Economy
Today, Jena is a manufacturing city, specializing in precision machinery, pharmaceuticals, optics and photographic equipment and is home to the famous Zeiss optics plant. In 1926, the world's first modern planetarium was built by the Zeiss company in the Damenviertel district of the town.
Today, the city's economy diversifies into bioinformatics, biotechnology, software and photonics. The metropolitan area of Jena is among Germany's 50 fastest growing regions, with many internationally renowned research institutes and companies, a comparatively low unemployment and a very young population structure. Jena was awarded the title "Stadt der Wissenschaft" (city of science) by the Stifterverband für die Deutsche Wissenschaft, a German science association, in 2008.
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Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)