WASHINGTON, D.C. – Recently, Senator Capito reintroduced the CORE Act, which is an act that is designed to create new economic development throughout the State of West Virginia.
The CORE Act expands a new market tax credit, which will bring investors into West Virginia.
Investors will complete projects to help with downtown revitalization, which could include an expansion of hospitals and schools.
Capito mentioned that, in-and-around Martinsburg, some buildings have already been repurposed with the new market tax credit, so an expansion of that will just touch more areas of the Eastern Panhandle.
It will give the state the ability to access money from private investors to watch public dollars in an effort to revitalize the economy.
"I think the key to West Virginia success is job creation, and that requires investment. We need to find a way to attract dollars into our projects in the Eastern Panhandle and across the state,” said West Virginia Senator, Shelley Moore Capito.
Senator Capito said she hopes that bringing more jobs into the Eastern Panhandle will help alleviate some of the drug problem.