WV Center on Budget and Policy > Publications > Economic Development > Creating an Economic Diversification Trust Fund

Creating an Economic Diversification Trust Fund

January 30, 2012 by and

As one of the least economically diverse states in the nation, West Virginia relies heavily on its natural resources for revenue. Funds from these resources fluctuate and, one day, will be gone. As the Marcellus “Gold Rush” comes to West Virginia, it is time for policymakers to consider establishing a permanent mineral trust fund in West Virginia, similar to what six other states have done. “Creating an Economic Diversification Fund: Turning Nonrenewable Natural Resources into Sustainable Wealth for West Virginia” highlights the benefits that such funds have brought to other states and how one could benefit West Virginia. Read