FOR IMMEDIATE RELEASE
Wednesday, March 29, 2023
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MEDIA ADVISORY: Gov. Justice to sign HB 3036 tomorrow at 10:30 a.m. in Fayetteville
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WHO: Gov. Jim Justice Secretary of Tourism Chelsea Ruby, Secretary of Commerce James Bailey, Fayetteville Mayor Sharon Cruikshank, other officials.
WHAT: Gov. Justice will sign into law HB 3036 - Increasing the number of districts and the limit on approved costs under the BUILD WV Act.
The purpose of this bill is to increase the number of districts and the limit on approved costs under the BUILD WV Act. The goal of BUILD WV – short for Better United In Long-term Development WV – is to assist in the growth of communities across the state and to attract new housing development. BUILD WV offers up to three types of tax credits as incentives for housing developers, including a sales tax exemption for building materials, a 10-year property value adjustment refundable tax credit, and a potential municipal B&O exemption.
The program is jointly managed by the West Virginia Departments of Commerce, Tourism, and Economic Development.
WHEN: Tomorrow, Thursday, March 30, 2023, at 10:30 a.m.
WHERE: Wiseman & High Apartments
114 W Wiseman Ave, Fayetteville, WV 25840
All West Virginians may watch the live stream of this event at the following links:
YouTube: https://youtube.com/live/xbHuSGL-pJY?feature=share
Twitter: https://www.twitter.com/WVGovernor
Facebook: https://www.facebook.com/wvgovernor
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This event will be live streamed. You can view the live stream by navigating to the Governor's Facebook, Twitter, or YouTube pages. You can also view a live stream by visiting the Governor's Office website and scrolling down to the "News and Media" section of the home page.
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