Sportsline with Tony Caridi  Watch |  Listen

Just ahead of regular session, governor calls a special one for economic development

Just ahead of the annual, 60-day regular legislative session, Gov. Jim Justice has called a special session.

The governor made his announcement just before 10:30 p.m. Saturday, saying he wants lawmakers to expedite several policies related to economic development.

Additional factors include a strong string of state revenue reports, millions of federal dollars awaiting allocation and repeated hints that the governor has a big economic development announcement just ahead.

One of the bills for lawmakers to consider in the special session would provide for tax incentives under specific circumstances. Additional bills are supplemental appropriations bills aimed at economic development.

Legislators would be in Charleston anyway for interim meetings that were already planned. Justice called for the special session to begin at 11 a.m. Monday. The regular legislative session begins on Wednesday.

During a routine briefing last week, Justice hinted that he will have “major, major announcements” at his annual State of the State address Wednesday evening. “I know we’re going to report some really, really exciting news that’s going to be happening in the State of West Virginia,” he said.

The announcement of a special session echoed that. “Stay tuned for announcements of potential investments next week,” it stated in the last line.

Lawmakers have been preparing for several days for the possibility of being called in for a special session. Much talk at the Capitol has been centered around an economic development project that would need some sort of legislative sign-off prior to a gubernatorial announcement.

A major steel company, Nucor Steel of Charlotte, N.C., recently acknowledged evaluating locations in West Virginia. In September, the company specifically described assessing property in West Virginia, Ohio and Pennsylvania for a new state-of-the-art, 3-million-ton sheet mill. The new sheet mill is expected to cost about $2.7 billion.

The company also announced one month ago that it is looking for a site to build a rebar micro mill budgeted at $350 million. The company’s announcement said it was looking for a site in the South Atlantic region.

Justice’s special session call generally describes a “policy to provide certain tax incentives, based upon certain investment and employment thresholds, to promote development and expansion of new labor and capital intensive heavy industry in this State.”

The bill was not made available, and there were no further details about what the tax incentives would be or further description of the thresholds.

Five more policies for legislators to consider are supplemental appropriations bills. Several appear to be transfers of federal covid relief.

The Governor’s Office said an appropriation to the state Department of Economic Development will capitalize on the state’s strong revenues “to assure jobs and goodness for generations to come” and “to secure tremendous private investment all around the state.

“These appropriations will mark the largest investment in economic development in this state’s history, and will pay untold dividends in recruiting businesses, their employees and families, and further private investment in West Virginia.”





More News

News
Interim meeting site visit helps lawmakers understand new I-79 interchange need
House Speaker Roger Hanshaw says new exit could bring additional growth.
May 24, 2022 - 5:31 pm
News
Monroe County aerospace facility releases statement in connection with labor dispute
Around 250 workers went on strike Monday.
May 24, 2022 - 4:28 pm
News
Middle school girls show off STEM skills at robotics competition
American science communicator Emily Calandrelli was the keynote speaker.
May 24, 2022 - 2:41 pm
News
Kanawha leaders move toward relaxing ATV restrictions
Commissioners say changes key to spurring economic development in Upper Kanawha Valley.
May 24, 2022 - 2:40 pm