U.S.-based companies that participate in global trade accounted for 43 percent of West Virginia's private-sector output and 39 percent of private sector jobs in 2011, according to a new analysis.
A total of 347 U.S. companies with international ties operated in West Virginia in 2011, adding $23.7 billion to the state economy and supporting 287,600 private-sector jobs paying an average of $59,214 in wages and benefits, Business Roundtable said.
"Globally engaged U.S. companies are a powerful engine for economic growth, supporting jobs and creating economic opportunity all across the United States," said Business Roundtable President John Engler.
The Business Roundtable is an association that represents more than 200 CEOs. It based its findings on U.S. government data and its own independent research.
The association has been lobbying for comprehensive corporate tax reform, and said the businesses highlighted in the data would benefit from a fairer, simpler tax code that makes it easier for them to compete in global markets.
"A more competitive U.S. tax system would help maximize the positive economic benefits of these businesses in West Virginia and all 50 states," Engler said.