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Study Finds New Natural Gas Development Could Create More Than 45,000 Jobs And $9 Billion In Economic Development In Illinois

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The economic impact could be even greater: The study’s estimates are conservative in part because they do not include the economic impact of land leases that would be given to local landowners, nor does it look at what could happen if exploration discovers extractable oil deposits, such as what was found in western North Dakota.

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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

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Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. The key to that positive change resides in the same place in California it did in North Dakota—buried more than a mile underground in the middle of a huge shale deposit.

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Cover Story: New Energy Powers Growth

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Early estimates for 2013 production project that output in PA topped 3 trillion cubic feet last year. State officials estimate more than 240,000 people are working in jobs created or made more prosperous by the Marcellus and Utica shale gas plays. Already the nation’s No. 2 crude oil producer and No. HYDROPOWER: CLEANEST OF ALL.

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State by State Incentives Guide

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Program regulations are currently being drafted to include the expanded definition for “Advanced Manufacturers.” NORTH DAKOTA. OIL REFINERIES: An exemption may be granted for building materials, equipment and other tangible personal property used to expand or construct an oil refinery in North Dakota.

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