|
Taxes: UTEC member companies and organizations comprise perhaps the largest tax paying block in West Virginia. Annual taxes paid to the state, exceeds $340 million. The electric generators in the state, using West Virginia coal, indirectly contribute to the severance taxes that have buoyed the state's economy in recent years.
Employment & Payroll: More than 26,000 hard working West Virginians are employed by UTEC companies and organizations. Our sector has 3.5% of total employment and 6% of total wages in the state. Annual payroll is a robust $1.33 billion and climbing. Average wages are in excess of $50,000 per year plus benefits.
Capital Investment: UTEC has deep roots in West Virginia and the capital investment by our companies and organizations proves it! Today, we have tens of billions of dollars invested in our facilities and operations in the state. Several of our companies have announced construction projects that, in total, will account for more than $3 billion.
Giving Back to our Communities: One of our member company's mottos contains this phrase: We are a citizen of each community we serve and take an active part in its affairs. We prosper only as the community prospers; so we help it thrive in every way we can. UTEC companies and organizations reinvest more than $2.6 million in the communities we serve in West Virginia each year. Our employees volunteer countless hours in civic and community groups, in schools, as coaches, mentors and leaders supporting our commitment to make our towns a better place to live.
Legislators, regulators and others now have a vibrant source of information for the utility, telecommunications and energy industry in West Virginia. That source is UTEC.
|
