Study projects Utica shale contributions to Ohio's economy

03/12/2012
Development of the Utica shale will bring more than 65,000 jobs, contribute $4.86 billion to Ohio's economy, and result in $3.3 billion of labor income, or an average of $50,225/job, by 2014, a study commissioned by the Ohio Shale Coalition concluded. A $229.6 million investment during 2011 in the Utica play raised the state's gross product, measured by value added, by $162 million, which translated into 2,275 jobs and nearly $100 million of increased labor income, researchers at Cleveland University, Ohio State University, and Marietta College found. "Since updates in technology have made drilling in the Utica shale possible, people have been euphoric over the economic prospects of ...
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