CHARLESTON, W.Va. — Gov. Earl Tomblin vetoed a bill Tuesday that would have given tax credits to high tech companies looking to set up shop in the Mountain State.

Project Launchpad, also known as HB 4343, received some high marks from the governor, who favors encouraging new high-tech businesses. But he claimed there are already many tax credits on the state’s books.

“You can only have so many incentive programs out there,” Tomblin said.

The bill gained overwhelming approval in both the House and Senate. It was sponsored by Kanawha County Del. Doug Skaff and had the support of several economic development groups, including the Charleston Area Alliance.

 

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Comments

  • Mtneer001

    This was a big mistake by the governor.

    High Tech companies are in big demand and are willing to move. The eastern panhandle would be an ideal location for companies to move from MD and VA. Now, WV continues its brain drain, along with jobs and further erodes the tax base.

  • gnarly dude

    I guess sowing bermuda grass and watching the Saints practice while trying to keep the drool off of his chin is ER's idea of high tech. I mean hell, his wife scratched and clawed her way to the top of a technical community college.

  • Mister G!

    Larry Puccio must not shill for any high-tech businesses ...

  • CaptainQ

    "Tomblin said it’s a good idea to encourage new high tech businesses but there are already many tax credits on the state’s books."

    Really? Too many tax credits on the books ALREADY? REALLY?

    Apparently, only Jim Justice is allowed to have WV tax credits.

    How DARE anyone else who isn't Jim Justice seek tax breaks in this state! Oh sin of sins! At least, according to Governor Goofy, er, I mean, Earl Ray.

  • Joeyjojo

    Their mistake was not hiring the chairman if the wv Democratic Party to lobby for it. Right Jim justice?