Economy
Duluth is the regional hub not only of its own immediate area but also of a larger area encompassing northeastern Minnesota, northwestern Wisconsin, and the western Upper Peninsula of Michigan. It is a major transportation center for the transshipment of coal, taconite, agricultural products, steel, limestone, and cement. In recent years it has seen strong growth in the transshipment of wind turbine components coming and going from manufacturers in both Europe and North Dakota and of oversized industrial machinery manufactured all around the world and destined for the tar sands oil extraction projects in northern Alberta.
Duluth is also a center for aquatic biology and aquatic science. The city is home to the EPA's Mid-Continent Ecology Division Laboratory and the University of Minnesota-Duluth. These institutions have spawned many economically and scientifically important businesses that support Duluth's economy. A short list of these businesses include ERA laboratories, LimnoLogic, the ASci Corporation, Environmental Consulting and Testing, and Ecolab.
The city is a popular center for tourism. Duluth is a convenient base for trips to the scenic North Shore via Highway 61 and to fishing and wilderness destinations in Minnesota's far north, including the Superior National Forest and the Boundary Waters Canoe Area. Tourists also may drive on the North Shore Scenic Drive to Gooseberry Falls State Park, Baptism Falls (Minnesota's largest waterfall), the vertical cliff of Palisade Head, Isle Royale National Park (reached via ferry), Grand Portage National Monument in Grand Portage, and High Falls of the Pigeon River (on the Canadian border). Thunder Bay, Ontario, can be reached by following the highway into Canada along Lake Superior.
Read more about this topic: Duluth, Minnesota
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 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)
“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)