<For Japanese Companies - U.S. Industry Information> The Automotive Industry in West Virginia
A strategic location close to assembly plants in the United States and Canada. An introduction to the automotive industry in West Virginia.
West Virginia offers a high-profit location for automotive parts manufacturers due to lower business taxes compared to neighboring states, a competitive wage environment, and abundant, low-cost utilities. The state provides tax credits, worker training support, loan programs, and other incentives to attract and promote the development of automotive manufacturing projects. Access to workers is ensured through educational and training programs, providing a stable supply of skilled labor. Additionally, various engineering bachelor's and master's programs are offered at West Virginia University, Marshall University, and other regional institutions. [About the Japan Representative Office of the West Virginia State Government] Our Japan office provides support services after entering the market, including market research, local property introductions, referrals to necessary professionals, and assistance with incentives, tax credits, job training, and recruitment. We offer the latest local information, so please feel free to consult with us. *We are currently publishing an "Automotive Industry Map" summarizing industry trends! Please check it out via PDF download.
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**Features of West Virginia** - Industrial electricity and gas rates are low (due to coal, natural gas, and shale gas-fired power generation, as well as having one of the largest wind farms in the eastern U.S.) - Home to one of the largest wind farms in the eastern U.S., advantageous for the use of green energy - Excellent access to the large market in the eastern U.S.; a logistics hub - High retention rates - Resilient to natural disasters (the terrain, which is largely covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes.) Utilizing abundant electricity, the manufacturing sector has initially expanded from the chemical industry to include automotive parts, aerospace and defense, metal processing, and building materials. Additionally, in response to green energy policies and work style reforms, new industries such as IT and EV-related sectors have been on the rise.
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