Publications and Studies on Economic Development
The ADP has been involved in several different studies and publications over the years. Included are two publications in which the Area Development Partnership published in the latter part of 2010; a brochure highlighting general information on Greater Hattiesburg, and a regional profile with more in-depth information. Below is a sampling of some of the more recent studies with the Pathfinders Labor Availability report, the Healthcare Impact Study and the William Carey University College of Osteopathic Medicine Economic Impact Study.
Target Markets for Business Recruitment
With a diverse economy that stands strong on three pillars, Greater Hattiesburg is highly marketable to a diverse range of businesses and industries. The Area Development Partnership has developed a target market synopsis that briefly explains how these various industries fit in the area's economy. Click below to see the full report.
Pathfinders Labor Availability
Conducted in May of 2010, the Pathfinders Group did a labor availability study of a 40 mile and 60 mile range of Forrest County. In site-selection projects, the question that most often drives the search is whether the candidate location has the workforce needed for a new or expanding operation. The Pathfinders were retained to quantify the extent to which both unemployment and underemployment exist in the selected area. The results of this survey indicate that a new or expanding employer will be able to attract employees from an additional pool of about 24,700 underemployed workers within a 40 mile radius and 52,000 underemployed workers within a 60 mile radius. To see full reports click on links below.
Healthcare Impact Study
The healthcare industry has a significant impact on the Greater Hattiesburg Area. There are over 8,000 employees in the healthcare sector with approximately a $400 million payroll. Secondary employment contributes another 4000 jobs. The Area Development Partnership (ADP) and the Economic Development Resource Center (EDRC) at The University of Southern Mississippi partnered to complete a study of the economic activity associated with the healthcare industry in Greater Hattiesburg. This study was initiated to quantify the direct and secondary impacts of the healthcare industry on the Greater Hattiesburg Area economy. To see the full report click on link below.
William Carey University College of Osteopathic Medicine Economic Impact Study
William Carey University (WCU) has become the second medical school in the state of Mississippi with WCU’s recent addition of the College of Osteopathic Medicine. WCU’s College of Osteopathic Medicine has a substantial impact on the economics of the Hattiesburg Metropolitan Statistical Area (MSA), not only during the facility’s start-up phase but throughout its full enrollment and staffing levels. The College admitted its first class of 100 students in the 2010- 2011 academic year. Enrollment is expected to reach 400 students in the 2013-2014 academic year. At this point, the College will have a total of 51 direct employees with a payroll of approximately $5 million annually. In our local economy, the operational dollars of this facility will have an annual impact of $4,538,191.00 on the Hattiesburg MSA. To see the full report click on link below.