Chester's main industries are now the service industries comprising tourism, retail, public administration and financial services. Many domestic and international tourists visit to view the cities landmarks and heritage with a complimentary benefit to hotels and restaurants.
The city's central shopping area includes its unique Rows or galleries (two levels of shops) which date from medieval times and are believed to include the oldest shop front in England. The city has many chain stores, and also features an indoor market, a department store (Browns of Chester, now absorbed by the Debenhams chain), and two main indoor shopping centres: The Grosvenor Shopping Centre and the Forum (a reference to the City's Roman past). The Forum, which houses stores and the indoor market, will be demolished in the Northgate Development scheme to make way for new shopping streets, a new indoor market, an enlarged library, a car park and bus station, and a performing arts centre. There are retail parks to the west and south. Cheshire Oaks Designer Outlet and Broughton Retail Park are near the city.
Chester has a relatively large financial sector including Bank of America, formerly MBNA Europe, NFU Mutual, HBOS plc and M&S Money. The price comparison website moneysupermarket.com is based over the Welsh border in Ewloe. Chester has its own university, the University of Chester, and a major hospital, the Countess of Chester Hospital, named after Diana, Princess of Wales and Countess of Chester.
Just over the Welsh border to the west, Broughton is home to a large Airbus UK factory (formerly British Aerospace), employing around 6,000 staff, where the wings of the Airbus aeroplanes are manufactured, and there are food processing plants to the north and west. The Iceland frozen food company is based in nearby Deeside.
Read more about this topic: Chester
Other articles related to "economy":
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
... During its history Quincy has been known as a manufacturing and heavy industry center, with granite quarrying dominating employment in the 19th century and shipbuilding at Fore River Shipyard and Squantum Victory Yard rising to prominence in the 20th century ... The recent decades have seen a shift in focus to several large employers in the financial services, insurance and health care sectors of the economy ...
... Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment that was well below the average ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... people fully employed, governments have to run deficits when the economy is slowing, as the private sector would not invest enough to keep production at the ...
... Scotland has a western style open mixed economy that is closely linked with the rest of Europe and the wider world ... Traditionally, the Scottish economy has been dominated by heavy industry underpinned by the shipbuilding in Glasgow, coal mining and steel industries ... a manufacturing focus towards a more service-oriented economy ...
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...
Famous quotes containing the word economy:
“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 (18031882)
“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 (18171862)
“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 (18441900)