Professor Mark J. Perry's Blog for Economics and Finance
Tuesday, April 10, 2012
Energy Boom Comes to Appalachia Ohio
Appalachia has been the "forgotten part of Ohio for the last 50 years," explains Glenn Enslen, Carroll County’s economic development director, in the video above, "but now we're at the forefront of economic development in the state of Ohio."
Reason? A huge boom has just started for oil and gas development in the Utica Shale area of east-central Ohio. There are thousands of new jobs being created in and around Carroll County, the local Days Inn hotel is booked for the next three years, local landowners and residents are receiving bonus and royalty checks from oil and gas companies, and the local Chevy dealer has seen a huge increase in sales. And it's just getting started.