Would you rather live in Isle of Wight or Warrosquyoake county? Either way, you'll have to watch your spelling... but then, it's a small mind that can only spell a word only one way. And the English settled an area where the natives had no written language, so the "correct" spelling of the original place names will always be subject to interpretation.
Warrosquyoake was created as one of the first eight shires in 1634, and renamed in 1637. The original Native American living tribe there was expelled after the war of 1622, and the new settlers from England were fond of the area from which many of them emigrated. In England, Isle of Wight today is a resort area in the English Channel.
The largest industry in Isle of Wight County was the International Paper mill, next to the City of Franklin. The company closed its sawmill in 2009, and closed the paper mill in 2010. The closures left 1,100 people out of work. However, almost 300 were re-employed in 2013 when the sawmill opened under new ownership and the paper mill began producing "fluff pulp" for diapers and wipes.1
1. "Port of Virginia awards $500,000 grant to International Paper," Hampton Roads Business Journal, May 21, 2014, http://insidebiz.com/node/394741; "Franklin Lumber to reopen International Paper, create 72 jobs," Newport News Daily Press, June 21, 2013, http://articles.dailypress.com/2013-06-21/news/dp-nws-iw-company-reopening-international-paper-sa-20130621_1_wight-paper-mill-international-paper-wight-board (last checked May 26, 2014)