Valley businesses learn how to benefit from the shale supply cha - News weather sports for Youngstown-Warren Ohio

Valley businesses learn how to benefit from the shale supply chain


YOUNGSTOWN, Ohio - Local businesses are learning how they can be a part of the lucrative shale energy supply chain.

The Ohio Shale Coalition says the shale industry is going to pump billions of dollars into Ohio and a Youngstown Warren Regional Chamber seminar held in Boardman is the first to focus on helping businesses to tap into the supply chain for the industry.

"Many businesses will be able to take advantage of this and if we're going to have the full force of the economic effect of this, we need to make sure that all Ohio businesses that want to participate have the tools to participate," said Linda Woggon, Executive Director Ohio Shale Coalition.

The shale boom is a new industry for Ohio and business owners need resources to learn about what is required to be a part of the supply chain.

The coalition says the oil and gas producers really want to do business with Ohio companies so that what they need is close at hand.

"You want people that can get to you fast, get the product to you fast, the service to you fast, so I think the opportunities for the Ohio supply chain are immense," Woggon said.

For many local businesses, being a supply hub for the shale industry can open up a whole separate revenue stream. "One company just told me, as an example, they're under 10 million in revenue and already they're book of business for the next year or so is another one million dollars. That leads to more jobs, more employees, more wealth creation in the Mahoning Valley," said a representative of the Youngstown Warren Regional Chamber.

The keynote speakers for the event have decades of experience in the oil and gas industry.

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