Economy
The Knowledge Corridor region has a workforce of 1.1 million people and over 41,000 businesses. It is home to six Fortune 500 Companies. Its two major cities, Hartford and Springfield, have a combined GDP exceeding $100 billion per year, more than 16 U.S. States. This figure does not include the smaller cities and towns of the Knowledge Corridor, (e.g., Northampton, Massachusetts and Middletown, Connecticut, but only the two principal cities.) The Knowledge Corridor, collectively, has one of the highest per capita incomes in the United States.
As of its ten-year anniversary in 2010, the Knowledge Corridor Partnership has been cited for both increasing jobs and keeping jobs in the Hartford-Springfield region, e.g. Eppendorf in Enfield, Connecticut brought over 200 jobs to the Corridor, and Liberty Mutual in Springfield brought over 300 new jobs. It is reported that "officials in Connecticut don’t get jealous if they lose a prospect to Massachusetts and vice versa... Because, if the weren't working together, these companies wouldn't even consider us."
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Famous quotes containing the word economy:
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)