Attraction.
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Key Business Incentives.
Local Incentives
City of Morgantown New and Expanding Business Tax Credit
The City of Morgantown has adopted a New and Expanding Business Tax Credit for the Downtown District. This tax credit is meant to help spur development. New construction projects valued in excess of $5 million are eligible, if approved, to receive an 80% tax credit on the B&O tax for construction. New businesses that move into the district, if approved, can receive a tax credit of 80% the first year, 60% the second, 40% the third, 20% the fourth. The maximum total tax credit allowed is $300,000.
Opportunity Zones
Invest in Opportunity Zones
Investors who are interested in investing in a potential Opportunity Zone may submit letters of interest. Please submit letters of interest to Pa**************@**.gov
Industries.
The word is out about the manufacturing and government contracting sector in Morgantown, WV. The manufacturing and government contracting sectors in the region have a long history and bright future. Innovative solutions and cutting-edge technologies continue to propel these sectors with little signs of slowing down. If your business is manufacturing and government contracting-related…if your career is manufacturing and government contract driven…there’s only one place for you… It’s Morgantown.
Explore Local Industries
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