Sales receipts in Stark and surrounding counties were
boosted by shale activity in 2013, reflective of a massive $8 billion
investment spree taking place in Ohio due to the Utica Shale play.
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| (hivelocitymedia.com photo) |
Edward (Ned) Hill, dean of the Maxine College of Urban
Affairs at Cleveland State University, recently led a webinar on the status ofthe Utica shale’s development. He indicated that more gains are anticipated as
a result of drilling in the state.
Hill (pictured) also had good news for Stark County in his department’s
most recent edition of the Ohio Utica Shale Gas Monitor, dated January 10. CSU
includes Stark among the moderate shale counties at this point, along with
Mahoning, Portage, Trumbull and Tuscarawas counties.
The report said that sales receipts through August 2013 in
those counties increased by 10.7% over the second quarter of 2012. “Increased
sales reflect spending by land and mineral rights owners as well as spending of
out-of-state workers because hotel and lodging bills are subject to the sales
and use tax in Ohio, as are restaurant meals,” it concluded.
The report indicated that the larger metropolitan areas of
Akron-Canton and Youngstown-Warren are benefiting because they have a stronger
retailing presence than the counties that are currently the center of the most drilling
activity.
This is what the Stark County Oil & Gas Partnership has
been promoting as we continue to point out why Stark County is a great place to
live and establish a business presence.
Click here to read the CSU report: Ohio Utica Shale GasMonitor – Jan. 10, 2014
