit
Allow for up to 100% tax offset for R&D
projects. R&D expenses are exempt from
sales tax.
Warehouse
"Freeport" Tax Exemption
Goods in transit to an out-of-state destination are exempt from ad valorem property
taxes when warehoused in West Virginia.
|
|
|
|
