The plastics industry in West Virginia contributes $2.2 billion annually to the state's economy, according to a new report that's getting a lot of attention in the Mountaineer state. The State Journal, a weekly business newspaper based in Charleston, has a big feature story about the report, which was completed for the Polymer Alliance Zone by the Center for Business and Economic Research at Marshall University. Some highlights from their story:
- West Virginia's plastic industry, directly and indirectly, accounts for more than 22,630 jobs, $1.19 billion in employee compensation, $2.2 billion in economic activity, and pays more than $178 million in state taxes.
- 75 percent of its customers located out-of-state.
- Polymer companies pay pay among the leading salaries in the state. Plastic industry wages average $54,000, which is more than one and one-half times the state average wage of $37,000.