EID's Mike reports on recent positive economic growth in Ohio's Mahoning Valley thanks to shale development:

"Things in Mahoning Valley are trending in the right direction after years of economic stagnation. Shale development is playing a large role in the comeback story of the decade. According to the Youngstown/Warren Regional Chamber, the unemployment rate, the total number of jobs in the Youngstown-Warren-Boardman Metropolitan Statistical Area, continues to rise.

The number of jobs in the metro area rose in November with 228,000 jobs, up from 227,600 in October 2012 and up from 224,200 in November 2011. (Chamber Touts Rise in Total Jobs, Brookings Report, 1-2-13)

Since the valley has long been home to strong, skilled organized labor, some of those jobs went to the valley’s many union labor workers like those with Local 396, the Plumbers ans Pipefitters Union.

The union has gone from 40 percent unemployment among members to 100 percent employment with a 12 percent growth in membership. – Butch Taylor, Local 396 business manager. (Shale Industry Leads to Growth of Pipefitters Union, 12-19-12)

In addition to the new jobs that have been created, the valley is seeing real economic growth because of overall investment. One great example is what is happening at the Youngstown Business Incubator. The incubator is now the home of the National Additive Manufacturing Innovation Institute. Also, at Youngstown State is now the location of the new STEM college program. STEM focuses students on 4 key areas; science, technology, engineering and math. These are all areas of focus for students who will be looking for work in the natural gas industry.

Energy, materials, advanced manufacturing, software development, biotechnology — there’s a very rich technology blend emerging here. –  Mike Hripko, Director of technology-based economic development at the Youngstown State University ,College of Science, Technology, Engineering and Mathematics (Business Incubator Says You Can Come Home Again, 12-28-12)

It isn’t just the university and the incubator that have seen good things happening; the regional chamber has also noted the change. The latest chamber report card shows $1 billion in economic activity in three years and nearly 3,000 new jobs."

READ THE REST: http://www.eidohio.org/shale-industry-leads-to-growth-in-the-mahoni...