West Virginia 2024 Regular Session

West Virginia Senate Bill SB571

Introduced
1/26/24  
Refer
1/26/24  
Engrossed
2/6/24  
Refer
2/7/24  
Refer
2/7/24  

Caption

Creating WV Corridor H Advanced Energy and Economic Corridor Authority

Impact

The bill authorizes the Corridor H Authority to create strategic goals and objectives to promote economic growth in the area. This includes fostering public-private partnerships to better connect the region to emerging markets. The authority is empowered to recommend legislative measures for tax incentives and bond issues to support local economic initiatives, marking a significant shift in how economic development is facilitated at the regional level in West Virginia.

Summary

Senate Bill 571 proposes the establishment of the Corridor H Advanced Energy and Economic Corridor Authority in West Virginia. The aim of this new authority is to oversee and facilitate economic development initiatives along Corridor H, a region impacted by economic fluctuations. By creating this authority, the state seeks to bolster local economies in seven counties—Lewis, Upshur, Barbour, Randolph, Tucker, Grant, and Hardy—through comprehensive partnerships among local governments, businesses, and economic development agencies.

Sentiment

Sentiment surrounding SB 571 appears to be generally positive, particularly among proponents who view the Corridor H Authority as a vital tool for economic diversification and job creation. The focus on collective efforts to address the unique challenges facing the Corridor H region has garnered support. Critics, however, may express concerns regarding the reliance on public-private partnerships and the effectiveness of such initiatives in truly revitalizing the local economy.

Contention

Despite the positive outlook, some contention exists regarding the authority's governance and operational independence. The bill stipulates that authority members will not receive compensation, which raises questions about how effectively the authority can function without financial incentives. Additionally, there may be apprehension around the long-term sustainability of the initiatives launched by the authority, especially in a fluctuating economic environment. Overall, while the bill aims to address pressing economic issues, its success will depend on implementation and community engagement.

Companion Bills

No companion bills found.

Previously Filed As

WV HB3130

Creating the Coalfields Energy Research and Economic Development Authority

WV HB3180

Wildlife corridors to reduce animal-vehicle collision

WV SB256

Relating to WV Economic Development Authority

WV HB2024

Budget Bill, making appropriations of public money out of the treasury in accordance with section fifty-one, article six of the Constitution

WV HB3332

Creating judicial circuits and assigning the number of circuit judges in each circuit to be elected in the 2024 election

WV HB3330

Creating family court circuits and assigning the number of family court judges in each family court circuit to be elected in the 2024 election

WV SB482

Relating to circuit composition and staffing of circuit courts, family courts, and magistrates

WV HB3331

Relating generally to support staff in the family courts and magistrate courts of this state

WV HB3329

Creating judicial circuits and assigning the number of circuit judges in each circuit to be elected in the 2024 election

WV SR101

Recognizing WV energy resources and pipeline infrastructure to support economic development and national security

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