The New York Times reports on a "turnaround" that is "part of a transformation spreading across the heartland of the nation, driven by a surge in domestic oil and gas production that is changing the economic calculus for old industries and downtrodden cities alike."
"Here in Ohio, in an arc stretching south from Youngstown past Canton and into the rural parts of the state where much of the natural gas is being drawn from shale deep underground, entire sectors like manufacturing, hotels, real estate and even law are being reshaped. A series of recent economic indicators, including factory hiring, shows momentum building nationally in the manufacturing sector."
"New energy production is 'a real game-changer in terms of the U.S. economy,' said Katy George, who leads the global manufacturing practice at McKinsey & Company, the consulting firm. 'It also creates an opportunity for regions of the country to renew themselves.'"