Report: Fracking Keep Small Businesses Afloat In Tough Times

Report: Fracking Keep Small Businesses Afloat In Tough Times

Barbwire | November 13, 2014 | by Barbwire

A study by the Small Business & Entrepreneurship Council found that “increased [natural gas] production has been good news for the energy sector, including for employment and business growth (especially small and midsize businesses), especially in those states where natural gas production has expanded.”  …”One of the most profound effects of the shale gas boom has been to revitalize small manufacturers in the country. Firms making oil and gas field machinery as well as equipment manufacturing businesses grew by 8.5 percent among firms with less than 20 workers and 14.7 percent among firms with less than 500 workers.”

Read more here.

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