WV HB4001

Creates TEAM-WV as a non-stock, nonprofit corporation to promote economic development, job creation, job retention, job training, and business recruitment in West Virginia

Establishes a nine-member board of directors including three ex-officio members (presidents of WVU and Marshall University, and WV Investment Management Board Executive Director) plus six members nominated by the board and appointed by the Governor with Senate confirmation for six-year terms

Authorizes the Secretary of Commerce to contract with TEAM-WV to assist with department functions, with initial contracts limited to two years followed by five-year terms; the corporation cannot directly approve awards involving public money or execute incentive contracts

Transfers the state's spirits distribution and merchandising operations (enterprise acquisition project) to TEAM-WV for a minimum transfer price of $30 million annually paid in monthly installments

Requires annual financial audits, annual reports to the Governor and legislative leaders, and establishes conflict of interest policies, ethics requirements, and anti-bribery provisions for directors and employees