One of the greatest potential means for providing jobs, enlarging our tax base, and promoting economic growth is the extraction of natural gas in gas shale from deep below the ground. Given the tough economic circumstances we face in Lee County, its citizens need to know more about the opportunity for our area.
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Sigificant Benefits of Oil Shale Development
• Public sector revenue distribution in the form of ad valorem property and production taxes,
severance taxes, royalties, sales and use taxes, and various license and fee revenues for affected governments and the state.
• Economic expansion and diversification. Oil shale is likely to become commercial as natural gas drilling begins to wind down.
• Educational growth, skill development, and opportunities to educate and train a sustainable workforce. The area can become center for unconventional energy research and development.
• Increased opportunities for existing local businesses and growth of opportunity for new
business development.
• Long-term employment opportunities including high paying jobs in the oil shale and supporting
industries, creation of numerous support industry jobs across a wide range of skills and occupations, a source of workforce retention and attraction versus out-migration, and expansion of regional commercial and service industries.
• Fiscal support for public sector infrastructure including enhancements in transportation, community services, health care, and social services through public sector revenue distribution.
