NVI Technical College Information

Economic Feasibility

The management of the Company indicated that they have recruited

current improvements and historical use.

most of the staff that worked at the subject project employed by

WyoTech, the previous owner/operator. It was not indicated which

The US and Pennsylvania economies are in decline due to COVID 19

employees were to be retained, yet it was indicated that Instructors

induced economic conditions. The population growth in the county

and Administrative Staff were to be re-hired.

is decreasing. Nevertheless, the management of the Company has

worked to shift their sales plan to maintain their economic

Based on the unemployment rate in the Indiana County market area

positioning through student recruitments. Based on industry reports,

A

of 12.9 percent as reported for April 2020, there appears to be

increased unemployment rates tend to favor trade and vocational

enough job seekers to fill positions at the subject project.

schools as students seek to shift or enhance their credentials.

Economic Feasibility Conclusion

Lastly, due to the increased levels of unemployment in the county,

As presented herein, the subject project site is of the shape and size

the Availability of Trained or Trainable Labor appears abundant

appropriate for a educational facility as evidenced by the existing

without job shifting from other counties.

improvements and site plan provided.

It is served by water,

electricity and telephone.

Septic is also available. The subject

Based on this analysis, the subject project as planned is

project site has paved access and a level topography. Physically, the

Economically Feasible in accordance with requirements provided by

subject project site is suitable. The subject project site is in an

the United States Department of Agriculture (USDA) guidelines for a

unzoned area that allows for its planned use as evidenced by its

feasibility study.

Source: Wert-Berater Feasibility Studies, LLC

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