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FACT SHEET
An Evaluation of the Impact of the Equine
Industry on the West Virginia Economy, 2005. Research
Report Submitted to the Joint Committee on Economic Development
West Virginia Legislature. Sponsored by: West Virginia University
Extension Service and West Virginia University Davis College
of Agriculture, Forestry, & Consumer Sciences.
Key Findings (partial list)
- The West Virginia racehorse segment of the industry also
makes a huge contribution to the economic impact including:
o Direct spending of $203,724 million
o 4,164 equine-related jobs
o $45.3 million in direct payroll and owner-operator profits
o $60.3 million in direct gross state product
- This direct activity led to the following impact:
o $287.9 million total impact to the West Virginia
economy
o $1.42 in output in the West Virginia economy for every dollar
of output by this industry segment ($1 direct plus $0.42 in
multiplier effects in other parts of the West Virginia economy)
o $72.2 million in direct payroll and owner-operator profits
o $104.5 million in gross state product
o 6,173 total jobs
The Economic Impact of the Charles Town Thoroughbred
Race Horse Industry on the Charles Town Economy, November
2006. Thalheimer Research Associates for the Charles
Town Horsemen's Benevolent and Protective Association.
Key Findings (partial list)
The Charles Town Race Horse Industry generated a total (direct
plus indirect) economic of $173 million in expenditure in
the local economy in 2005. The industry generated a total
employment impact of 3,658 full-time equivalent jobs. The
industry was shown to be very labor intensive.
In order to support the increase in the supply of bloodstock
the number of Charles Town area thoroughbred breeding farms
increased from 55 to 140 between 2000 and 2005.
The impact of the racetrack sector has
increased largely due to increased capital expenditures.
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