College of Business faculty members Drs. Rishav Bista, Michael Newsome and Becky Tomasik recently completed a technical paper for the HOPE Community Development Corporation, a non-profit organization working to improve the lives of residents living on the West Side of Charleston, West Virginia.
This report, titled “A General Consideration of Possible Economic Impacts of Potentially Reducing Crime through West Side Demonstration Projects”, presents an analytical framework that focuses on how HOPE project investments can lead to reduced crime and recidivism, which have measurable economic impacts on the West Side community and greater Kanawha County.
Using the general sociodemographic characteristics of the West Side and the rest of Charleston, the stated goals of existing HOPE projects, and well-established relationships between the stated goals and impacts on crime and recidivism, the authors were able relate HOPE program activities to potential social improvements.
The Rev. Matthew J. Watts, president and CEO of HOPE, wrote, “We are extremely pleased with [the report’s] format and content. We believe that this report provides HOPE CDC with a credible document to present to policy makers and potential funders.”
Bista, Newsome and Tomasik shared their findings at a Strategic Planning and Briefing Meeting on the West Side Revitalization and Transformation (West Side Revive) Initiative, which took place Dec. 5 in the Governor’s Conference Room in the Capitol Complex.
The report is a product of the Center for Community Growth and Development (CCGD), started in the fall 2013 by Bista, Newsome and Tomasik. The objectives of the CCGD are to improve communities, increase research potential, and enrich the student experience. Research areas include planning analysis, economic statistical analysis, financial analysis, and community surveying and strategic planning. In addition to the report, the CCGD has also conducted studies for the Cabell Huntington Health Department, the Cabell County Planning Commission, and MU’s Office of the President.
Bista is an assistant professor of economics in his third year at Marshall. He teaches undergraduate macroeconomics, econometrics and global macroeconomic analysis. Newsome is a professor of economics in his 17th year at Marshall. He teaches undergraduate econometrics and microeconomics, and graduate managerial economics and health economics. Tomasik is an assistant professor of economics in her third year at Marshall. She teaches undergraduate microeconomics and international trade.