WCHS Eyewitness News Home Charleston Eyewitness Newsroom Charleston Storm Team Weather Sports News TV Program Schedule Community Mobile: Smartphone,Tablet and SMS text Get Connected SMS Text Facebook Twitter See-It,Shoot-It RSS News Feed Email List Tumblr


Economic Impact of Water Crisis Estimated At Millions

Reported: Feb. 4, 2014 4:01 PM EST
Updated: Feb. 4, 2014 4:20 PM EST
News Image

HUNTINGTON, W.Va -- The West Virginia water crisis has had a multimillion impact on economic output in the nine affected counties and affected thousands of workers, according to a Marshall University investigation.

The MU Center for Business and Economic Research said in a news release on Tuesday that it estimates the impact on economic output to be more than $19 million for each business day the do-not-use-the-water ban was fully in place (not including any multiplier effects). The center said this amounts to about 24 percent of the economic activity of the affected area.

Over the four days immediately following the ban, the total affected output is estimated to be about $61 million, including two business and two weekend days. Additional output was affected in the days following, as some areas were still unable to use water, but this impact was not included.

The center said the estimate includes affected output at establishments where clean water is an essential component of services or a vital input to production, such as schools, medical offices, restaurants, hotels and some retail. Establishments in some industries, such as hospitals and nursing homes, continued operating, but had to use alternate water sources. Many of the affected retail establishments are likely to have seen deferred sales and "thus recover all or a portion of lost revenues." The center said state and local government and industries such as mining and construction, which were not directly affected by the ban, were assumed to be unaffected.

Meanwhile, the number of affected workers is estimated to have been nearly 75,000 for each business day the ban was fully in place, representing about 41 percent of area workers, the center said.



MORE NEWS FROM EYEWITNESS NEWS
State Fire Marshals Say Smoldering Cigarette Ignited Couch, Causing Fatal St. Albans Fire
News
Jul. 30, 2014 6:41 PM EDT
State fire marshals said a smoldering cigarette ignited ...
Full News Story and Video

It's Never Too Late For Adults To Learn To Swim
News
Jul. 30, 2014 7:18 PM EDT
More than one third of adults can’t swim. Eyewitness ...
Full News Story and Video




Advertise on WCHS-TV Online

West Virginia News
2 dead following house fire in W.Va.

The State Fire Marshal's Office says "careless smoking" caused a house fire in St. Albans that left two people dead.
Full Story

Kentucky News
Stars Above Me wins Coronation Cup at Saratoga

Favored Stars Above Me burst through an opening along the rail in mid-stretch and pulled away for a 2 1/4-length victory Wednesday in the $100,000 Coronation Cup at Saratoga Race Course.
Full Story

Ohio News
Opponents press Snyder to cancel prison contract

Opponents are pressing Gov. Rick Snyder's administration to cancel the state's contract with a company that provides food in the prison system.
Full Story







Fugitive Files Tuesdays at 6 PM on Eyewitness News

West Virginia Wildlife Wednesdays at 6 PM on Eyewitness News

ABC News web site







Send Mail Send email to news@wchstv.com for information or comments concerning WCHS-TV Eyewitness News.
Copyright ©2014, WCHS-TV8. Portions are Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or distributed.

WCHS ABC 8 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Charleston and nearby towns and communities in the Tri-State area, including Huntington, Dunbar, Marmet, Montgomery, Nitro, South Charleston, St. Albans, Cedar Grove, Chesapeake, Clendenin, East Bank, Glasgow, Pratt, Cross Lanes, Elkview, Pinch, Sissonville, Big Chimney, Cabin Creek, Chelyan, Davis Creek, Institute, Jefferson, Loudendale, Mink Shoals, Pocatalico, Quick, Quincy, Rand, Buffalo, Eleanor, Hurricane, Nitro, Poca, Winfield, Culloden, Fraziers Bottom, Hometown, Red House, Scott Depot, Teays Valley, Danville, Madison, Hamlin, Logan, Chapmanville, Man, Delbarton, Kermit, Gilbert, Matewan, Williamson, Summersville, Richwood, Flatwoods, Gassaway, Sutton, Spencer, Ravenswood, Ripley, Mason, Point Pleasant, Ashland, Pikeville, Ironton, Portsmouth, Gallipolis, and Athens.