Secretary of Commonwealth says Marcellus Shale is Creating Finance Industry Jobs in Pennsylvania

STATE COLLEGE, Pa., Aug. 30, 2011 /PRNewswire-USNewswire/ -- Secretary of the Commonwealth Carol Aichele today outlined the positive job impact of the Marcellus Shale gas industry on the financial sector, and the Corbett Administration's support of future economic opportunities for financial professionals.

"A Penn State study shows the Marcellus Shale industry has created about 4,200 jobs in the finance and insurance sectors," Aichele told more than 150 certified public accountants at a two-day conference on Marcellus Shale issues, hosted by the Pennsylvania Institute of CPAs in State College. "This kind of job creation throughout our economy is why Governor Corbett is doing all he can to support Marcellus Shale development in Pennsylvania."

Pennsylvania Department of Labor and Industry statistics indicate there were more than 218,000 in-state jobs in Marcellus Shale core and ancillary industries by the end of 2010.

The Department of State, which licenses 29 professions including accountants, is working with the State Board of Accountancy to encourage continuing education providers to offer courses dealing specifically with Marcellus Shale development in Pennsylvania, Aichele said. The board will accept Marcellus Shale courses provided by an approved program sponsor and contributing directly to the maintenance of professional competence of a CPA or public accountant.

"Having specific training in the many areas of business and personal income and taxes arising from the Marcellus Shale industry will provide opportunities for our license holders to increase their business, and create jobs in the financial services industry," Aichele said. "By providing continuing education courses from approved program sponsors, we can assure businesses and individuals receiving income from Marcellus Shale they can have confidence in our license holders to give sound advice and make the most of this economic opportunity."

Aichele said this policy dovetails with the Pennsylvania Institute of CPAs' creation of a Marcellus Shale task force to identify ways for financial professionals to take advantage of this growing industry in Pennsylvania.

Media contact: Ron Ruman, 717-783-1621

SOURCE Pennsylvania Department of State

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED