Economy
In the 1980s and 1990s, Gweedore had a thriving factory industry, where up to 20 large companies were established producing rubber, carpets, body toning equipment and cleaning agents. However, by 2001 most of these companies had closed due to competition from Eastern Europe. Up to 4,000 jobs were lost, and this had a serious economic and social effect on Gweedore and surrounding areas. The factory in the townland of Crolly has been manufacturing porcelain dolls since 1939 under the name Crolly Dolls.
In 2003, the estate was renamed Páirc Ghnó Ghaoth Dobhair (Gweedore Business Park) and the Gaeltacht body, Údarás na Gaeltachta, started a campaign to try to entice businesses to Gweedore in hope of reviving the local economy. A Scottish company opened a call centre on the estate, but this subsequently closed. Other businesses include a number supermarkets, convenience stores, beauticians, hairdressers, contractors, garages, pharmacists, pubs, cafes, and six well-established hotels: Ostan Gweedore, Seaview Hotel, Derrybeg Hotel, Teach Jack, An Chúirt Hotel and Foreland Heights.
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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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)