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.

Knight Foundation

Akron Children's Hospital

Levin Furniture


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


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 becomes first in the nation to dump PARCC testing
Best test to use for elementary schools is the old pre common core Iowa test of basic skills. This test measures apples to apples and tests the skills appropri...

Ohio is moving forward with new standardized tests
Mr Chow, Nice piece on testing. Should not Ohio go to an open bid process for the new assessment contract? Ohio has stayed with a "connected" DC non-profit fo...

The Surpreme Court gay-marriage decision plays out in Ohio Amish country
Keep in mind that the majority of the people residing in Holmes County are Amish, a church people who do not vote because they do not believe in governmental ru...

Akron council committee recommends Forney for its opening
Which committee member voted for Wilhite?

Nearly a dozen Cuyahoga gay couples get licenses to marry after the Supreme Court ruling
Presiding Judge Anthony J. Russo a graduate of Chanel High School and supposed member of St. Francis Parish in Gates Mills has just excommunicated himself. As ...

Canton Youth Symphony is named orchestra of the year
This is what makes CSO the hippest small town orchestra in America!

What can be expected if Ohio's tobacco taxes increase?
let's face it! The increase has little to do with smoking cessation

Rare Cleveland Indians photo from 1911 hits the auction block
Paddy Livingston, who cut his teeth on a Louisville Slugger in Kent, Ohio was one of the immortals that played in that game. He was the catcher. Ty Cobb actuall...

Nexus denies Green's request to relocate its planned gas pipeline
These people have so much power. Too much. They could care less about the people they leave when it is done. Spectra does not, and admits, they do not do the...

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