Transportation costs
Businesses in West Virginia are well positioned to reach half the U.S. population overnight.
Transportation costs for a typical chemical or polymer facility in West Virginia are estimated to be below the competing states’ average, representing significant average annual savings.
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Transportation Costs
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U.S.
|
Region
|
W.Va.
|
W.Va. advantage
vs. region
|
|
Chemical
|
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NAICS 325188: Specialty
organic and inorganic chemicals
|
$2,039,154
|
$2,225,943
|
$2,182,356
|
($43,587)
|
|
NAICS 3256: Soaps, detergents
and specialty cleaning preparations
|
$3,104,512
|
$3,423,234
|
$3,348,860
|
($74,374)
|
|
NAICS 3255: Adhesives
and sealants
|
$5,221,614
|
$5,811,375
|
$5,673,753
|
($137,622)
|
|
NAICS 541690: Technical
services to the chemical industry
|
$100,809
|
$107,756
|
$106,135
|
($1,621)
|
|
Average
|
$2,616,522
|
$2,892,077
|
$2,827,776
|
($64,301)
|
Source: West Virginia Development
Office Cost Model
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Transportation Costs
|
U.S.
|
Region
|
W.Va.
|
W.Va. advantage
vs. region
|
|
Plastic
|
|
NAICS 325211: Plastic
material and resin manufacturing
|
$7,148,929
|
$7,889,982
|
$7,717,056
|
($172,925)
|
|
NAICS 325991: Custom
compounding of purchased resins
|
$3,265,197
|
$3,622,042
|
$3,538,772
|
($83,270)
|
|
NAICS 562920: Plastic
recycling
|
$449,918
|
$494,602
|
$484,175
|
($10,427)
|
|
NAICS 3261: Fabricated
plastic
|
$2,120,701
|
$2,368,730
|
$2,310,852
|
($57,878)
|
|
Average
|
$3,246,186
|
$3,593,839
|
$3,512,714
|
($81,125)
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Source: West Virginia Development Office Cost Model
The comparative analysis is based upon a model facility profile. Analysis uses national averages for similar companies within 10 surrounding states. The complete analysis can be obtained from the West Virginia Development Office.
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