Friday, May 27, 2011

Study Suggests Businesses Benefitting from Marcellus Shale Development

May 20, 2011 at 5:30 PM

Marcellus Shale development is likely to affect local businesses across Pennsylvania, according to Timothy Kelsey, professor of agricultural economics. (Photo courtesy of Penn State Live)
By Chuck Gill, Penn State

UNIVERSITY PARK – A survey of businesses in two Pennsylvania counties where natural-gas drilling is occurring suggests that the Marcellus Shale boom is having a positive net effect on business activity.
Summarized in a fact sheet, “Local Business Impacts of Marcellus Shale Development: The Experience in Bradford and Washington Counties, 2010,” the survey was part of a larger economic impact study being done by the Marcellus Shale Education and Training Center, a partnership between Penn State Extension and the Pennsylvania College of Technology in Williamsport.
Partial funding for the study came from the Pennsylvania Department of Community and Economic Development.
“The Marcellus Shale gas boom clearly has the potential to affect local businesses across Pennsylvania,” said Timothy Kelsey, professor of agricultural economics in Penn State’s College of Agricultural Sciences and a lead author of the publication.

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