Economy
For many years, Dubuque's economy was centered on manufacturing companies such as Deere and Company and Flexsteel Industries. While industry still plays a major role in the city, the economy has diversified a great deal in the last decade. Today, health care, education, tourism, publishing, and financial services are all important sectors of the city's expanding business climate. There are several major companies which are either headquartered in Dubuque, or have a significant presence in the city. Dubuque's ten largest non-government employers include:
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Some other companies with a large presence in the area include: The McGraw-Hill Companies, Diamond Jo Casino(400), A.Y. McDonald Mfg. (375), Nordstrom (250), Alliant Energy, Swiss Valley, The Metrix Company, Tschiggfrie Excavating Co., and Cottingham & Butler.
In recent years, Dubuque's economy has grown very rapidly. In fact, in 2005, the city had the 22nd-highest job growth rate in the nation, far outpacing the rest of Iowa. This ranking placed the city in a level of growth similar to Austin, Texas, and Orlando, Florida, among others. The city created over 10% of the new jobs in Iowa in 2005. Also, the number of jobs in Dubuque County has reached new all-time highs, with over 57,000 people working in non-farming jobs. Many new and existing businesses have announced significant expansion plans, including: Sedgwick CMS, McGraw-Hill Higher Education, Deere and Company, Cottingham & Butler, Quebecor World Inc., Namasco, and many others.
Read more about this topic: Dubuque, Iowa
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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 (1803–1882)
“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)