Mountain State Business Index - August 2014 - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Mountain State Business Index - August 2014

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  • Wayne Lumber sawmill faces $85K penalty for OSHA safety and health violations

    Wayne Lumber sawmill faces $85K penalty for OSHA safety and health violations

    Monday, September 15 2014 11:07 AM EDT2014-09-15 15:07:16 GMT
    Wayne Lumber and Mulch Inc. faces $85,080 in proposed penalties for safety and health hazards at its sawmill in Wayne, West Virginia following two investigations by the U.S. Department of Labor's Occupational Safety and Health Administration.
    Wayne Lumber and Mulch Inc. faces $85,080 in proposed penalties for safety and health hazards at its sawmill in Wayne, West Virginia following two investigations by the U.S. Department of Labor's Occupational Safety and Health Administration.
  • ASBDC to honor small business coach

    ASBDC to honor small business coach

    Sunday, September 14 2014 4:00 PM EDT2014-09-14 20:00:15 GMT
    America's Small Business Development Centers recently announced James Epling has been selected as the West Virginia 2014 State Star. The ASBDC State Star honors outstanding employees from Small Business Development Centers.
    America's Small Business Development Centers recently announced James Epling has been selected as the West Virginia 2014 State Star. The ASBDC State Star honors outstanding employees from Small Business Development Centers.

  • Frontier, Dish to award small towns

    Frontier, Dish to award small towns

    Sunday, September 14 2014 3:00 PM EDT2014-09-14 19:00:16 GMT
    Frontier Communications will help revitalize small towns through “America's Best Communities,” an $8.5 million, nationwide prize competition.
    Frontier Communications will help revitalize small towns through “America's Best Communities,” an $8.5 million, nationwide prize competition.

The Mountain State Business Index (MSBI) goal is to provide a in depth look into West Virginia's economic status.

Each index is comprised of several individual indicators that are used to characterize a particular aspect of the state's economy. The variables comprising the MSBI are: building permits authorized for single-family homes; average initial unemployment insurance claims; a stock index of West Virginia's largest publicly-traded employers; the spread between long-term and short-term interest rates (also known as the yield curve); the state real trade-weighted dollar exchange rate; statewide coal production; and statewide natural gas production.

The Mountain State Business Index is calculated every month. It is produced by West Virginia University College of Business and Economics with John Deskins as Director.

Deskins: “We are very encouraged to see the streak of strong growth in the index that emerged early in the summer continue through August. This consistent growth provides us with even more confidence that our state's economy will at least be stable, and may accelerate, through the latter parts of the year.”