Economy

October 29, 2020 by Sean O'Leary
West Virginians Were Promised an Economic Revival. It Hasn’t Happened Yet.

Mountain State Spotlight - One year ago, West Virginia Gov. Jim Justice promised business leaders that the state’s economy was on the verge of a boom. Continued growth in natural gas production was going to spark an industrial renaissance, bringing construction of a giant collection of spinoff factories. Read the full article. Speaking to the West…

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October 29, 2020 by WVCBP
ReImagine Appalachia Coalition Details Regional Infrastructure and Investment Priorities

White papers detail Appalachian climate investment strategy for lawmakers post-election. For Immediate Release: October 29, 2020 Contact: Renee Alves, 559-916-5939 Charleston, WV - The ReImagine Appalachia Coalition released a trio of white papers detailing needed infrastructure investments in broadband, for modernizing the region's manufacturing sector, reviving the Civilian Conservation Corps (CCC) and promoting regenerative agriculture. Read the reports here. The…

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October 27, 2020 by Sean O'Leary
Five Scary Charts About West Virginia’s Recovery

It's almost Halloween, a spooky time of year with ghosts, witches, zombies, and unemployment claims data. If you love being scared, check out these bone-chilling charts featuring some ghastly trends on West Virginia's economic recovery during COVID-19. But be warned, these blood-curdling bars and spine-tingling lines are not for the squeamish. West Virginia lost 93,900…

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October 22, 2020 by Rhonda Rogombe
West Virginia Medicaid Enrollment Continues to Rise Even as Unemployment Claims Level Out

Last week, West Virginia’s Bureau for Children and Families released updated state Medicaid enrollment figures. The data revealed that 6,500 additional West Virginians registered for the program in September. Since the start of the COVID-19 pandemic in February – and the subsequent loss of employment and wages – 53,500 additional individuals have gained coverage. This…

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October 20, 2020 by WVCBP
17 West Virginia Non-profits Call on Governor Justice to Reallocate Remaining CARES Act Funding

WVVA - As part of federal COVID-relief legislation passed in March, West Virginia received $1.25 billion to address the health and economic impacts of the coronavirus pandemic. Read full article. As of October 19, there is still over $969 million remaining unspent with a December 30 deadline for utilizing the funds. Governor Justice’s current proposal would send…

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October 15, 2020 by Sean O'Leary
West Virginia’s Recovery Grinds to a Halt in September

According the latest jobs report from WorkforceWV, West Virginia's jobs recovery -- which had already been showing signs of weakness in recent months -- took another step backward in September, as total non-farm employment fell by 3,000 jobs. Most of September's jobs losses occurred in the public sector, with the state losing 3,200 government jobs,…

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October 7, 2020 by Kelly Allen
Justice Says Postponing Federal Stimulus Negotiations is ‘Not Good’

West Virginia MetroNews - Gov. Jim Justice says President Trump should not suspend negotiations on the latest round of federal coronavirus relief. Read full article. “I don’t want him to do that,” Justice said today, “and I do not think that’s the thing to do.” New data out this week shows that two-thirds of renters…

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October 3, 2020 by Sean O'Leary
Business Briefcase

Beckley Register-Herald - Sean O’Leary, senior policy analyst at the nonpartisan West Virginia Center on Budget & Policy, reports in a blog post that West Virginia had recovered roughly two-thirds of the 93,900 jobs it lost in March and April. Read full article. “As previous posts have shown, most of those gains occurred in May…

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September 29, 2020 by Sean O'Leary
West Virginia’s Unequal Economic Recovery

West Virginia has recovered roughly two-thirds of the 93,900 jobs it lost in March and April as the economy was heavily impacted by the COVID-19 pandemic. As previous posts have shown, most of those gains occurred in May and June, with job growth slowing significantly in July and August. But as the jobs recovery as…

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