PETER V. SCHAEFFER is Director of the Division of Resource Management and Professor of Resource Economics at West Virginia University. Previously, he was in the urban and regional planning departments at the University of Colorado and the University of Illinois. His primary research interests are regional economics and development.SCOTT LOVERIDGE is Director of the Regional Research Institute at West Virginia University and a member of the faculty in the Center for Community, Economic, and Workforce Development. He has also been a member of the Department of Applied Economics at the University of Minnesota. He is the author of internationally recognized materials pertaining to the retention and expansion of existing business.