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:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)