The chemical industry continues to grow in the North American market: Benefits of expanding into VW state in the United States.
West Virginia, which has many world-class chemical manufacturers and numerous advantages for Japanese companies in terms of business costs and livability.
The North American market continues to see business growth for chemical manufacturers. Production is being established closer to North American customers from regions such as Asia and Europe, aiming to mitigate export risks and reduce manufacturing and delivery times, leading to ongoing investments in North America. Our state, home to world-class chemical manufacturers, is also recognized by the American Chemical Society as the birthplace of the petrochemical industry. We are attracting investments from chemical manufacturers in Japan, Europe, and various countries. **Advantages of Expanding to West Virginia** - **Highly Competitive Business Costs**: Business costs, including taxes, salaries, and utilities, are lower than the national average. - **Market Location**: Over 50% of U.S. manufacturing hubs are located within an 800 km radius of our state. - **Labor Force Support**: Financial assistance and human support for recruitment and employee training. - **Investment Incentives**: Tax credits for manufacturing, assistance in finding factory sites and properties, financial support, and other resources. - **One-on-One Support**: Individual project support from staff based in Japan and headquarters staff. *We offer a chemical industry map and materials outlining the benefits of expanding to our state! Please check the [PDF download] for more information.* *Chemical Materials 2022 Online Exhibition from October 17 to 28.*
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The West Virginia State Government Japan Office is a direct branch of the International Division of the West Virginia Department of Economic Development. We conduct promotional activities in Japan to encourage Japanese companies to choose West Virginia when considering expansion into North America. Additionally, we provide support to ensure that companies can conduct business safely and sustainably, offering customized responses tailored to the needs of each company. *For more details, please refer to the materials. Feel free to contact us with any inquiries.*
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The West Virginia Government's Japan Representative Office is an extension of the International Division of the West Virginia Department of Economic Development. West Virginia is located in the eastern United States, surrounded by five states including major cities like Washington D.C. and Pittsburgh, and is known for its strong manufacturing sector. The main features of West Virginia are as follows: - Low industrial electricity and gas rates (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. and being home to the Appalachian Hydrogen Hub in Morgantown). - 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. and a logistics hub. - High retention rates (ranked first in the nation for low manufacturing turnover rates according to the U.S. Department of Labor's Bureau of Labor Statistics). - Resilience to natural disasters (the terrain, which is predominantly covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Particularly active industries include chemicals, automotive parts, aerospace and defense, steel, metal processing, building materials, and IT, with recent growth in the EV and battery industries.
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