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Greenbrier Valley, WV

The Greenbrier Valley, West Virginia BDO Zone for Woody Biomass is rated ‘AA’.

Rating Issue Date: July 27, 2023.

‘AA’ ratings denote very high prospective viability of Feedstock Supply and Infrastructure and very low expectations of default risk in the Zone. They indicate very strong ongoing capacity of the region to support new biobased plant operations. This capacity is not significantly vulnerable to foreseeable events.

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BDO Zone Rating

Greenbrier Valley, WV BDO Zone Overview

Feedstock quantities are expressed in green tons per year (gt/yr), while feedstock costs are expressed in USD ($). Maximum transport distance is based on a 75-mile driving distance from the center point (Renick, WV).

BDO Zone Assets:

600,000 gt/yr of pulp-quality Roundwood potentially available at low-risk
A high density of sawmills with a combined residual availability of at least 150,000 gt/yr
A skilled and experienced forest industry interested in supplying feedstock
Sites suitable for industrial biomass-based projects

BDO Zone Liabilities:

A large competitor with longstanding ties to suppliers is situated within the supply basin
Logging capacity in the region is significantly reduced relative to pre-2007/08 levels
Supply chain scale-up is necessary to meet additional demand for feedstock

Infrastructure

Generally, the infrastructure in the region is complementary to forestry and new biomass-based project development. There are at least three potential sites within Greenbrier Valley that are suitable for bio-project development:

Edray Business and Technology Park

Over 85 acres located at 291 Edray Business Park Drive, Marlinton, Pocahontas County. 30 developable acres immediately available.
A ready-to-occupy publicly owned 30,000-square-foot building is suitable for industrial, commercial, and warehouse use, with 25,000 sf of manufacturing space and 5,000 sf of office area. Generous incentives for reduced or free rent based on job creation.
The park includes electric service, water and wastewater management, and broadband.
45 miles from Interstate 64 and 43 miles from Greenbrier Valley Airport.

Fountain Springs Technology and Business Park

25-acre park located at 3 Park Dr, Peterstown, Monroe County 10 developable acres expected to be available in August 2025.
Electric service, water, wastewater management, and telecommunications are available.
Adjacent to U.S. 219, 5.6 miles from US Route 460, 20 miles from Interstate 77, and 46 miles from Greenbrier Valley Airport.

East Fork Industrial Site

99-acre site located at 118 Industrial Park Road, Durbin, Pocahontas County, with no zoning.
Electric service, water, wastewater management, and telecommunications are all available.
The site has a floodplain and is 70 miles from I-64 and 80 miles from Greenbrier Valley Airport offering commercial service.
Adjacent to large sawmill and wood product operation, Inter-State Hardwoods

Contact Info

Ryan Magwood

Head of Business Development

BDO Zone Initiative

ryan@bdozone.org

647-962-3286

Ruthana Beezley

Executive Director

Greenbrier Valley Economic Development Corporation

rbeezley@gvedc.com

Local grants and Incentives

The BDO Zone offers two Federal Opportunity Zones (54025950100 and 54025950700) where eligible new investments can take advantage of preferential tax benefits.
Incentives from the WV Department of Economic Development include tax credits and other programs designed for established and growing businesses. Link: www.westvirginia.gov/wv-incentives/
The WV Economic Development Authority administers a number of grants for applicants seeking a state-financed loan of between $50,000 and $10 million. Link: https://eda.wv.gov/programs/