August 18, 2017
Jeff Lusk, West Virginia Executive, 18 August 2017 – According to the West Virginia Division of Tourism’s annual report, the Mountain State generated $14 in taxes for every $1 spent on advertising in Fiscal Year 2016. As the state continually searches for ways to increase revenue and diversify its struggling economy, organizations such as Durbin & Greenbrier Valley Railroad (DGVR), the Hatfield McCoy Trail System and Racer Productions are providing massive opportunities for statewide economic development and diversification.
The success of the trails has not gone unnoticed at the national level. In 2016, the Appalachian Regional Commission (ARC) granted funding to help businesses develop along the trails. This grant, coupled with an ARC grant to the Natural Capital Investment Fund, will provide business coaching, small business training and risk capital to entrepreneurs developing businesses to support the trail system. The growth of the trail system and the entrepreneurial opportunities it provides are enormous. It continues to exceed all expectations and is serving as an engine for tourism growth and entrepreneurship.
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The success of the trails has not gone unnoticed at the national level. In 2016, the Appalachian Regional Commission (ARC) granted funding to help businesses develop along the trails. This grant, coupled with an ARC grant to the Natural Capital Investment Fund, will provide business coaching, small business training and risk capital to entrepreneurs developing businesses to support the trail system. The growth of the trail system and the entrepreneurial opportunities it provides are enormous. It continues to exceed all expectations and is serving as an engine for tourism growth and entrepreneurship.
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