Article Looks at Utica Shale's Economic Impact on Carroll County

From Mineral Rights Forum:
However, big changes are in the air. Carroll County’s unemployment rate is moving quickly in the right direction. After reaching a record high of about 16% in 2010, unemployment now stands at about 7.1 %. “This is just in its infancy,” says Glenn Enslen, Director of Economic Development. “I’m visited weekly by folks who talk about results similar to the boom in North Dakota. They have a ½% unemployment rate and the population of several counties has doubled in 3 short years. It’s an exciting time in Carroll County.”
My friend Tom Mitchell is sharing in the excitement. Tom recently purchased a truck that does everything but make you coffee and tuck you in at night. He is one of the many residents enjoying a better standard of living due to oil money. Mike Guess, GM of Guess Motors, says he has never seen such a jump in business during his 30 year career. He typically sells about 70 vehicles a month but has seen his business spike upwards in excess of 28%. “Our service has increased a lot basically from all these companies that are here with trucks and they need repairs, so we’ve done a lot more service than we have in past years.” The surge in business has enabled him to add 8 new members to his staff, purchase and upgrade office equipment, and beef up the company’s online presence. For the first time in a long time, it’s good to be in business in Carrollton.
Read the whole post here. 

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Josh Fox Takes Another Approach to Attacking Oil & Gas Industry: They Don't Care About Worker Safety