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:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)