Economic Indicators

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It’s thriving. It’s innovation. It’s opportunity.
It’s strategically located. It’s highly trained. It’s hard working.
It’s your next location. It’s calling you.

IT’S MORGANTOWN

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Economic Indicators

All critical economic indicators in the Morgantown Metropolitan Statistical Area (MSA), which includes both Monongalia and Preston Counties, have surged in the past two decades and our unemployment rate has remained low.

Our prominence in both of the recession-resistant sectors of higher education and health care employment is one reason for the stability in our area. The WVU Bureau of Business and Economic Research calls for “continued healthy growth” well into the future.

  • Employment is expected to grow by 1.4 percent
  • Per capita personal income by 2.3 percent
  • Population by 1 percent

Education, health services, professional and business services, construction and consumer-oriented services are expected to grow at a particularly high rate.

The Morgantown MSA regularly ranks on a variety of lists pointing to the area’s accomplishments in terms of growth, business development, workforce cultivation and more.

  • “Top 100 Leading Business Location” by Area Development.
  • “Best Performing” small metro by the Milken Institute.
  • “Best Small Metro for Business and Careers” by Forbes.

+1.4%

Employment is expected
to grow 1.4%

“Best Small Metro for
Business and Careers”

1,300+

Population to increase by 1% –
That’s more than 1,300 people.

“Best Performing”
small metro

+2.3%

Personal income per capita
to increase 2.3%

TOP100

Top 100 leading business
location by Area Development

NUMBERS FROM THE EXPERTS

The West Virginia University College of Business and Economics studies the area’s economic indicators closely and provides valuable information year after year to residents, business owners, developers and planners.

The College’s most recent forecast calls for employment growth in the Morgantown MSA at a higher rate than the state. Monongalia County is anticipated to grow at the highest rate.

Unemployment in the area is expected to continue falling, according to the University’s economists, remaining lower than the statewide average in Monongalia and Preston counties. In addition, personal income is expected to rise and the population is expected to continue growing. The choice for business location, relocation, development and growth is clear – It’s Morgantown.

IT'S MORGANTOWN

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