Impact Studies

Economic Impact Studies

Appalachian Agricultural Exposition Center Economic Impact Study   
by Terance J. Rephann
July 2014

This study examines the economic impacts of a proposed Appalachian Agricultural Exposition Center to be located in northeastern Wythe County, Virginia.  The facility is expected to host a variety of shows and events including equestrian activities, livestock events, sports competitions, and entertainment and consumer shows.  Economic impacts are described by the source of the impact including: (a) construction period impacts, (b) impacts attributable to facility operations, and (c) impacts attributable to visitor spending on county goods and services such as meals, lodging, gifts, etc. Other potential benefits of the center are also discussed, organized into the areas of health and wellness, workforce development, agricultural and industrial promotion, and community engagement.

The study is available online.

 


 

Agriculture in Fauquier County: Characteristics, Trends, and Economic Impacts 
by Terance J. Rephann
June 2014

This study describes the agricultural sector in Fauquier County and gauges the contribution that it makes to the county economy. The study takes a comprehensive approach to measuring the economic contribution of agriculture. Not only does it gauge the economic impact of agriculture sales, but also it looks at the role of closely related value-added industries such as wine and animal slaughtering and processing. In addition, the economic impacts of visitor expenditures connected to farms, wineries and horse shows and competitions are counted. These economic impacts are broken out by source so that the reader can evaluate the relative importance of each component. In addition, the study discusses other economic benefits that result from Fauquier County agriculture.

The study is available online.


Study of the Economic Impact of Virginia Public Higher Education: 2013 Update  
Terance J. Rephann
September 2013

This study examines the effect of the public higher education sector on Virginia's economy.  It is an update of a study conducted four years ago.  The study is based on new information made available since the last study and contains some methodological refinements and utilizes new Virginia-specific data sources to further improve the accuracy of the results.  The study provides a full accounting of the current flow of economic activity in Virginia that can be directly tied to the expenditures and educational activities of publicly supported institutions of higher education.  Economic effects for the first two components are measured using REMI PI+.  Outputs of the model include calculation of the amount of Virginia gross domestic product, personal income, industrial output, employment, and state revenues attributable to public higher education.

 

The study is available online.


 

The Economic Impacts of Agriculture and Forest Industries in Virginia  
by Terance J. Rephann
August 2013

This study describes the contribution of the agriculture and forestry industries to Virginia's economy.  It makes use of input-output analysis to identify agriculture and forestry backward and forward linkages to other industries and institutions.  It also provides separate estimates of agriculture and forest impacts, impacts by industry groupings arranged by level of dependency on raw materials originating within the state, and impacts by locality.

The study is available online.

 


Agriculture in Virginia Beach: Impact on the City Economy   
by Terance J. Rephann
January 2012

This study describes the agricultural sector in Virginia Beach and gauges the contribution that it makes to the city economy.  Although the industry and agricultural land base has shrunk considerably over the last 40 years, it began to stabilize in the last 15 years with expanded local land use regulations and land preservation efforts. Moreover, it has transformed from a reliance on large hog concentrated animal feeding operations to crop production. Local food markets, the horse industry and agritourism are rapidly growing market niches. The study takes a comprehensive approach to measuring the economic contribution of the sector, examining not only at the economic contribution of agriculture sales but the contribution of these growing niches. The study uses a methodology (input-output analysis) and a software tool (IMPLAN) that have been used often in agricultural impact analysis. The methodology accounts not only for the direct spending attributable to agricultural and farm-related activity such as agritourism but for indirect spending attributable to linkages in the supply chain.  Results indicate that the Virginia Beach agricultural sector accounts for 820 jobs and over $60 million in sales in the city.

 

The study is available online.


 

The Economic Impact of the Horse Industry in Virginia   
by Terance J. Rephann
March 2011

Virginia’s horse industry encompasses a variety of activities from breeding, training and boarding to recreational pursuits such as racing, showing and other competitions. Over the past several decades, the intensity, scale and scope of these activities have increased rapidly in Virginia. Horse ownership has become more popular and venues offering opportunities for racing, showing and trail riding have spread across the commonwealth. As a result, the horse industry has come to play a more visible role not only in agriculture but tourism and recreation as well. The spending in these sectors, in turn, supports numerous other industries.

The study is available online.

 


Economic Impacts of the University of Virginia Cancer Center and Expanded State Support
by Terance J. Rephann
March 2011

This study examines the economic impact of the University of Virginia Cancer Center and of a proposed state funding increase of $5 million each year. These funds would be used for expanding clinical trials, improving translational research, and augmenting outreach activities, particularly in the Southwest region of Virginia. In addition to improving citizen health and technology transfer, the funds will move the Center towards National Cancer Institute (NCI) Comprehensive Cancer Center status. This designation would bring additional funding from the NCI and other public and private sources.

The study is available online.


 

Economic Impacts of Proposed State Government FY2011-FY2012 Budget Reductions in Education, Health, and Human Services for the Commonwealth of Virginia   
by Terance J. Rephann
April 2010

This report examines the economic impacts of FY 2011-2012 biennial state budget changes for the areas of health and human services and education.  Economic impacts are computed for several different budget scenarios, including budgets proposed by former Governor Tim Kaine, the House of Delegates, the Senate, and a House-Senate budget conference committee agreement approved on March 13, 2010.  The Commonwealth Institute for Fiscal Analysis provided information on Virginia budget spending reductions by major category and budgeting governmental body.  These spending reductions were converted to variable inputs for use in a REMI PI+ (Regional Economic Models, Inc. Policy Insight Plus) model calibrated for Virginia.  Economic impact results are reported in terms of employment by major industry, gross domestic product, and personal income.

The study is available online.


 

Study of the Economic Impact of Virginia Public Higher Education   
by John L. Knapp, Terance J. Rephann, William M. Shobe
December 2009

This study examines the effect of the public higher education sector on Virginia’s economy. The study consists of three distinct parts. The first part consists of a full accounting of the current flow of economic activity in Virginia that can be directly tied to the expenditures and activities of publicly supported institutions of higher education. The second part is a forecast of the additional economic impact of a policy initiative to increase the number of undergraduate and graduate degrees by Virginia public institutions by 70,000 over the period 2010 to 2020. The third part is an evaluation of a broader set of economic and social benefits generated by the public higher education sector, including enhancements to graduates’ life circumstances such as improved health, community benefits such as reduced crime, and economic benefits that stem from industrial attraction, entrepreneurial activity, innovation, and workforce development.

The study is available online.

 


 

The Economic Impact of Agriculture and Forestry on the Commonwealth of Virginia
by Terance J. Rephann
69 pp.
September 2008

This study examines the economic impact of the the agriculture and forestry industries in Virginia on the economy of Virginia. The complete study as well as an eleven-page summary are available as a pdf on the web.



The Economic Impact of the University of Virginia: How a Major Research University Affects the Local and State Economies
by John L. Knapp and William M. Shobe
86 pp.
June 2007

This study examines the economic impact of the University of Virginia on both the local and state economies. It includes statistics and an analysis of the impact on the local Charlottesville-Albemarle area, and a chapter describing the economic value of research institutions like the University to the local and state economies.

PDFs are available for the complete study, a synopsis of the study, and the press briefing. The site of the news release is also availabie.


The Virginia Horse Center's Economic Impact in 2004 (an Update of the 2001 Study)
by John L. Knapp
17 pp.
(January 2005)


This study updates the original study of the economic impact of the Virginia Horse Center on both the Lexington-Rockbridge area and the Commonwealth, extending the analysis into 2004. and it includes such measures as direct and total output, number of jobs created, state and local tax impact, and the significance of out-of-state participants.

The update is available on the web.



Monticello's Economic Impact On The Charlottesville-Albemarle Area

by John L. Knapp, Ph.D and Catherine E. Barchers
35 pp.
(December 2001) $12.50

The study, the first detailed assessment of the dollar magnitude of Monticello's impact, was conducted for the Thomas Jefferson Foundation, which owns and operates the only American house on the United Nations World Heritage list. It is also available on the web as a full study, a four-page summary, and a PowerPoint presentation. To order a text copy, visit our ordering information page.



The Virginia Horse Center's Economic Impact
by John L. Knapp and Catherine E. Barchers
34 pp.
(July 2001)

This study examines the economic impact of the Center on both the Lexington-Rockbridge area and the Commonwealth, and it includes such measures as direct and total output, number of jobs created, state and local tax impact, and the significance of out-of-state participants.

To request a single printed copy please send a self-addressed stamped letter-size manila envelope with $1.26 in postage to:
Virginia Horse Center
P.O. Box 1051
Lexington, VA 24450

To request multiple copies, please call the Virginia Horse Center at (540) 463-2194.

The complete study and a PowerPoint presentation are also available on the web.