Economy
Main article: Economy of Allentown, PennsylvaniaAllentown's economy has historically been manufacturing-based. The city serves as the location of corporate headquarters for several large, global companies, including Air Products & Chemicals, PPL, and others. The largest employer in Allentown is Lehigh Valley Hospital and Health Network, with more than 7,800 employees.
In 2008, after more than 100 years in the city, Mack Trucks announced that their Allentown-based corporate headquarters would be relocated to Greensboro, North Carolina in 2009, though Mack continues to operate its primary manufacturing facility in neighboring Lower Macungie Township. It was expected that the move would result in the loss of approximately 600 jobs.
Read more about this topic: Allentown, Pennsylvania
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)