Economy
Mount Vernon was the birthplace of Cooper Industries. There is a large industrial complex in the western part of the city that manufactures and repairs products for the gas and oil power generation industries. It is now Rolls-Royce Energy Systems, Inc., a subsidiary of Rolls-Royce North America, which is in turn, a subsidiary of Rolls-Royce plc.
Ariel Corporation, a major manufacturer of reciprocating natural gas (and other gasses) compressors, is also located in Mount Vernon. Its history is tied to that of Cooper Industries in that Jim Doane, one of the founders of Ariel, was a former engineer for Cooper Industries Mount Vernon. Ariel's website can be found at arielcorp.com.
Two universities in Mount Vernon and Gambier, Ohio provide thousands of jobs to the local residents. Mount Vernon is home to Mount Vernon Nazarene University and Gambier, Ohio is home to Kenyon College.
Read more about this topic: Mount Vernon, Ohio
Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)
“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)