West Virginia State Business & Economics

Monongalia Co. takes over credit card skimming case

herald-dispatch.com

Monongalia Co. takes over credit card skimming case


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Huntington ready to capitalize on historic rehab tax credit

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Huntington ready to capitalize on historic rehab tax credit


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Land bank lets contracts to tear down structures

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Land bank lets contracts to tear down structures


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La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers

dailynews.com

La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers


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WV delegates pass tax revenue measure

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WV delegates pass tax revenue measure


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House committee investigates drug distributors, DEA about painkiller pill flood in West Virginia

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House committee investigates drug distributors, DEA about painkiller pill flood in West Virginia


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Democratic senator asks drugmakers about opioid sales plans

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Democratic senator asks drugmakers about opioid sales plans


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Home / West Virginia / Business
Huntington chamber urges support of Small Business Saturday
HUNTINGTON - Since its creation in 2010, Small Business Saturday has grown to become a permanent fixture of the holiday shopping weekend. This year, Small Business Saturday will be on Saturday, Nov. 25. The popular shopping day now ranks as the second-busiest shopping day of the year, behind only Black Friday. "We are encouraging consumers to shop small and shop local," said Huntington Regional Chamber of Commerce President and CEO Bill Bissett   Read More ...
Categories: Business | 
Carl Knoblock: Shopping 'small' supports your communities
Saturday, Nov. 25, is Small Business Saturday - a day to celebrate and support small businesses for all they contribute to our local communities. Did you know that since 1995, small businesses generated 64 percent of new jobs, and paid 44 percent of the total United States private payroll? When we shop small - spending our money at locally owned small businesses within our neighborhoods and towns - we help create two out of three net new local jobs   Read More ...
Categories: Business | 
Jill Cataldo: Readers' tips for saving at supermarkets
As a shopper, I'm always looking for ways to maximize my savings. Last week I was at the supermarket, and after I paid for my groceries, a Catalina coupon printed at the register along with my receipt. This coupon stated, "$10 off a $100 gift card purchase" and showed a picture of the supermarket's own gift card near the text. What would you do with an offer like this? If you're a savvy shopper, you can likely predict what I did: I slipped the coupon into my wallet and when I returned to the store this week to shop, I stopped at the register first, before buying groceries   Read More ...
Categories: Business | 
Tags: Markets |  Money |  Savings |  Retail Markets |  Supermarkets | 
Authorities combating credit card skimming at gas pumps
LOUISVILLE, Ky. (AP) — Federal authorities pointed Friday to multiple arrests and convictions in Kentucky as just the start of a crackdown on credit card skimmers who target gas pumps to steal personal information. Six cases in the Louisville area alone snared thousands of victims for combined losses exceeding $3.5 million, said U.S. Attorney Russell Coleman. He said the investigation that began in 2015 because of consumer complaints has led to eight arrests and uncovered up to 50 illicit skimming devices at gas pumps in Kentucky's largest city and some of its suburbs   Read More ...
Categories: Business | 
Tags: Money |  Credit Cards |  Credit | 
West Virginia's vehicle lease tax left unchanged
CHARLESTON — A state official says West Virginia will miss out on revenue gains from an omission on sales taxes increases approved by the Legislature. The Charleston Gazette-Mail reports Deputy Revenue Secretary Mark Muchow told lawmakers during interim meetings Tuesday a bill that raised other taxes did not increase the sales tax on long-term vehicle leases. Legislation approved in June to raise revenues for financing road bonds increased from 5 to 6 percent the state gas tax, the sales tax on motor vehicle sales and various Division of Motor Vehicles fees   Read More ...
Categories: Business | 
Tags: Taxes |  Corporate |  Enterprises |  Sales |  Taxation | 
Senate GOP intent on scrapping health mandate in tax bill
WASHINGTON — Senate Republicans are intent on scrapping the Affordable Care Act's requirement that Americans get health insurance, targeting a repeal of the individual mandate to help finance deep tax cuts in their tax overhaul. Sen. Orrin Hatch, chairman of the Finance Committee, confirmed late Tuesday he was revising the bill to include repeal of the insurance mandate "to help provide additional relief to low- and middle-income families   Read More ...
Categories: Business | 
Tags: Taxes |  Finance |  Insurance |  Taxation | 
Tax credits available from Unlimited Future
HUNTINGTON - Unlimited Future Inc. has Neighborhood Investment Program tax credits available for 2017-18 from the WV Neighborhood Investment Program. Tax credits differ from tax deductions. Individuals and businesses who contribute to NIP organizations are eligible to receive up to 50 percent of the contributed amount in the form of West Virginia state tax credits. Donors may use the credits to reduce personal income tax, business franchise tax, and corporate net income tax   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Finance |  Investments |  Credit |  Taxation |  Tax credits | 
Local business owners get details on tax reform
HUNTINGTON - Kent Queen, vice president of Kenny Queen Hardware, says he supports national tax reform, but he doesn't have many of the details to understand the impacts it could have on him and his business. "I am interested in learning more about the details of the Tax Cuts & Jobs Act," Queen said. "We have 75 employees at three locations in the Tri-State area, and I want to learn about what impact it will have on the business, as well as on our employees   Read More ...
Categories: Business | 
Tags: Taxes |  Enterprises |  Entrepreneurs |  Taxation | 
China deal sparks hope for state's economy
The national reaction to President Donald Trump's trade and investment agreement with China this week was muted, but not in West Virginia. Here, many leaders championed it as a game-changing agreement for the troubled Mountain State economy. The $250 billion overall trade package includes some new orders, extensions of business from existing Chinese customers, previously worked-out deals and planned investments. However, included in those agreements is a "memorandum of understanding" between West Virginia and the China Energy Investment Corp   Read More ...
Categories: Business | 
Tags: Economy |  Finance |  Trade |  Economics |  Investments | 
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Ohio offers amnesty period for settling unreported tax debts
COLUMBUS, Ohio — Ohio taxpayers with unreported or underreported tax debts will get an amnesty period in which they can pay a reduced amount of interest and avoid owing further penalties if they settle up. Ohio's Department of Taxation is promoting the six-week amnesty program for residents and businesses, which runs from Jan. 1 to Feb. 15. During the amnesty window, eligible taxpayers who fully pay their delinquencies will pay half the normal interest and no extra penalties   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Debts |  Taxation | 
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Office to present training on historic tax credit program
CHARLESTON - The West Virginia State Historic Preservation Office will present a training session on the Historic Rehabilitation Tax Credit program at the Charleston Planning Office, 915 Quarrier St., Charleston, at 5:30 p.m. Tuesday, Nov. 14. The program is being hosted by the Charleston Historic Landmark Commission. The session is free and open to the public. The training session will include a presentation on the changes to the tax credit program that were passed by the West Virginia Legislature in October   Read More ...
Categories: Business | 
Tags: Taxes |  Taxation |  Tax credits | 
Tax bill nixes federal historic tax credit
HUNTINGTON - The tax reform legislation being considered in the U.S. House of Representatives would more than wipe out a recent boost in West Virginia for rehabilitating historic buildings, putting development of those structures in jeopardy. The West Virginia Legislature last month voted to increase the state's historic rehabilitation tax credit from 10 to 25 percent, effective Jan. 1, 2018. That credit, combined with a 20 percent federal tax credit on qualified projects, meant that projects could receive tax credits of up to 45 percent of eligible expenditures   Read More ...
Categories: Business | 
Tags: Taxes |  Taxation |  Tax credits | 
United Way seeking help for annual tax assistance program
HUNTINGTON - United Way of the River Cities' Financial Stability Partnership is recruiting people for the 2018 Volunteer Income Tax Assistance program. VITA provides free income tax preparation for low- to middle-income families at a variety of physical locations and online during the filing season, according to a news release. Volunteers file federal and state returns electronically at no charge to the taxpayer   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Income |  Taxation | 
Huntington RCBI takes part in Startup Weekend
HUNTINGTON - The Robert C. Byrd Institute in Huntington was one of 84 locations around the world to participate in Startup Weekend the first weekend in November. "Entrepreneurs spend 54 hours over three days sharing business ideas then forming teams to development those ideas before pitching them to judges and potential investors," said Mike Friel, a spokesman for RCBI in Huntington   Read More ...
Categories: Business | 
Tags: Enterprises |  Start-ups | 
Lawsuit filed over failure of coal companies
HUNTINGTON — A Chapter 11 trustee representing a Tri-State area coal entrepreneur has filed suit against an Ohio-based bank and an affiliated insurance agency alleging the bank withheld information about the true value of the companies in an alleged effort to bamboozle him into a financial agreement that bankrupted the producer. On behalf of Dennis Ray Johnson II, the former owner of nine coal companies, the trustee filed a federal lawsuit in the Southern District of West Virginia against Peoples Bank, Peoples Insurance Agency, Great American Insurance Company of New York and bankruptcy receiver Zachary B   Read More ...
Categories: Business | 
Barboursville police blotter: Woman accused of defrauding credit card loaner
BARBOURSVILLE - The following information was provided by reports from the Barboursville Police Department: CREDIT CARD FRAUD: A woman allegedly used someone else's credit card to make more than $5,600 in purchases in various locations throughout Cabell County, although they had only agreed she would use it to pay her property taxes. The victim loaned the card to the suspect several months ago, according to an incident report filed Monday   Read More ...
Categories: Business |  Law & Crime | 
Tags: Police |  Law Enforcement |  Crimes |  Money |  Credit Cards |  Credit |  Frauds |  Law enforcement agencies | 
Monongalia Co. takes over credit card skimming case
HUNTINGTON - Charges filed in Cabell County last week against four Floridians alleging they conspired in a credit card skimmer scheme in West Virginia have been dismissed after warrants alleging similar charges were filed in Monongalia County. Meylan Montalvo-Gomez, 27; Yari Fuentes Quinones, 26; Yosan Pons Sosa, 29; and Naudi Reyes Fernandez, 36, were arrested Oct. 23 in Cabell County and charged with fraudulent use of an access device and conspiracy   Read More ...
Categories: Business | 
Tags: Money |  Credit Cards |  Credit | 
Credit card vulnerability awareness rises
HUNTINGTON - Americans now are able to get their money back pretty easily if their credit card is skimmed thanks to federal policy, but experts say many neither know that nor how to secure themselves from the risks. Over the past several years, financial services like Visa and Mastercard have begun transitioning from making cards with magnetic strips to ones with smart chips, which are more secure, and most of the cards that have since been made contain both as a way to facilitate the transition   Read More ...
Categories: Business | 
Tags: Money |  Credit Cards |  Credit | 
Beer sales, stadium store successful so far
HUNTINGTON - The addition of stadium-wide beer sales and the HerdZone Stadium Store are turning out to be successful ventures for Marshall University. As of Oct. 18, the beer sales have generated $70,948 in gross income and $66,306 in net income, Brandi Jacobs-Jones, senior vice president of operations and chief of staff, told the university's board of governors on Wednesday. Sales have increased each game, with 5,081 cans of beer being sold at the Oct   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Money |  Sales |  Income | 
Four arrested in credit card scheme
HUNTINGTON - The West Virginia State Police toppled a suspected credit card scheme Monday after tracking a group of four alleged skimmers to Huntington, according to criminal complaints. Two men called authorities Thursday about unauthorized transactions on their debit cards in Morgantown, but they still had the cards in their possession. Those calls led two West Virginia State Police troopers on an investigation that eventually would put Meylan Montalvo-Gomez, 27, Yari Fuentes Quinones, 26, Yosan Pons Sosa, 29, and Maudi Reyes Fernandez, 36, behind bars   Read More ...
Categories: Business | 
Tags: Money |  Credit Cards |  Credit | 
Huntington ready to capitalize on historic rehab tax credit
HUNTINGTON - The historic building rehabilitation tax credit increase approved by the Legislature last week won't go into effect until Jan. 1, but Huntington Mayor Steve Williams said if the date was Nov. 1 he believes at least two developers in the Jewel City would be ready to apply. Williams wouldn't go into detail on what the two projects are, but he said the tax credit increase passed by the state Legislature during its special session shoved the projects to go   Read More ...
Categories: Business | 
Tags: Taxes |  Taxation |  Tax credits | 
Index ranks WV 19th in tax competitiveness
West Virginia has the 19th most competitive tax code in the nation, according to the Tax Foundation's recently released 2018 State Business Tax Climate Index. This annual report measures how well each state's tax code is structured, analyzing over 100 tax variables in five different tax categories that include corporate taxes, individual income taxes, sales taxes, property taxes and unemployment insurance   Read More ...
Categories: Business | 
Tags: Taxes |  Taxation | 
Increased tax credits for historic buildings needed
The Morris Memorial Hospital is a beautiful historic building in Milton, West Virginia. It was built in 1936 to care and treat crippled children, and the facility served in that role through the polio era of the 1950s. In the 1960s, it became a nursing home, then closed in 2009. Although it was a longtime landmark for the community and the region, the old structure gradually fell into disrepair, and city fathers have been working for years to find a new life for the building and the pastoral acreage surrounding it   Read More ...
Categories: Business | 
Tags: Taxes |  Taxation |  Tax credits | 
621 new businesses open in WV in September
CHARLESTON - Three counties saw the most percentage growth in business registrations for September and 621 new businesses got their start statewide, according to the West Virginia Secretary of State's Office. The Secretary of State's Business & Licensing Division reported that the top three counties for business growth in September are Tucker County with 1.68 percent growth, Morgan County with 1   Read More ...
Categories: Business | 
Tags: Enterprises |  Start-ups | 
West Virginia monthly tax receipts up again from last year
CHARLESTON, W.Va. (AP) — West Virginia tax officials say collections of nearly $949 million so far this fiscal year are 3.7 percent or almost $34 million higher than the same period last year. Treasury Secretary Dave Hardy says revenues from September alone were up 3.5 percent mainly due to increases in corporate net income tax as well as severance tax receipts from coal mining and natural gas drilling   Read More ...
Categories: Business | 
Tags: Taxes |  Taxation | 
Kentucky obligated to reveal investors in company
LOUISVILLE, Ky. (AP) — Gov. Matt Bevin's administration wrongfully denied a newspaper's request for records identifying shareholders and investors in a company receiving millions of dollars in public support for a new aluminum plant, Kentucky's attorney general said. The state Cabinet for Economic Development violated open records law by refusing The Courier-Journal's request for the names of those owning shares in Braidy Industries Inc   Read More ...
Categories: Business | 
Tags: Finance |  Investments |  Investors | 
CEO of Cedar Fair to leave that position in January
SANDUSKY, Ohio — Amusement park operator Cedar Fair Entertainment says its chief executive will leave that position in January and be succeeded by the company's president. The Ohio-based amusement park chain said current CEO Matt Ouimet will vacate that position on Jan. 1 and take a new role as executive chairman of Cedar Fair's board. Richard Zimmerman will become CEO of the company headquartered in Sandusky, about 65 miles west of Cleveland   Read More ...
Categories: Business | 
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Trump to resume tax cut push in Oval Office meeting with West Virginia manufacturing industry reps
President Donald Trump's economic adviser is pushing back against the suggestion that the administration's tax plan could benefit the wealthy. (Sept. 28) WASHINGTON – President Trump will resume his push for tax cuts on Friday with an Oval Office meeting designed to highlight the manufacturing industry, including in the state of a vulnerable incumbent Democratic senator: Joe Manchin of West Virginia   Read More ...
Categories: Politics & Government |  Business | 
Tags: Taxes |  Politicians |  Manufacturing |  Taxation |  Donald John Trump | 
Places: Americas |  North America |  United States |  West Virginia | 
Local food bank awarded tax credits
HUNTINGTON - Facing Hunger Foodbank has been awarded $25,000 in tax credits from the WV Neighborhood Investment Program, according to a news release. Tax credits differ from tax deductions. Individuals and businesses who contribute to NIP organizations are eligible to receive up to 50 percent of the contributed amount in the form of West Virginia state tax credits. Donors may use the credits to reduce personal income tax, business franchise tax and corporate net income tax   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Credit |  Taxation |  Tax credits | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia | 
Big Brothers Big Sisters awarded tax credits
HUNTINGTON - Big Brothers Big Sisters of the Tri-State has been awarded $25,000 in tax credits from the WV Neighborhood Investment Program. Tax credits differ from tax deductions. Individuals and businesses who contribute to NIP organizations are eligible to receive up to 50 percent of the contributed amount in the form of West Virginia state tax credits. Donors may use the credits to reduce personal income tax, business franchise tax, and corporate net income tax   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Credit |  Taxation |  Tax credits | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia | 
Trump, GOP tax plan cuts rates, nearly doubles deduction
WASHINGTON (AP) — President Donald Trump and congressional Republicans are proposing a far-reaching plan to cut taxes for individuals and corporations, simplify the tax system and nearly double the standard deduction used by most Americans. "Too many in our country are shut out of the dynamism of the U.S. economy, which has led to the justifiable feeling that the system is rigged against hardworking Americans," says the blueprint, obtained by The Associated Press   Read More ...
Categories: Politics & Government |  Business | 
Tags: Taxes |  Politicians |  Taxation |  Donald John Trump | 
Places: North America |  United States |  South |  Atlantic |  West Virginia | 
Steve Roberts: 'Prosperity' amendment will help all West Virginians
On Oct. 7, West Virginia voters have the opportunity to influence the state's future. The Roads to Prosperity Amendment of 2017 enables our state to make positive changes that can bring real results - changes that benefit every West Virginian. This desperately needed amendment provides funds for roads that are in need of repair and an investment to construct new roads, highways and bridges   Read More ...
Categories: Business | 
Tags: Money |  Prosperity | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia | 
Sales and marketing firm N3 holding job fair Wednesday at Clay Center
Sales and marketing firm N3 will be holding a career fair in Charleston Wednesday as it seeks candidates to fill some of the 300 positions it aims to bring to its announced West Virginia Regional Technology Park location. The fair will be held from 5 to 7 p.m. at the Clay Center. N3 is presenting the event in partnership with area colleges and universities, economic development organizations and others   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Marketing |  Sales | 
Places: Americas |  North America |  United States |  West Virginia |  Charleston | 
Several groups come out in support of road bond referendum
WHITE SULPHUR SPRINGS - During this month's 81st annual Meeting and Business Summit of the West Virginia Chamber of Commerce at The Greenbrier in White Sulphur Springs, the chamber's board of directors voted unanimously to support the Roads to Prosperity Amendment of 2017. "The Roads to Prosperity Amendment of 2017 will be before the voters on Saturday, October 7," Steve Roberts, president of the West Virginia Chamber of Commerce, wrote in an email to chamber members last week   Read More ...
Categories: Politics & Government |  Business | 
Tags: Referendum |  Money |  Prosperity | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia | 
ARC announces nearly $2 million in additional investments to help coal-impacted communities
WASHINGTON - This week, the Appalachian Regional Commission announced nearly $2 million in additional awards to continue strengthening the economies of Appalachia's coal-impacted communities. According to a release from the ARC, these investments will help grow an emerging local agricultural network, develop an innovative suite of training programs to serve growing industries and provide technical assistance with strategic planning for an emerging social enterprise in Central Appalachia   Read More ...
Categories: Business | 
Tags: Finance |  Investments | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia | 
West Virginia Lottery signs new seven-year contract
CHARLESTON - The West Virginia Lottery and IGT Global Solutions Corp. have entered into a seven-year contract that will provide the West Virginia Lottery with a new traditional-lottery central system, new lottery retail and self-service customer terminals, a redundant, multi-technology communications network, a Lottery mobile convenience app and ongoing services. The contract, which is slated to start on June 28, 2018, allows for three one-year renewal options and is the result of a recent procurement process, lottery officials said in a news release   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Contracts | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia | 
Pence pushes tax overhaul at West Virginia business summit
WHITE SULPHUR SPRINGS, W.Va. (AP) — Vice President Mike Pence touched on Texas and taxes in his Wednesday address to the West Virginia Chamber of Commerce's annual business summit at the Greenbrier resort. The vice president outlined President Donald Trump's tax overhaul plan and called on Democratic Sen. Joe Manchin to support the proposal as well as Shelley Moore Capito, the Charleston Gazette-Mail reported   Read More ...
Categories: Business | 
Tags: Taxes |  Taxation | 
Places: Americas |  North America |  United States |  West Virginia |  Charleston | 
Trump says tax overhaul will 'bring back Main Street'
SPRINGFIELD, Mo. (AP) — President Donald Trump declared Wednesday that his push to overhaul the nation's tax system would "bring back Main Street by reducing the crushing tax burden," offering a populist appeal to a still-forming tax plan that would heavily benefit corporate America. Trump said his vision for re-writing the nation's tax system, one of his key campaign pledges, would unlock stronger economic growth and benefit companies and workers alike   Read More ...
Categories: Politics & Government |  Business | 
Tags: Taxes |  Politicians |  Taxation |  Donald John Trump | 
Places: North America |  United States |  South |  Atlantic |  West Virginia | 
Dave Peyton: Amazon keeps firm grip on winning formula
I met Jeff Bezos, CEO of Amazon, in 2000 when he was in Huntington to open a customer service center here. I'm not sure he was even a millionaire at the time. Amazon was primarily an online bookstore back then. Today Amazon is threatening to eat retail stores, and Bezos is a billionaire. Some say he is the richest man the world   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  Huntington | 
New business to open at Tech Park
From staff and wire reports. SOUTH CHARLESTON - A Georgia-based technology sales and marketing firm will add a location at the West Virginia Regional Technology Park that could one day employ 300 people. N3 is a technology enabled sales and marketing execution firm with offices headquartered in Atlanta, according to a news release. The company will be located in Building 2000 of the Tech Park and is planning for offices spanning 28,000 square feet over the next several years   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Marketing |  Sales | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  Atlanta |