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$83.7 billion energy investment boosts state, WVU on world stage

West Virginia’s presence on the world energy stage jumped significantly Thursday (Nov. 9) as China Energy Investment Corp. Ltd., one of the world’s largest energy companies and a long-time research and development partner of West Virginia University, announced an agreement that will bring $83.7 billion to the state.

“This investment by China Energy is the culmination of years of relationship building, both by West Virginia University and the state,” WVU President Gordon Gee said. “It is also an excellent example of the possibilities that we have been discussing within the West Virginia Forward initiative with our partners at the state Department of Commerce and Marshall University.

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Summary of findings released

West Virginia’s economy is in transition, and it will take a collaborative effort by business, government and academia to ensure revitalization instead of stagnation, leaders from all three areas said today in releasing a summary of findings of a study entitled "West Virginia Forward: Maximizing our Opportunities for Prosperity."

WVU, Marshall, Commerce summarize collaborative effort to move state forward, The Register-Herald

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Next Steps

Our next steps include asking each stakeholder to undertake projects to implement our recommendations. With our partners, the Commerce Department and Marshall University, we are in the final stages of executing a Memorandum of Understanding that formalizes the partnership through commitments from each, outlining specific actions and dedicating resources. Teams have been in preliminary discussions, and implementation meetings will start in September. We will be reaching out to experts across the state to work together as we move forward.

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