Economy
Central Illinois has a diverse economy consisting of a variety of industries. Agriculture is the most significant industry in the region and ranges in scope from small farms to mass-production farms. Most counties in Central Illinois have an agriculture-based economy. Common crops grown are soybeans, corn, grain and the newly-emerging watermelon. County fairs and the Illinois State Fair help to promote agriculture in the region and also offer entertainment. The manufacturing industry is also significant. Caterpillar Inc. employs 4000 workers in the region and is headquartered in Peoria. The Illinois government in Springfield is also a major employer of people in the region. Popular tourist sites include the Lincoln Home National Historic Site, the Old State Capitol, and the Abraham Lincoln Presidential Library and Museum. Military makes up a smaller part of the economy, but used to be much larger until the closing of bases like Chanute Air Force Base.
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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 basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)