The natural resource for business

  
  

General Information

Location – Roane Co., West Virginia

Size of county – 486.2 Square Miles

Average Elevation – 840 Ft.

Population – 

1990 – 15,120

1997 – 15,313

2000 – 15,446


Transportation

Highways serving the areas: - U.S. 33, US 119, US 36, SR 14

Distance to nearest interstates – 20 miles to I-77 at Ripley, I-79 at Amma – Roane County


Motor Freight Carriers

33 carriers serve the area

Waterways – Nearest navigable waterways – Ohio River, 36 miles


Airlines Service

Nearest Airport – Slate Run

Roane County/Boggs Airport Under Construction – 4800’


Commercial Service

Yeager Airport, Charleston (55 miles)

US AIR, United Express, Delta


Demographics

1990 Population – 15,120

2000 Population – 15,446

Median Age 2000 – 39.5

Median Household Income - $23,846


Labor Forces

Year Work
2001
2000
1999
1998
Force
6240
6490
6290
6330
Unemployment
9.5 %
12.5 %
12.4 %
11.3 %


Population by Age Group

Total Pop. – 15,446

Sex & Age
Male - 7,645
Female - 7,801
Under 5 Years - 883
5 to 9 years - 918
10 to 14 years - 1,071
15 to 19 years - 1,157
20 to 24 years - 928
25 to 34 years - 1,809
35 to 44 years - 2,306
45 to 54 years - 2,343
55 to 59 years - 916
60 to 64 - 833
65 to 74 years - 1,252
75 to 84 years - 770
85 years & over - 260

Median Age (years)

18+ years - 11,834
Male - 5,795
Female - 6,039

21+ years - 11,232
62+ years - 2,758
65+ years - 2,282
Male – 966
Female – 1,316
100 %


49.5 %
50.5 %
5.7 %
5.9 %
6.9 %
7.5 %
6.0 %
11.7 %
14.9 %
15.2 %
5.9 %
5.4 %
8.1 %
5.0 %
1.7 %

39.5

76.6 %
37.5 %
39.1 %

72.7 %
18.0 %
14.8 %
6.3 %
8.5 %

Ecomic Indicators

Median Household Income - $23,846

Total Personal Income 1996 - $207,000,000


Employment & Wage covered by Unemployment Compensation Programs

Employment, Annual Average 1997 – 3,650

Total Wages, Annual Average 1997 - $19,622

Weekly Wages, Annual Average 1997 - $377.30


Tax Information

Spencer Corp.

Class I - .002855

Class II - .005710

Class IV - .011420 Reedy Corp.

Class I - .0027805

Class II - .005561

Class IV - .011122

Rest of County

Class I - .002230

Class II - .004460

Class IV - .008920 (Property tax calculated on 60% of assessed value. Class I – intangible property; Class II & IV – non residential property & Personal Property) Multiply rates x2 for a full year.

Unemployment compensation Tax Rate

New Employers – 2.7% (First 36 months)

Experienced Employers – 1.5-8.5%

Wage Base – First $8,000,000

State Corporate Income Tax

Rate – 9.0% Multi-state corporations are required to allocate certain non-business income to West Virginia and apportion their remaining income based on a three-point factor formula which includes double weighed sales property and payroll factors.


Business & Industry Utilities

Electric Service

Electric Power Supplier – Allegheny Power Co, American Electric Power

Natural Gas Supplier – Consumers Gas, Mountaineer Gas

Water Service

Supplier – Spencer Waterworks

Storage Capacity – 2,295,000 gallons

Peak Load – 1,500,000 GPD Waste Water Treatment

Design Flow – 750,000 Gallons



Buildings & Sites


Roane/Spencer

Industrial Building #1

Total Sq. Ft. -

50,000

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Spencer

Veneer Plant #2

Total Sq. Ft. -

101,864

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Affiliations