Economy
The town is a centre for the timber-frame house building industry with Kingspan Century being the largest of its kind in Europe and has a large furniture manufacturing industry. Engineering also features in the region with both Moffett and Combilift major participants in the materials handling market. There is a campaign to boost tourism by reopening the Ulster Canal in a scheme which would eventually allow boats to travel from towns in Northern Ireland, such as Newry, by way of Monaghan to places as far south as Limerick, as well as Dublin.
Monaghan once had a thriving furniture manufacturing industry. Since 1990, this has diminished greatly under global competition. However, notable manufacturers such as Rossmore Furniture(which took its name from the magnificent Rossmore Forest Park, situated just outside the town) continue to operate from the town.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“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)