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:
“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)
“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)
“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)