West Virginia Wesleyan to Host Economic Impact Study

Wednesday, June 5th, 2013

West Virginia Wesleyan College will hold an Economic Impact Study on Tuesday, June 11 at 10 a.m. in the Culpepper Auditorium of the Virginia Thomas Law Center for the Performing Arts.  The Study will be presented by Dr. Tom S. Witt, director of the WVU Bureau of Business and Economic Research and chief economist at Witt Economics, LLC.

Dr. Witt will be presenting on the economic impacts associated with the operation of the College and the regional economics over the period of July 1, 2011-June 30, 2012.  The study is an update of a previous study prepared in 2005 under a contract between the West Virginia Independent Colleges and Universities, Inc. and the West Virginia University Research Corporation.  It encompasses the economic impacts associated with the institution and the expenditures of students, faculty and staff, and affiliated organizations.

Tom S. Witt, Ph.D. is the managing director and chief economist of Witt Economics, LLC.  Prior to this position, Dr. Witt was professor of economics and director at the Bureau of Business and Economics Research at West Virginia University, from which he retired in 2012.  The author of numerous research articles and monographs, he also was the principal, or co-investigator, on over $6 million in sponsored research at WVU.  He has served as a consultant to West Virginia state agencies including the Legislature, Governor’s Office, Department of Education, Division of Highways, and Department of Revenue, among others.  He has also served as a consultant to Charleston Area Medical Center, Columbia Gas, The Greenbrier Hotel, West Virginia, Charles Town Horsemen’s Benevolent and Protective Associations, and other.  Dr. Witt received his B.A. degree in economics from Oklahoma State University and his M.A. and Ph.D. in economics from Washington University (St. Louis).  He is a member of the American Economics Associations and the National Association for Business Economics.

The event is free and open to the public.