Showing posts with label Stark County economy. Show all posts
Showing posts with label Stark County economy. Show all posts

Tuesday, June 9, 2015

Pro Football HOF Village Holds Promise for Region, Building Trades

The news about the Pro Football Hall of Fame and their Hall of Fame Village project just keeps getting bigger, better and more impressive, and promises to deliver a tremendous economic boost to Stark County and the entire region.

As published in ShaleMart magazine
We at the StarkCounty Oil & Gas Partnership are especially excited, because it represents continued diversity to the development of the region. We are already actively involved in the biggest economic windfall to affect the United States in this young century—the expansion and growth of the oil and gas industry. While that is having a positive effect nationwide, the expansion of the Pro Football Hall of Fame will have a significant impact close to home, and is clearly deserving of our support.

David Baker, president and CEO of the Hall, began sharing the potential for the project more than a year ago in speeches and presentations to chambers of commerce and other business groups in Stark County. When he and others involved in the Hall of Fame Village announced the details at a press conference in May, the full scope of the $476 million project became known. It will be exciting to watch the village become a reality in the months and years ahead.

One of the reasons we’re so excited is that the Hall of Fame has a track record of using local contractors and local Building Trades craftsmen, and our area Building Trades are actively involved with the oil and gas industry. Dave Kirven, chairman of the Stark County Oil & Gas Partnership, is also president of the East Central Ohio Building & Construction Trades Council.

“We’ve been in discussions with Dave Baker and others at the Hall of Fame with the goal of securing a commitment to the hiring of local Building Trades craftsmen for the Village project,” Kirven said.

Kirven attended the press conference at which the Hall of Fame Village details were announced, and drew applause from the audience when he assured Baker that the project would “be ready for you when you bring the NFL Draft here in 2019.”

Stuart Lichter, president of the company that is developing the village, assured those in attendance that they would utilize local labor as much as possible.

That’s good news for Stark County. The Partnership applauds the Pro Football Hall of Fame for its commitment to our region, and to the local workers who are helping to build it.

This article was originally submitted for publication in ShaleMart's print and online editions.

Thursday, January 29, 2015

Stark County Economic Benefits: A Roundup of Ongoing Developments

Positive news keeps springing up everywhere, as jobs and dollars continue to flow into Stark County thanks to Ohio's key role in the oil and gas industry.

Jackie Stewart reports in the Energy in Depth Blog that "the unemployment rate in shale counties has fallen at a staggering rate," citing a recent report from Crain's Cleveland Business indicating that there will be more jobs for people in Northeast Ohio over the next decade.

Indeed, the report in Crain's indicates that "the oil and gas fields of the eastern and southern parts of the region will boost the regional economy beyond what can be forecast today."

Positive developments in our region had previously been highlighted in a Crain's article about the growing need for commercial buildings and properties thanks to the rapid growth of the shale industry. The article cited the efforts of Stark County's Bryce Custer, of NAI Spring in Canton, who focuses his efforts as a real estate adviser on servicing clients who come to the region to work in the Utica shale.

The article quotes Custer as estimating that his firm has done "in excess of $45 million in oil and gas business" over the past two years. The really enouraging news? The trend, according to Custer, is "business and industrial, followed by retail, followed by housing." In other words, economic development affecting all aspects of the economy.

And there's no end in site, as a report in Ohio Gas & Oil magazine indicated. The article quotes Mike Chadsey of the Ohio Oil & Gas Association as telling the Cambridge Rotary Club that "petroleum experts predict 1,000 wells per year will be drilled" in the Utica Shale "for the next 20 years."

A thousand wells per year. For 20 years.

Buckle up, because the forecast says we're in for a long ride -- one that promises to transform Stark County and all of Northeast Ohio.