A Corridor of Commerce, that’s what Corridor H truly is. In 2013, an economic impact study projected what the completion of Corridor H could mean for West Virginia. In addition to the construction itself, the impact would be $1.25 billion over the first 16 years – created by:
Manufacturing alone is expected increase by $275 million between 2020 and 2036, with Transportation and Warehousing increasing by an estimated $219 million following the construction of Corridor H.
Corridor H provides a direct link to the I-66/I-81 junction near Front Royal, Virginia. There, a large inland port with direct double-stacked container rail to the deepest seaport on the East Coast becomes accessible. From the port at Norfolk, goods from Appalachia can then be transported all over the world.
Virgin Hyperloop announced that it will build its Hyperloop Certification Center on nearly 800 acres of land in West Virginia’s Tucker and Grant Counties.
The facility will be used to test this new high-speed transportation form, designed to move passengers and cargo through a vacuum tube at speeds exceeding 600-miles-per-hour – at a fraction of the cost of air travel.
In addition to being responsible for bringing an estimated 200 direct jobs over the course of three years to West Virginia, it is expected that Virgin Hyperloop will create thousands of other indirect and induced jobs through construction.
The West Virginia Hardwood Alliance Zone is in the heart of the state’s hardwood region – and includes the length of Corridor H. The area provides a competitive advantage to the hardwood industry business in relation to relocation, expansion, and development.
The West Virginia Hardwood Alliance Zone is a major hardwood-producing region that sustains nearly 400 manufacturing, processing and other wood-product operations. The West Virginia hardwood industry generates $3.2 billion annually to the state’s economy and employs more than 30,000 individuals in the workforce.
The average hardwood timber growth in West Virginia is three times the amount of lumber that is harvested for production.The total value of exported West Virginia hardwood products exceeded $205 million annually.
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