Business, Government Legal News from throughout WVMine closures a reminder of WV’s need to diversify

Mine closures a reminder of WV’s need to diversify

Posted: Updated:
  • OPINIONState Journal Editorials

  • Thursday, May 17 2012 5:30 PM EDT2012-05-17 21:30:58 GMT
    West Virginia's burgeoning natural gas industry is a shining light in what is an otherwise bleak economic landscape. However, questions surround how companies can best get the natural gas out of the ground.  One
    West Virginia's burgeoning natural gas industry is a shining light in what is an otherwise bleak economic landscape. However, questions surround how companies can best get the natural gas out of the ground.  One
  • Wednesday, May 16 2012 5:30 PM EDT2012-05-16 21:30:23 GMT
    The State Journal celebrated Who's Who in West Virginia Business last week in the publication and this week at a sold-out luncheon in Charleston. This year, we were honored to tell the stories of L. Newton
    The State Journal celebrated Who's Who in West Virginia Business last week in the publication and this week at a sold-out luncheon in Charleston. This year, we were honored to tell the stories of L. Newton
  • Thursday, May 10 2012 9:29 AM EDT2012-05-10 13:29:09 GMT
    Keith Judd, Inmate No. 11593-051, is serving a 210-month sentence at the Beaumont Federal Correctional Institution in Texas. But that did not stop him from garnering 41 percent of the vote among West Virginia
    Keith Judd, Inmate No. 11593-051, is serving a 210-month sentence at the Beaumont Federal Correctional Institution in Texas. But that did not stop him from garnering 41 percent of the vote among West Virginia
  • Wednesday, May 2 2012 5:30 PM EDT2012-05-02 21:30:49 GMT
    The primary election is just a few days away, and West Virginians need to make certain the candidates who earn their vote understand what this state needs.  West Virginia needs leaders — people willing
    The primary election is just a few days away, and West Virginians need to make certain the candidates who earn their vote understand what this state needs.  West Virginia needs leaders — people willing
  • Wednesday, May 2 2012 5:30 PM EDT2012-05-02 21:30:49 GMT
    The West Virginia Supreme Court of Appeals is doing the right thing by stepping in and taking a closer look at $90 million verdict against a Charleston nursing home.  The family of a woman who died more
    The West Virginia Supreme Court of Appeals is doing the right thing by stepping in and taking a closer look at $90 million verdict against a Charleston nursing home.  The family of a woman who died more

Some ominous news emanated out of Boone County recently. Two coal companies announced mine closures and cutbacks that will result in miners losing their jobs.

But that's just the beginning. According to Larry V. Lodato, the director of the county's economic development corporation, for every mining job, there are six spin-off jobs.

"It's going to hurt us hard in the pocketbook," he told The State Journal's Jim Ross. 

If coal production is down in Boone County, we can only presume that the rest of West Virginia isn't far behind. We can debate the causes, whether it's slowing demand, less coal or burdensome regulations, but what we can't do is stand by. 

We've said it in these pages many times, but West Virginia must diversify its economy. Coal will always have a place, but we must do all that we can to attract industry and investment. 

Aesop told us thousands of years ago to not put all of our eggs in one basket. We need to make West Virginia a place that puts justice above politics, develops a tax code that does not penalize a business when it wants to grow and expand and can put forth a work force ready to compete in the global economy.

Powered by WorldNow
All content © Copyright 2000 - 2012 WorldNow and WVSTATE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.