WVU researchers have invented a Zillow-like software for developers to find property in southern West Virginia’s coalfields. Over 4,500 former mine lands exist in the southern counties of West Virginia, and the researchers have organized them into a searchable, interactive database similar to Zillow, Airbnb, and VRBO. The goal of the project is to encourage development opportunities on the former mine lands, ultimately repurposing them and creating jobs. The project is a collaboration between WVU, Coalfield Development Corporation, and The Nature Conservancy. It is part of a comprehensive project called “Appalachian Climate Technology Now,” which received funding from the U.S. Economic Development Administration as part of the Build Back Better Regional Challenge Grant.
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The Monongalia County Commission has rezoned 659 McCullough Avenue from R-2 (neighborhood density residential) to R-4 (high density residential). This amendment to the West Run Planning District zoning map coincides with Metro Properties’ plan to construct 30 townhomes in the area. For the Metro Properties project to move forward, the Monongalia County Planning Commission has laid out conditions for the developer to meet primarily related to stormwater management and street access.
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The DOH expects construction to begin late this year or next spring on a new bridge that will go over the Monongahela River and take traffic to the Morgantown Industrial Park. The contract for the proposed bridge, an interim option while the proposed Harmony Grove interchange off I-79 moves through the approval process, was awarded to the lowest bidder, St. Albans contractor, Triton Construction. The bridge access would come off U.S. 119/Grafton Road in the vicinity between Scott Avenue and the Glotfelty Tire Center, cross the river and connect to Morgantown Industrial Park via Rail Street.
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The Federal Reserve made a big economic move today, cutting interest rates for the first time since 2020. The bank lowered its benchmark interest rate by half a percentage point, a move that has the potential to help borrowers and spur economic growth.
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Prime 6, a company that manufactures wood-based charcoal alternatives, is making a big investment in West Virginia. The company plans to invest $35 million in the mountain state by creating a manufacturing facility in Upshur County. The manufacturing facility will bring 75 jobs to the area and is expected to have a positive ripple effect on the local economy.
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Earlier this year, West Virginia Governor Jim Justice announced a partnership between the state of WV and LG Electronics to grow business, add jobs and advance technologies related to “renewable energy, health care and industries of the future”. LG is used to these types of public/private partnerships and saw an opportunity in the Mountain State. Over the next five years, the South Korean-based electronics giant plans to provide 275 high-skill jobs in the state through the creation of several businesses, including “construct[ing] both a research and development and an engineering hub within the state that will hire software engineers, architects and developers”.
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We work hard for our clients, and it’s great to be recognized for it! Black Diamond Realty has been voted best Commercial Real Estate Agent in Mountaineer Country 2024. We are honored we get to serve our community and clients with our commercial real estate expertise.
Thank you, Mountaineer Country!
Improvements may be coming to the Morgantown Industrial Park. The Senate Appropriations Committee has sent forth a bill to the Senate that includes $26 million earmarked for the Morgantown Industrial Park bridge and access road project. The funding, requested by West Virginia Senator Shelley Moore Capito, would be used to design a road, a bridge over the Monongahela River and improve some of the existing infrastructure. Capito sees the project’s completion as vital to the Morgantown community, stating, “. . .this is a major development and a highly encouraging one”.
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