Morgantowns economic successdespite the national recessionwill be the focus of a segment on CNBC sSquawk on the StreetMonday (Feb. 2).
Morgantown Mayor Ron Justice and an economic analyst are scheduled to appear on the program around 10 a.m.
Justice is expected to discuss the diversity of employment opportunities, the role of West Virginia University as an economic engine and the positive working relationship between government and organizations that support economic development.
He is one of 10 mayors across the country who will participate in live interviews next week onSquawk on the Street,which features the business headlines of the day and analysis of all the market-moving news. Mayors were selected for the show because their cities are doing well in hard economic times, according to Justice.
It speaks very well to Morgantown,Justice said.Weve had a very good period of time through these hard economic times, and working together with state, University and local officials, weve been able to provide a model for the rest of the country.
Economists at WVU s College of Business and Economics recently issued a data analysis for the Morgantown metropolitan statistical area that showed strong employment in 2008. Job growth in the Morgantown MSA , which includes Monongalia and Preston counties, continued to outpace the state and the nation through the first 10 months of 2008.
On average through the first 10 months of 2008, the Morgantown MSA added about 1,600 jobs over the same period in 2007. That translates into a job growth rate of 2.6 percent, which far exceeds the state rate of 0.3 percent and the national rate of 0.03 percent. (Full report available at http://www.be.wvu.edu/bber/ )
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