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Businesses lose $61 Million Because of Spill

WV Public Radio
2/13/2014
A local research group has calculated that roughly $61 million was lost by local businesses as a result of the chemical spill into the Elk River. Enlarge image The Center For Business and Economic Research at Marshall University conducted a preliminary investigation on the impact of the January 9th chemical spill into the Elk River. They wanted to see what the loss of water and the subsequent closing of restaurants and other businesses meant to the economic climate in the 9 counties effected by the water ban. CBER estimated that for each day that the ban was fully in place $19 million was lost. Read more

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Elk River spill cost economy $19 million per business day, study finds

WOWK TV
2/6/2014
The chemical spill in the Elk River, which contaminated the water supply of 300,000 people, cost the West Virginia economy just over $19 million a day for each business day the “do not use” order was in effect, according to Marshall University researchers.The estimate by the Center for Business and Economic Research at Marshall said the estimate does not include any multiplier effects. The $19 million per business day amounted to about 24 percent of the economic activity of the region affected by the spill, which was composed of parts of nine counties. Read more

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Researchers release preliminary economic impact numbers from chemical spill

WCHS
2/5/2014
HUNTINGTON, W.Va. (Darrah Wilcox) — The estimated economic output of business lost on two weekend days and two business days during the water ban caused by the Jan. 9 chemical spill is $61 million. The Marshall University Center for Business and Economic Research (CBER) conducted a preliminary investigation into the economic impact and released those figures this week. “It pretty much brought the capitol of West Virginia to a screeching halt!” Read more

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MU Study : Spill Has $61 Million Negative Impact For Affected Areas

Herald-Dispatch
2/5/2014
HUNTINGTON — The Jan. 9 chemical spill into the Elk River is estimated to have had a $61 million negative impact on the counties affected by the water ban over the four days immediately following the spill, according to a preliminary investigation by the Marshall University Center for Business and Economic Research (CBER). The data released Tuesday indicates the impact on economic output was just more than $19 million for reach business day the water use ban was in effect, amounting to about 24 percent of the economic activity in the affected areas. Read more