The Register-Herald, Beckley, West Virginia

Local News

February 24, 2009

Tamarack’s economic impact huge, study shows

Citing a need for fairness, the Tamarack Foundation on Tuesday released findings from a study that shows Tamarack contributed $18.6 million to the state’s economy, $5.9 million in income, and supported 236 jobs during the 2008 fiscal year.

Ann Bradley, chair of the Tamarack Foundation Board of Directors, said reports regarding expenses of the Parkways Authority and at the Tamarack facility failed to address the direct and indirect economic impact of Tamarack on the state’s economy. The nonprofit foundation’s board of directors provided funding for such a study, and the Center for Business and Economic Research at Marshall University carried it out.

“This impact is real and positive for artisans and the communities in which they live,” Bradley said during a news conference at Tamarack. “It never appears in register sales; nonetheless, it is a very real benefit that occurs because Tamarack exists.”

The study looked at how Tamarack’s economic impact translates into income and jobs throughout the state. It found that every one of West Virginia’s 55 counties receives benefit from the production of handcrafted products, art and performance art supported by Tamarack.

According to the study, the annual direct benefits of Tamarack and its operations include 123 full-time equivalent private sector jobs, 2,500 artisans represented, 1,200 artisans receiving orders each year, $3.3 million in annual payroll in Beckley and the surrounding area, $3.1 million in local spending supporting additional jobs for West Virginians and $750,259 in state and local tax revenue paid to state and local governments.

In addition, the presence of Tamarack, the Tamarack Foundation and related spending by its activities result in indirect and induced spending in the state’s economy as follows: created an additional 113.2 full-time equivalent jobs, increased output by $6.4 million, increased income over $1.9 million and generated an additional $690,482 in state and local tax revenue, the study showed.

Text Only
Local News