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The Eastern Panhandle Economic Outlook: 2021-2025, Brian Lego, John Deskins
The Eastern Panhandle Economic Outlook: 2021-2025, Brian Lego, John Deskins
Bureau of Business & Economic Research
West Virginia’s Eastern Panhandle (EPH) has ranked as the state’s strongest economic region for a decade, with employment and other major indicators pointing to underlying strength in the EPH economy compared to West Virginia. The COVID-19 pandemic has hurt the EPH’s economy and will weigh on growth over the next few months, but the area should snap back by late-2021. In this report, we present a detailed discussion of the current state of the EPH economy along with our forecast for the likely path of economic activity over the next five years.
Identifying Industrial Clusters For Targeted Economic Development In West Virginia, Eric Bowen, John Deskins
Identifying Industrial Clusters For Targeted Economic Development In West Virginia, Eric Bowen, John Deskins
Bureau of Business & Economic Research
In this report, we identify the industry clusters that are present in West Virginia’s metropolitan regions and provide tools to assess the most promising clusters for economic development targeting. This type of cluster analysis has become an important way for regions to understand their local economic structure and more effectively develop strategies to promote economic growth.
North Central West Virginia Economic Outlook 2021-2025, Brian Lego, John Deskins
North Central West Virginia Economic Outlook 2021-2025, Brian Lego, John Deskins
Bureau of Business & Economic Research
North Central West Virginia has been one of the state’s strongest and steadiest economic regions for the past decade or so. The four-county area did lose some jobs during 2019, but those losses were tied to court-ordered delays of pipeline construction projects and layoffs at a large manufacturer rather than a deterioration in the area’s underlying economic fundamentals. Despite the region’s solid economic foundation, the COVID-19 pandemic did strike a major blow to the region’s economy in early-2020 and continues to affect the area to this day. In this report, we present a detailed discussion of North Central West Virginia’s …
Wheeling Area Economic Outlook: 2021-2025, Brian Lego, John Deskins
Wheeling Area Economic Outlook: 2021-2025, Brian Lego, John Deskins
Bureau of Business & Economic Research
The Wheeling Area economy has seen large swings in economic activity over the past several years. Surging energy production and massive increases in pipeline construction activity fueled strong economic growth during 2017 and 2018. By contrast, the completion of pipeline projects and two large hospital closures weighed on area payrolls in 2019 before the COVID-19 pandemic dealt the regional economy a major blow in early-2020. In this report, we present a detailed discussion of the Wheeling Area economy along with our forecast for regional economic conditions for the next five years.
Economic Impact Of Downstream Gas Development In West Virginia, Eric Bowen
Economic Impact Of Downstream Gas Development In West Virginia, Eric Bowen
Bureau of Business & Economic Research
Downstream gas development has the potential to provide significant economic value if West Virginia can capture this development within its borders. In this report, we explore the potential impact of downstream natural gas industries on the West Virginia economy. To estimate the economic impact of downstream natural gas development, we take a two-pronged approach. First, we identify those industries nationally that require large amounts of natural gas in their production process. We then choose three of these industries that have the greatest potential for development within West Virginia. Second, we estimate the economic impact of a typical establishment in each …
Regional Industry Cluster Analysis For The Potomac Highlands Region Of West Virginia, Jing Chen, Randall Jackson
Regional Industry Cluster Analysis For The Potomac Highlands Region Of West Virginia, Jing Chen, Randall Jackson
Bureau of Business & Economic Research
Industry clusters are defined as “a form of network that occurs within a geographical location, in which the proximity of firms and institutions ensures certain forms of commonality and increases the frequency and impact of interactions.”1 In this report we identify existing industrial clusters for the Potomac Highlands region in West Virginia and examine potential industries or clusters for economic development. The primary objective of this study is to use a variety of tools to analyze the industry cluster structure for Potomac Highlands and evaluate the strengths and gaps of existing industry clusters. Our cluster analysis comprises three parts: (1) …
An Economic Profile Of The Potomac Highlands Region In West Virginia, Eric Bowen, Christiadi, Brian Lego
An Economic Profile Of The Potomac Highlands Region In West Virginia, Eric Bowen, Christiadi, Brian Lego
Bureau of Business & Economic Research
West Virginia’s Potomac Highlands region—consisting of Grant, Hardy, Hampshire, Mineral, and Pendleton counties—experienced a significant economic disruption in 2015 when the Sugar Grove Naval Station closed its doors. The Naval Station, which was designed to monitor communications transmissions for the military and National Security Agency, made a significant contribution to the Pendleton County economy, and to the broader Potomac Highlands region. This study is part of a series of reports from West Virginia University researchers at the Bureau of Business and Economic Research, the Regional Research Institute, and the Brownfields Assistance Center that evaluate the Potomac Highlands region’s economy and …
Potomac Highlands Workforce And Education Assessment, Christiadi, Eric Bowen
Potomac Highlands Workforce And Education Assessment, Christiadi, Eric Bowen
Bureau of Business & Economic Research
Human capital is a crucial element of any regional economic growth plan, as companies looking to locate or grow in a region require a skilled workforce to meet the demands of their businesses. In this report, we examine human capital in the Potomac Highlands region, focusing on occupational and educational requirements to support the region’s growth over the next five years.
An Action Plan For Economic Prosperity In The Potomac Highlands Region Of West Virginia, Eric Bowen, Patrick Kirby, Monica Miller
An Action Plan For Economic Prosperity In The Potomac Highlands Region Of West Virginia, Eric Bowen, Patrick Kirby, Monica Miller
Bureau of Business & Economic Research
In this final report, we summarize our findings and provide a Strategic Action Plan for the Potomac Highlands region. First, we assess the previous strategic plans covering the region, followed by an analysis of interviews the project team conducted with dozens of employers and other leaders in the community. Lastly, we make our recommendations to enhance the Potomac Highlands region’s economic prosperity.
An Action Plan For Economic Prosperity In The Potomac Highlands Region Of West Virginia: Executive Summary, Eric Bowen, Patrick Kirby, Monica Miller
An Action Plan For Economic Prosperity In The Potomac Highlands Region Of West Virginia: Executive Summary, Eric Bowen, Patrick Kirby, Monica Miller
Bureau of Business & Economic Research
As a result of the closure of the Sugar Grove base, the Pendleton County Commission, in coordination with the Region 8 Planning and Development Council, engaged researchers at West Virginia University to develop a Strategic Action Plan to promote the economic development in the Potomac Highlands Region. The development of the Strategic Action Plan was completed through a four-pronged approach with the completion of: (1) an economic impact analysis of the Sugar Grove Naval Base closure and economic profile of the region; (2) a cluster analysis that made recommendations for industrial targeting based on an assessment of existing economic conditions …