Economy
Many of Horwich's traditional industries, Horwich Works and W.T. Taylor's cotton mill closed in the late 20th century. Regeneration was led by the construction of the Reebok Stadium for Bolton Wanderers at Middebrook in 1995. The development which stretches into neighbouring Lostock, attracted industrial and commercial users including Hitachi, generating jobs to replace those lost in the old industries and the area is now dominated by small and medium enterprises. E.ON and RBS have set up offices close the Reebok stadium. Watson Steel Structures founded in 1933 and BAe's successor company, Matra BAe Dynamics operates from the Middlebrook area. Georgia Pacific has a paper manufacturing plant close to the Reebok Stadium. Halbro, manufacturers of sportswear and equipment for both codes of rugby, is based on Chorley New Road.
There are Tesco and Asda stores on the outskirts of town and Aldi and Iceland stores closer to the town centre. EU grants have contributed to new "traditional style" shop fronts in the town centre, which has many small specialist shops. The Horwich indoor market building was closed and demolished in 2009 but there is a weekly outdoor market.
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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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)