6/19/15

Space Featured in Columbus Business First’s 2015 “20 People to Know in Energy” List

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Zack Space, a principal with Vorys Advisors, was featured in Columbus Business First’s 2015 “20 People to Know in Energy” List.  The list featured 20 individuals that are “front and center in the industry,” including energy company CEOs, environmental engineers, manufacturers and consultants.

Space, a resident of Dover, represented Ohio’s former 18th Congressional District from 2007-2011, where he sat on the prestigious Energy and Commerce Committee.  Many of the 16 counties Space represented in Washington overlay the Utica and Marcellus Shale Plays.  In his role at Vorys Advisors, Space consults with local governments, nonprofit institutions and private developers throughout eastern Ohio. 

“Our corner of the world has been presented with a great opportunity,” Space said, in citing the shale boom.  “But, it is not without its challenges.  Many local government officials, educational institutions and developers are struggling to get their heads around this burgeoning oil and gas industry.  I try to help them better understand the challenges, and leverage all this activity for long-term, sustainable growth.”

In addition to being included on the list, an interview with Space was published in the paper.  The interview included the following questions:

“How did you get into the energy industry? While serving in Congress, I was a member of the House Energy and Commerce Committee. My former district had a long tradition as a natural resource-based (coal, natural gas and oil) energy economy. My role at Vorys Advisors has allowed me to leverage my local relationships in southeastern Ohio and my experience with energy policy in ways that have assisted both local Appalachian communities and energy companies. I find ways to maximize the opportunities available to both populations related to the Utica and Marcellus shale plays.

What is the biggest challenge for the energy industry in 2015? The industry has been presented with enormous opportunities in eastern Ohio, but there also many challenges. Work force development and private and public infrastructure build-out are two of the more obvious challenges that the industry, local political subdivisions and educational institutions have been working very effectively on. Perhaps the biggest challenge, however, is the uncertainty associated with state regulatory and tax policies. More specifically, the industry – as well as the local economy and culture – will need sensible, consistent policies to foster long-term, sustainable growth. Ultimately, the benefits associated with policies that account for both local and industry concerns will transcend the oil and gas industry by promoting a robust, downstream manufacturing economy. Something that Appalachian Ohio needs and deserves.”

To read the entire interview, visit the Columbus Business First website. (Subscription may be required).