Statement from WVMA President Rebecca McPhail on Gov. Jim Justice’s announcement that he is creating a new task force to focus on on downstream manufacturing opportunities in the petrochemical industry and also committed to repealing the property tax on inventory, machinery and equipment:
“The West Virginia Manufacturers Association long has championed the incredible opportunities for our state within the petrochemical industry. We applaud Gov. Jim Justice for creating this new task force and appointing DEP Secretary Austin Caperton as its leader. Secretary Caperton has the knowledge and vision to help West Virginia work with the Trump Administration and navigate this exciting path forward. The job growth and revenue potential in the petrochemical industry can be a true game-changer for West Virginia, and the WVMA is eager to be part of the conversation.
At the same time, we are encouraged by the governor’s commitment to repealing the onerous, anti-competitive tax on inventory, machinery and equipment. Repealing this tax is a necessary first step toward growing our manufacturing industry and capitalizing on all the opportunities before us.”
