Community/Financial Services Wednesday, Feb. 4, 2015
Progress Edition II — Section 1
Shae Dalrymple
MarkWest Energy and Midwest Terminals are building a condensate facility at the former Cadiz motel property along U.S. Route 22. Another new Midwest Terminal facility on Cadiz-Jewett Road will contain up to six switching lines to transport oil and gas condensate to markets for further refinement.
Laying the foundation Lessons of the past helping community leaders to be better prepared economically for the future
By SHAE DALRYMPLE Staff writer STEUBENVILLE — The lingering ghosts of industries past continue to hover over the Ohio Valley, but regional leaders hope that lessons learned from those rises and declines will better situate local communities for a brighter economic future. Hancock County Commission President Michael Swartzmiller always approaches economic development initiatives with the historical, industrial trends of the Ohio Valley fresh in his mind. “In the ’60s, 50 percent of our revenue stream was coming from a single entity: Weirton Steel. In the ’70s and ’80s, steel began to rust away and employment and revenue dropped with it. Over time, gaming took steel’s place. Five years ago gaming made up about 50 percent of the revenue.
Back in the heyday, around 2009, the county saw $5.2 million from gaming revenue. For years the budget has been and continues to be in great shape thanks to that,” he said. “Through financial responsibility and discipline, we have managed to put a good amount away for the county’s future. We knew we couldn’t bet on gaming forever. When other states began jumping on board, competition increased and we aren’t seeing the revenue like it was back then.” Swartzmiller said he attended a national convention about economic development at the height of gaming revenue. “The one big thing I brought back from that convention was: ‘Don’t feel sorry for yourself. Don’t wait
for a handout. Take charge.’ It has to be our job now to find that next big replacement for gaming, the same way gaming replaced steel. It could be natural gas and oil and the industries surrounding it, but that’s still a ways off for our area because we are on top of the dry gas,” Swartzmiller predicted. Across the river, Cadiz Mayor Kenneth Zitko said there are plenty of examples in his neck of the woods to demonstrate growth of the natural oil and gas industry, which supplies more than 60 percent of America’s energy today, according to the American Petrole-
um Institute. “The future is bright for oil and gas, especially around here,” he observed. Harrison County is situated in an ideal spot over the Marcellus and Utica shale formations, where horizontal drilling combined with multistaged hydraulic fracturing has resulted in a drilling boom in the Appalachian Basin encompassing parts of Pennsylvania, West Virginia, Southern New York and Eastern Ohio. New structures are cropping up around Cadiz and beyond in connection to drilling activity, including accommodations for
workers such as a threestory, 79-room Microtel on Lincoln Avenue and a four-story, 89-room Days Inn Suites on Cadiz-Jewett Road. MarkWest Energy Partners and Midwest Terminals are in the process of building a condensate facility at the former Cadiz motel property along U.S. Route 22. Another new Midwest Terminal facility on Cadiz-Jewett Road will have up to six switching lines to transport oil and gas condensate to marSee ECONOMY Page 2A ➪