West Virginia Chosen for the Hyperloop Certification CenterOctober 18, 2020
We have previously mentioned that Virgin Hyperloop One (VHO) was considering West Virginia as one of its best shots for setting up their Hyperloop Certification Center.
On October 8th VHO announced that they had established a partnership with the Mountain State. The argumentation behind this step was all about creating 13 000 quality jobs which would subsequently result in bringing the region to the forefront when it comes to new technologies and innovations. VHO strongly believes that this agreement will greatly benefit all citizens of West Virginia. They base their hopes on a paper published by both the Harvard Kennedy School and Kellogg School of Management. The paper states that investing in innovative sectors helps with generating more social than private returns, therefore making this system more valuable for the society.
Another driving force behind this decision was the determination of the inhabitants. Engineers were setting up meetings with Gov. Jim Justice and other state government officials. Stakeholders were meeting with senators and university students have started coming up with ideas and got engaged in the project.
Both John Chambers and Richard Branson, founder of Virgin Group, also referred to the current situation:
“In these last weeks, we’ve seen a terrible number of job losses in the private sector. Industries that were once slowly fading have been thrust into the spotlight, and digital acceleration is happening at a speed we haven’t seen since the Internet Age. In this environment, risk looks different. It is clear that it is risky not to invest in new technologies like hyperloop because the future of legacy industries is uncertain.”
They were impressed with West Virginia and its ability to inspire hope for what is possible. The state is betting on start-ups and induces advancements in research and development. Both parties believe to be the real winners here.