News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Levin Furniture

Don Drumm Studios


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Louisville gets Chesapeake Energy office

by WKSU's MARK URYCKI


Senior Reporter
Mark Urycki
 
Chesapeake well in Carroll County
Courtesy of Rudell
Download (WKSU Only)
In The Region:

The small Stark County town of Louisville will be the site of Chesapeake Energy’s field office for oil and gas drilling in Ohio. Oklahoma-based Chesapeake already has offices in Canton, Columbus and other Ohio spots. But many of those jobs will be consolidated once construction at a largely undeveloped industrial park in eastern Stark County is done.   WKSU’s Mark Urycki reports that Louisville’s city manager is hoping for spinoff benefits.  

Click to listen

Other options:
Windows Media / MP3 Download (2:09)


Louisville City Manager Tom Ault says his town created a 290-acre industrial park two years ago with help from former-Governor  Ted Strickland’s administration.

“Never did we imagine that the entire site would go to one user like this.” 

Chesapeake names its field offices after geologic formations, not states or cities. This one will be the Utica Field office because that’s the shale formation Chesapeake and other drillers plan to tap most often for oil and gas in Ohio.

The company isn’t saying how many employees will work at the Louisville site but it is planning to construct several buildings.  Ault says the city will give the energy company a tax abatements based on the number of employees.

"The only tax incentive provided to the company is a credit against income tax withholding.   They will get 25% of the income taxes that they pay through withholding back over a period of ten years beginning in 2016. “

While most of the Chesapeake jobs are already in the region, Ault expects spinoff jobs to be created in his city of 92-hundred people.

“Support-type businesses: pipe, welding, the type of things they’re going to have to maintain their equipment and vehicles. We know there’s going to be a great number of truck-driving jobs in the this area as a result of this.”

 Chesapeake spent about 2 billion dollars to get mineral rights to more than a million acres in Ohio. But the company is also facing a  multi-billion-dollar budget problem, and is trying to deal with that by auctioning off nearly a third of that acreage  and by renegotiating some of the leases it plans to hold onto. 
Listener Comments:

Wanting to sell my duplex make a good place for the Chesapeake Energy employees


Posted by: shaton patterson (louisville oh) on July 3, 2013 10:07AM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Ohio to appeal ruling keeping Akron's red light cameras in place
I don't understand what all the fuss is about. If you don't like tickets drive the speed limit and stop at red lights. It's really all up to you.

Who's on public assistance in Ohio?
legalize marijuana get over it,,, its here its been the main drug test scare of a lifetime. u got people that get drunk every night and work u got peoples on ...

Letters from a lost friend: A Beachwood survivor's Holocaust remembrance
What a great story -- and how important it was for both Marlene and her mother to tell it! Thank you.

Ohio lawmaker calls for an East Cleveland bailout
Instead of blaming Kasich and the Republicans for all of East Cleveland's fiscal woes, take a look at the facts. Some political entities in Ohio are too small ...

Legalized marijuana is a boon for a Cleveland-area grow light maker
Shouldn't he be in jail for paraphernalia? He knows he is selling for marijuana production.

Akron city council to vote on resolution for hiring ex-offenders
Great as a taxpayer I paid for the police to catch them, the free lawyer, the jail to house them , the food their kids eat the medical for them and all its goin...

5 of 8 rule headed for a vote
this is just another way for kasich to pass the buck and claim that it gives the local districts control. Few schools have enough money because of his cuts. T...

A passionate debate about parole in Ohio
I was heartened to hear that the legislators will consider ANY legislation to break the chains the parole board has put on these old law offenders who have serv...

Bill would allow Ohio religious leaders to refuse to do gay marriages
This is just a lot of political posturing. The free exercise clause of the 1st Amendment already protects clergy from being forced by civil authorities to perfo...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University