West Virginia has incredible economic potential, if it can be developed properly
in the coming years. That's the conclusion of someone who should know.
Jose Sartarelli, dean of the West Virginia University College of Business and Economics, provided sound advice for state lawmakers during the 2014 West Virginia Economic Outlook Conference in Charleston Tuesday morning.
As reported by Daily Mail business editor Jared Hunt, Sartarelli said many countries that developed significant economies following World War II did so by growing exports. West Virginia, he said, appears to be on that path.
Sartarelli said the state could turn its challenges around through sustained economic development.
"There's no pathway to future prosperity that's faster than economic development," Sartarelli said.
Lawmakers and public officials: Read that line again. "There's no pathway to future prosperity that's faster than economic development."
Notice, he didn't say additional taxes. He didn't say new government programs. He didn't say health care.
Sartarelli said to achieve true economic development, the state needs five things: