Wingate University's School of Business offers a 400-level Economic Impact Analysis course. Some of the most recent projects to come from that class are provided below.
The Union County Public School (UCPS) system is most commonly cited for the academic, athletic and artistic achievements of its students. This study looks at UCPS through the lens of the local economy. At the end of 2021, it was the largest employer in the county. The approximately 5,000 faculty and staff served around 40,200 students at 53 campuses. Enrollment grew by 27% in the fifteen years from 2006 to 2021, which driving construction at multiple sites.
Since the construction of the Monroe Bypass, there has been community speculation on what will be built on the vacant land around it. While many acres are turning into residential neighborhoods, other properties may be used for business. One consideration is how a new business or industry would interact with the existing economic structure.
In spring of 2021, students in Wingate’s Economic Impact Analysis class partnered with staff at the Council on Aging in Union County. This non-profit organization helps seniors ease the problems associated with aging and remain in their homes.
Job losses can spike during a pandemic. While the US unemployment rate has fallen since the 2020 peak, questions remain. In a simulation of economic impact, ECON 412 students researched the biggest employers in Union and Mecklenburg Counties and examined the extent to which the counties could be impacted if these firms undertook extensive job cuts.
Dr. Kristin Stowe