Economy
The city's economy, originally chiefly industrial with shoemaking a large sector, has changed throughout the 1980s and 90s to a service-based economy. Aviva (formerly known as Norwich Union) still dominates these, but has been joined by other insurance and financial services companies.
New developments on the former Boulton and Paul site include the Riverside entertainment complex with nightclubs and other venues featuring the usual national leisure brands. Nearby, the football stadium is being upgraded with more residential property development alongside the river Wensum.
Archant, formerly known as Eastern Counties Newspapers (ECN) is a national publishing group that has grown out of the city's local newspaper, the Norwich Evening News and the regional Eastern Daily Press (EDP).
Norwich has long been associated with the manufacture of mustard. The world famous Colman's brand, with its yellow packaging, was founded in 1814 and continues to operate from its factory at Carrow. Colman's is now being exported world wide by its parent company Unilever (Unilever UK Export) putting Norwich on the map of British heritage brands. The Colman's Mustard Shop, which sells Colman's products and related gifts, is located in the Royal Arcade in the centre of Norwich.
To the south-west of the city is the Norwich Research Park, which as of 2012 is set to undergo a period of investment and expansion. The NRP comprises a community of research organisations with world-leading science credentials, including the Institute of Food Research and the John Innes Centre, as well as over thirty science and technology based businesses, the University of East Anglia and the Norfolk and Norwich University Hospital.
Norwich's night-time economy of bars and nightclubs is mainly located in Tombland, Prince of Wales Road and the Riverside area adjacent to Norwich railway station.
Read more about this topic: Norwich
Famous quotes containing the word economy:
“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)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)