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.

Hennes Paynter Communications

Genie of Fairview Door Company

Knight Foundation


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

Northeast Ohio undocumented immigrants praying for a miracle
Stop it, just stop it. They are not undocumented but illegal aliens. I live in a 'sanctuary' city and it's not pretty. Dahlberg is a notorious trouble maker in ...

Ohio survey shows low-income people are choosing phones over food
Where is this study published? no sign of it on google scholar. is there a cite

The Akron Sound rocks the porches
fabulous group interview! you covered so much in so little time. wish i could be there for porch rockr.

Head of Ohio Dems says Kasich administration is lying about Suarez contacts
when Kasich's mouth is open , he's lying. Look what he did at Lehmans brothers and then lied about it all during the campaign. If a GOP didn't lie, he or she ...

Canton's Basilica of St. John absorbs news of the pope at morning Mass
Hello Chris,Marina,and Patrice, I just read this article and you all look great. I'm on facebook Jean Dutcher in blue and white stripped blouse. I"M so glad to ...

Exploradio: Avoiding the 'acting-white' trap
Growing-up black and being black should not determine that you will not speak well or will not be a high achiever in your goals in life.But society te nds to la...

Charter-school supporters to rally at Statehouse
I am on the bus now headed to the rally. Horizon is an excellent school. My son is is 7 th grade. The teachers and administrators are top notch and spend so m...

Former Nursing Home Land Added to Parks
In addition, LED technology also plays a very important role in advertising- LED placard is very, very useful for shop owners.

Ohio Supreme Court hears arguments on school funding
That's not true. Other school districts HAVE followed this law and done this. Oakhills is one of them and how they were able to provide technology for their s...

Death and beauty at Cleveland's Museum of Contemporary Art
What a disgusting story to air at lunch time.

Copyright © 2014 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