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:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)