facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

Difficult journey ending well for the economy of the Valley



Published: Tue, March 26, 2013 @ 12:00 a.m.

Several months ago, an executive of a national oil and gas company that’s investing hundreds of millions of dollars in the burgeoning Utica shale play told The Vindicator’s editorial board that one of his major challenges is finding qualified workers in the Mahoning Valley to fill jobs in the industry.

The oilman from Oklahoma isn’t alone in his cry for help. We’ve heard from other officials of companies locating or expanding in the Valley and from economic development specialists who are on the front lines of the job-creation effort.

And while this situation is cause for concern — numerous initiatives have been launched to fill the companies’ demands for workers — it also is a welcome change from the past. For decades, the Valley was literally begging for jobs. It has taken more than 30 years since the collapse of the steel industry for the region to finally be able to boast of being a job creator.

Indeed, various independent studies have placed this region in the top tier nationally in terms of its recovery from the economic recession that began in the latter part of 2008.

Ohio Gov. John Kasich, the keynote speaker at the Youngstown-Warren Regional Chamber’s annual luncheon last Thursday, acknowledged the economic turnaround when he said: “I have a sense, and I hope I’m right, that people are feeling better here — in a way they haven’t felt in a long time — and that thrills me.”

Kasich is right — as chamber President Tom Humphries and chamber board Chairman Peter Asimakopoulos showed in discussing the hundreds of millions of dollars in projects that are on the books this year.

In 2012, the chamber helped land nearly $377 million in investments; this year, the business organization is anticipating $760 million in projects.

The combination of the shale boom, manufacturing and non-manufacturing activities spell a word that has long been the goal for the Valley’s economy: Diversification.

After the mills closed and more than 50,000 residents found themselves on the unemployment rolls, the truth about the region was revealed: Most our eggs were in the steel basket and the auto industry. And when those two leading employers retrenched, local government officials and economic development entities were frozen in time.

Building blocks

That’s why it has taken so long for the Valley to recover. The building blocks of the new economy have been laid one at a time.

That effort is now paying dividends.

Specialty steel, as evidenced by V&M Star’s $1.1 billion investment in state-of-the-art plants, General Motors’ Lordstown assembly plant, Turning Technologies and other technology companies and the oil and gas industry all point to a future that is bright and promising.

The economic revival formula has attracted the attention of other regions of the country and has piqued the interest of old industrial cities around the world.

It is encouraging that government and non-government officials involved in the region’s economic revitalization haven’t forgotten the lessons of three decades ago.

Now, it’s up to residents of the region to get qualified and trained to fill the jobs in the new economy.


Comments

1Cubbies(37 comments)posted 2 years ago

Does the Vindy Editorial Board meet with the anti-fracking folks as well on a regular basis? Or is the Vindy simply being bought by the pro frackers through ads?

Suggest removal:

2Debbie(22 comments)posted 2 years ago

This is not only not ending well, it is NOT by any stretch of the imagination ended at all. With all of the attention being given to the monetary economy, we all need to pay heed to the ECOLOGICAL ECONOMY. That means, in a nutshell. we all diligently tend to the wellness of the earth, and it will graciously tend to our survival needs.

It is vital to life here that residents of the region get qualified and trained to recognize and understand the high volume of secrecy, collusion, coverups, misinformation and untruths deeply imbedded this industry.

In the interest of time, I've included here just two of MANY available sources.........

From 2012: http://nyagainstfracking.org/dec-gas-...

From August, 2011: http://www.krextv.com/news/around-the...

Suggest removal:

3doubled(210 comments)posted 2 years ago

Utica Shale says....."The Vindy needs to change course and mandate all here who engage to use their true identity."

Ok, you first.

Suggest removal:

476Ytown(1316 comments)posted 8 months ago

We've long known that UticaShale is a shill for the industry.

Suggest removal:


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2015 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes