You can make money in the Mountain State
Gov. Earl Ray Tomblin and the state’s economic development team deserve credit for their work to get the Sogefi Group to invest $20 million in its plant in Wayne County, which will add 250 jobs and more than double its work force.
The company has plants on four continents, and the plant in Prichard was Sogefi’s first in North America.
Here is hoping that Italian automotive company gets a return on its money so high that it re-invests again and again in its plant, which makes fuel pumps, fuel filters and oil filters.
That has been Toyota’s experience in Buffalo, where the Japanese company found highly capable and motivated workers. Foreign investors are discovering they can make money in West Virginia, and tax incentives and cheap loans from the state help.
Their success should send the message to others that they can make money in West Virginia…