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:
“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)
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)