Economy
Education and research are important to the city, through the University of Waikato and the Waikato Institute of Technology (Wintec). Research at the Ruakura research centres have been responsible for much of New Zealand's innovation in agriculture. Hamilton's main revenue source is the dairy industry, due to its location in the centre of New Zealand's largest dairying area – the Waikato region.
Hamilton annually hosts the National Agricultural Fieldays at Mystery Creek, the southern hemisphere's biggest agricultural trade exhibition. Mystery Creek is the country's largest event centre and hosts other events of national importance, such as the National Car Show and the National Boat Show.
Manufacturing and retail are also important to the local economy, as is the provision of health services through the Waikato Hospital. The city is home to New Zealand's largest aircraft manufacturer, Pacific Aerospace, which manufactured its 1,000th aircraft in August 2009, and Micro Aviation NZ which manufactures and exports high-quality microlight aircraft. It also has its largest concentration of trailer-boat manufacturers such as Buccaneer.
Recent years have seen the firm establishment of the New Zealand base of the British flight training organisation CTC Aviation. CTC trains over one hundred airline pilots a year at its "Crew Training Centre" at Hamilton Airport.
Tainui Group Holdings Ltd, the commercial arm of the Waikato tribe, is one of Hamilton's largest property developers. The Waikato tribe is one of the city's largest landowners. Tainui owns land at The Base, Centre Place, The Warehouse Central, University of Waikato, Wintec, the Courthouse, Fairfield College, and the Ruakura AgResearch centre. The Waikato tribe is a major shareholder of the Novotel Tainui and the Hotel Ibis. It has developed the large retail centre The Base in the old Te Rapa airforce base site which was returned to Tainui, following confiscation in the 1860s, as part of a 1995 Treaty of Waitangi settlement. In mid-2010, The Base was further expanded with Te Awa Mall complex stage 1. Many large retailers such as Farmers have located at Te Awa. In 2011 a further stage was opened, with movie theatres, restaurants, shops and an underground carpark.
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Famous quotes containing the word economy:
“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)
“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)
“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)