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Grant-funded studies by App State analyze COVID-19’s economic impact on Northwestern NC
COVID-19’s economic impact on Northwestern NC
According to preliminary reports released in May by App State’s Center for Economic Research and Policy Analysis (CERPA), COVID-related restaurant and bar closures in April alone cost the Northwestern North Carolina region an estimated
$52.4 million in lost gross regional product.
This $52.4 million translates to
more than 8,000 full-time jobs lost in the month of April and a corresponding
$17.2 million in lost income for laborers. Edited by Jessica Stump
Posted Dec. 21, 2020 at 9:14 a.m.
BOONE, N.C. Appalachian State University was awarded nearly $98,000 in grant funding from the North Carolina Policy Collaboratory to conduct studies that analyze the economic impact of COVID-19 on the Northwestern North Carolina region. The grant was administered by App State’s Center for Economic Researc