Thursday, September 11, 2014
Towns wasting away from old industries comes revival with the energy boom, according to The New York Times.
It’s common knowledge that the oil and gas boom in recent years has created thousands of jobs in areas struggling from the recession, though not all employees are local workers. Youngstown, Ohio and the surrounding area of northeast Ohio in particular has seen a surge in employment and business opportunities.
The total number of employees at businesses today can barely be compared with the numbers of employees once employed at steel mills and factories in Youngstown decades ago, but the economic growth is undeniable. The city — and region — is experiencing a revival.
From The New York Times:
“Here in Ohio, in an arc stretching south from Youngstown past Canton and into the rural parts of the state where much of the natural gas is being drawn from shale deep underground, entire sectors like manufacturing, hotels, real estate and even law are being reshaped.”
Via: The New York Times > Boom in energy spurs industry in the Rust Belt
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