Economy
Longford's main industries are food production, sawmills, steelworking, generator retailing, cable making and the production of medical diagnostics. It is the major services centre for the county as well as the location of the Department of Social Welfare and the Irish Prison Service. The town is also a local commercial centre, with many retail outlets including multiples such as Tesco, Argos and Homebase, German discount retailers, Aldi and Lidl and Irish retail outlets such as Dunnes Stores and Penneys.
Up until 2007, construction was a major local employer, mainly due to government tax breaks for property development provided under the Rural Renewal scheme. However the downturn in the construction industry, the withdrawal of Rural Renewal, and extensive local oversupply of property has caused large job losses in the construction industry and a significant increase in unemployment in the region.
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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)
“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)