Economy
Numerous guides such as the 2004 book Cities Ranked and Rated: More than 400 Metropolitan Areas Evaluated in the U.S. and Canada have mentioned Gainesville's low cost of living. The restaurants near the University of Florida also tend to be inexpensive. The property taxes are high to offset the cost of the university, as the university's land is tax-exempt. However, the median home cost remains slightly below the national average, and Gainesville residents, like all Floridians, do not pay state income taxes.
This city's job market scored only 6 points out of a possible 100 in the Cities Ranked and Rated guide, as the downside to the low cost of living is an extremely weak local job market that is oversupplied with college-educated residents. The median income in Gainesville is slightly below the U.S. average.
The city of Gainesville promotes solar power by allowing small businesses and homeowners to supply electricity into the municipal power grid under favorable tariff. Presently purchasing rate is set at $0.32 per kilowatt-hour.
The sports drink Gatorade was invented in Gainesville in the 1960s as a means of refreshing the UF football team. UF still receives a share of the profits from the beverage. However, Gatorade's headquarters are now located in Chicago, Illinois.
Read more about this topic: Gainesville, Florida
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)
“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 (1844–1900)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)