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Article: Analysis finds shifting economy will lead to growth in Preston County
- Article from:
- The State Journal
- Article date:
- August 9, 1999
- Author:
CopyrightCopyright State Journal Corporation Aug 09, 1999. Provided by ProQuest LLC. (Hide copyright information)
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KINGWOOD - According to an economic analysis by West Virginia University, Preston County is poised for growth in the next five years.
Leading that expansion, analysts say, is a shift from dependence upon coal to a more varied economy emphasizing manufacturing and the timber industry.
Another factor will be a new federal prison to be built in the county near Bruceton Mills.
"If the U.S. economy avoids recession during the 1998-2003 period, the forecast calls for the [Preston] County economy to rebound strongly, with job growth expected to exceed the state average growth rate," said Dr. George Hammond, research assistant Professor at the West Virginia University Bureau of Business and ...