Economy
Plymouth is an economic and tourism center of the South Shore. The major industry is tourism, with healthcare, technical and scientific research, real estate, and telecommunications also being primary industries. The largest employer in the town is Jordan Hospital.
Plymouth has experienced commercial and industrial success, with the downtown area and North Plymouth each becoming commercial centers and an industrial park opening outside of the town center. A large commercial project titled Colony Place located near the Industrial Park was completed in late 2007. It consists of several large retail stores, various chain restaurants, and contains one of the largest outdoor designer outlet malls in the South Shore. Another large retail development that has recently finished construction off Route 3's exit 5 is The Shops at 5. The only nuclear power plant in Massachusetts, Pilgrim Nuclear Generating Station, is located in Plymouth.
Plymouth has also recently seen the development of several residential projects, among them The Pinehills, which consists of over 1,000 residential units, two golf courses, a country club, and a shopping village. When completed in 2010, it is expected to contain 2,877 homes.
Read more about this topic: Plymouth, Massachusetts
Famous quotes containing the word economy:
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—Doris Lessing (b. 1919)
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—Alexander Herzen (18121870)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (18031882)