West Virginia - Wild and Wonderful

About West Virginia

West Virginia is noted for its mountains and diverse topography, its historically significant logging and coal mining industries, and its political and labor history. It is one of the most densely karstic areas in the world, making it a choice area for recreational caving and scientific research.

Business

West Virginia is full of opportunity for any business with a growing economy and a highly dedicated workforce. Whether you are running an existing business or thinking of starting a new business you can find all of the information you need throughout this business section.

Education

West Virginia is fortunate to have a tremendous education system with a high standard of excellence. Please use the information provided here to learn more about the wealth of educational opportunities in our great state.

Employment

West Virginia is home to one of the finest workforces in the country based on our hard work and commitment to quality. Whether you are looking for new job opportunities, enhancing your job skills or researching future employment trends you can find all of the information you need throughout this employment section.

Family

West Virginia offers the perfect balance of a rural and urban setting that suits a variety of lifestyles. This is a state where you can go whitewater rafting in the morning, go to an art exhibit in the afternoon and attend a concert in the evening. Whether you just moved to the Mountain State or your family has been here since it was founded, you are part of our community.

Health

Maintaining proper health is vital to ensuring the highest quality of life possible. West Virginia strives to provide one of the best health care systems in the country that is affordable and available to all residents of the state. This section contains numerous resources to assist you in accessing the health care services provided in the state.

Tourism

Exhilarate in the lasting beauty and natural wonder scattered throughout West Virginia. From unmatched outdoor recreation to world-class resorts, breathtaking scenery and a variety of cultural and historic attractions, West Virginia is an ideal spot to plan your next adventure. Discover for yourself what makes West Virginia wild and wonderful.

 State Investments Yield a 16 percent return in Fiscal Year 2010

8/4/2010

CHARLESTON, W.Va.—Governor Joe Manchin, Revenue Secretary Virgil T. Helton and Investment Management Board Executive Director Craig Slaughter today announced that West Virginia Public Employees Retirement System earned 16 percent return on its investments for fiscal year 2010.

 

“The end of the fiscal year shows how hard the Investment Management Board has worked to keep West Virginia on solid financial ground during challenging financial times,” Governor Manchin said. “While this year’s return on investment is very good, we are not where we would have been had the global recession not occurred. We need to continue to maximize our returns while minimizing our risk.”

 

Fiscal year 2010 results are the largest single year return on investment West Virginia has received since fiscal year 2007 when the return was 17.6 percent.

 

Investment Management Board Executive Director Craig Slaughter is cautious about the prospects for the current fiscal year.

 

“Long-term return numbers are still achievable but the intermediate future may be difficult,” Slaughter said. “The economy still needs a few years to recover from the global recession.”

Funds appropriated by the Legislature will help support the Investment Management Board’s efforts this fiscal year.

 

“Due to the investment losses incurred in fiscal year 2008 of 6.5 percent and in fiscal year 2009 of 15.6 percent, the General Revenue Fund has allocated to the State’s pension funds an additional $52.3 million in fiscal year 2010 and $159 million in fiscal year 2011 above the fiscal year 2009 funding levels,” Secretary Helton said. “By making these contributions to the pension funds managed by the Consolidated Public Retirement Board, West Virginia will continue down the path of responsible fiscal management.”

 

The Investment Management Board is responsible for the state’s long-term investments. Oversight of the board is vested in thirteen trustees who, by state code, may develop, implement and maintain an efficient and modern system for the investment and management of the state’s money.

Contact Information

Craig Slaughter
304-345-5939