Economy
Johnson City is an economic hub largely fueled by East Tennessee State University and the medical "Med-Tech" corridor, anchored by the Johnson City Medical Center, Franklin Woods Community Hospital, Saratoga Technologies, Inc., ETSU's Gatton College of Pharmacy and ETSU's Quillen College of Medicine.
Johnson City is currently ranked #35 "Best Small Place for Business and Careers" in the USA. Due to its climate, high quality health care and affordable housing, it is ranked #8 "Best Place for African Americans to Retire" by Black Enterprise magazine. Kiplinger ranked Johnson City #5 in "The 10 Least-Expensive Cities For Living in the U.S.A.", stating the low cost of living is attributed to affordable homes and below-average utility, transportation and health-care costs.
The popular citrus soda, Mountain Dew, traces its origins to Johnson City. In July 2012, PepsiCo announced that a new, malt-flavored version of the drink will be named Mountain Dew Johnson City Gold, in honor of the city. The drink will be test marketed in the Chicago metropolitan area, as well as Denver, Colorado, Charlotte, North Carolina, beginning in late August.
Read more about this topic: Johnson City, Tennessee
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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)