West Virginia Executive Fall 2018 | Page 74

SAMANTHA CART The I-79 Technology Park in Fairmont, WV. Photo by Sherry Carr/High Technology Foundation. Anchored in the Mountain State West Virginia’s High Technology Foundation is focused on creating economic diversification by building up the state’s knowledge sector with the addition of companies like Leidos, a high-tech giant with operations in Fairmont, Clarksburg and Morgantown that is generating new work, new jobs and new opportunities in the Mountain State. For years, community and state leaders, economic analysts and higher education officials have been calling for West Virginia to diversify its economy. While the Mountain State has long relied on the mineral extraction industry to employ its people and sustain its budget, it is obvious the national and global economies are moving toward the knowledge sector—a trend that weighs heavily on states that depend on a limited range of industries. “West Virginia needs to be diversified in such a way that it will allow the state to participate meaningfully in the national economy,” says Jim Estep, president and CEO of the High Technology Foundation. “The goal should be to position West Virginia to play a bigger role in the growing knowledge sector.” 72 WEST VIRGINIA EXECUTIVE All Hands on Deck The High Technology Foundation’s strategy for diversify- ing the state’s economy is known as the federal anchor model, which involves recruiting federal operations, or anchors, to the region in the hopes of establishing a competitive new business sector. “Most companies in the knowledge sector are attracted to those areas that have a workforce with a high educational attainment,” says Estep. “This is a problem because for as long as I can remember West Virginia has been ranked 50th in educational attainment. This is not because West Virginians are stupid or don’t want to go to school. We have been so undiversi- fied and focused on coal that the workforce requirements have