Economy
Central Michigan's economy is primarily agricultural, and some automobile manufacturing. Major crops include corn, sugar beets, and soy beans. Until 2004, Mid-Michigan (specifically Lansing) was also known for being the location of the main Oldsmobile plant for General Motors. General Motors operates the Flint Truck Assembly factory in Flint and Powertrain plants in Flint, Bay City, and Saginaw. The Michigan Sugar Company, which is a cooperative owned by 1,250 farmers, operates factories in Bay City, Caro, Croswell, and Sebewaing. The Dow Chemical Company's world headquarters is based in Midland. The world headquarters of Nexteer Automotive is located in Saginaw. S.C. Johnson and Son has a manufacturing facility in Bay City making Ziploc products.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)