The COVID-19 pandemic forced ordinary Americans—not just economists, manufacturers and businesspeople—to consider and confront the country’s supply chains. Even now, two years after the onset of the pandemic, walking the aisles of a supermarket can reveal bare shelves and empty spaces where certain products should be. As a result, more and more people want to know where their merchandise comes from.
In 2020, while the world was reacting to the global COVID-19 pandemic, West Virginia was simultaneously responding to its own ongoing epidemic: widespread substance use disorder (SUD) and subsequent overdose deaths.
Amid a serious labor shortage, global pandemic, population decline, high unemployment numbers and low labor force participation rates, there are many challenges looming over the hills of West Virginia to prepare and retain a qualified workforce.
To achieve greatness, society relies on individuals who are willing to inspire change and movement toward a better vision. These changemakers can be found across the country, and West Virginia is no exception. In fact, many young professionals promote success and prosperity in the marvelous Mountain State. West Virginia Executive (WVE) magazine works to illuminate these incredible individuals by recognizing 10 remarkable leaders with its Young Guns honors program each year.
Over 1 million new businesses will be started in the U.S. by the end of 2021. Of these, over half will end up failing within 10 years. A few reasons for failure include a lack of capital, insufficient management, vague business planning or fiscal irresponsibility. Many of these failure-fueling issues can be averted through proper education, support and planning. Countless resources are available for startups to help them create a strong foundation to begin their venture, giving them a better opportunity for success.
Across West Virginia, a simple idea has taken root. For the Mountain State to become a place where startup companies and innovators thrive, entrepreneurship must be taught at every level of the education system and supported by state and local government and the business community at large.