Economy
As a bedroom community, the majority of Coquitlam residents commute to work in Vancouver, Burnaby, and other Metro Vancouver suburbs. Coquitlam's main industrial area lies in the southern Maillardville/Fraser Mills area near the Fraser River. Among the largest employers within Coquitlam are the City of Coquitlam with approximately 850 employees, Art in Motion with approximately 750 employees, and Boulevard Casino with approximately 600 employees. Other major employers include Coca-Cola, Sony, and the Marine Propulsion division of Rolls-Royce.
In 2007, there were 610 retail businesses in Coquitlam, and these provided 8,765 jobs (27% of all jobs) within the city. Most retail businesses are concentrated around Coquitlam Centre in the Town Centre area, and big-box retailers such as IKEA and The Home Depot in the Pacific Reach areas, with the remainder of the city's retail outlets centered around the Austin Heights and North Road sectors.
The Tri-Cities Chamber of Commerce has over 840 members including businesses, professionals, residents and other community groups, governed by a 14 person volunteer Board of Directors.
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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)