Economy
Prior to deindustrialisation in the late-20th century, Milnrow's economy was linked closely with a spinning and weaving tradition which had evolved from developments in textile manufacture during the Industrial Revolution. Industries ancillary to textile production were also operational, such as coal mining at Tunshill, and metalworking at Butterworth Hall. Butterworth Hall Colliery was the largest colliery in the Rochdale region, employing around 300 men in 1912. Modern sectors in the area include engineering, packaging materials, dyeing and finishing, and ink production. The main street comprises a variety of shops, restaurants and food outlets.
The biggest employers are Holroyd Machine Tools, who have been based in the town since they moved from Manchester to Milnrow in 1896. In the early 20th century they operated a foundry in Whitehall Street and employed engineers and apprentices. As of 2006 Holroyd had a workforce of 160, but its parent company Renold PLC employs a further 200 people at a base in there. Global industrial and consumer packaging company Sonoco operate a warehouse in the town.
The Kingsway Business Park will be a 420-acre (1.7 km2) "business-focused, mixed use development" occupying land between Milnrow and Rochdale, adjacent to junction 21 of the M62 motorway; it is expected to employ 7,250 people directly and 1,750 people indirectly by around 2020. Kingsway Metrolink station is a station proposed in Phase 3a of the Manchester Metrolink expansion, and will serve Kingsway Business Park.
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)