“Location, location, location” has long been a mantra in real estate, but comments from officials with a stake in growing Ohio’s economy suggest the phrase nicely sums up the Buckeye State’s appeal to the downstream oil and gas industry as well.
“Ohio is a great place to be and JobsOhio and our partners will continue to leverage the oil and gas surplus of the Utica and Marcellus shale plays to build the state’s economy and drive capital investment,” David Mustine, senior advisor with the private economic development non-profit corporation JobsOhio, told DownstreamToday. Easy access to feedstocks from the Utica and Marcellus notwithstanding, Ohio enjoys “unparalleled access to customer markets” because it is located within a day’s drive to much of the U.S. population, he added.
Nearly $7 billion in proposed shale gas projects in Ohio would add approximately $4.9 billion to the state’s already significant chemical industry output,…
SOURCE U.S. Small Business Administration
Diverse new membership appointed to examine obstacles facing small businesses; recommend policy changes to bolster SBA programs and services
WASHINGTON, May 27, 2016 /PRNewswire-USNewswire/ — Administrator Maria Contreras-Sweet, the head of the U.S. Small Business Administration (SBA), recently convened a meeting of the Council on Underserved Communities (CUC) Advisory Board.
Created in 2011, the CUC Advisory Board provides advice and counsel on initiatives to strengthen support for small businesses in underserved communities, examines the obstacles that small businesses in underserved communities currently face, and delivers perspectives from underserved groups regarding the efficacy of SBA programs and services.
In making the announcement, Administrator Contreras-Sweet said: “The Council on Underserved Communities is an important part of our ongoing effort to expand SBA services in order to better reach underserved communities and rural areas, as well minorities, women, veterans, and people with disabilities. The work of the Council helps inform our mission…
The presidential candidates talk a lot about how they’ll bring jobs back and restore the nation’s once-mighty manufacturing sector.
Jason Kester has been trying to do that every day for more than three years.
As executive director of the Southern Ohio Port Authority, Kester is charged with spurring economic development in Scioto County, Ohio. The county, which sits just across the Ohio River from Kentucky, was a thriving manufacturing hub decades ago, but its industries and many of its remaining factories are mere shells of their former selves. The area lost thousands of jobs — and residents — as companies closed or moved operations overseas. Businesses continue to downsize, leaving Scioto County with a 8.8% unemployment rate.
The impact of one business on a community is often compared to a drop of water in a puddle as it ripples out. In the case of MIBA Sinter, in Morgan County, the ripples started small when the MIBA Bearings business came to town, in 2004, by obtaining a small bearings plant just north of McConnelsville, with approximately 200 employees. Another MIBA component, MIBA Sinter, opened in 2010 with 40 employees and now has 250 employees, with plans for an additional 100 people to be added to the workforce with a coming expansion.
This kind of footprint in the community and the economic impact in the county were honored by the Eastern Ohio Development Alliance, at the annual meeting, held last week in Walnut Creek. Carl Raines, Executive Director of the Morgan County Improvement Corporation, presented the honor of being Large Business of the Year, as named by EODA, to MIBA…