TischlerBise conducted an Economic Impact Analysis of Shenandoah University in the City of Winchester and Frederick County, Virginia. This was the University’s inaugural economic analysis. TischlerBise worked with staff to obtain information in an efficient manner, collected additional other relevant data, synthesized information, conducted primary and secondary research on the University and regional economy, and analyzed the economic impacts of the University. Specifically, TischlerBise determined the economic impacts of University employment and its spending on goods, services, and construction as well as spending by students and visitors, and examined the fiscal and qualitative impacts on the community. The IMPLAN model was used to determine direct and multiplier effects of University spending as well as the indirect and induced effects of employee, student, and visitor spending. The end result was a clear, concise and user-friendly Economic Impact Analysis Report that detailed the University’s impact on the community through its direct, indirect, and induced economic activity and job creation.
