Economy
Troy, like many older industrial cities, has been battered by industrial decline and the migration of jobs to the suburbs. Nevertheless, the presence of Rensselaer Polytechnic Institute has helped Troy develop a small high-technology sector, particularly in video game development. The downtown core also has a smattering of advertising and architecture firms, and other creative businesses attracted by the area's distinctive architecture. Rensselaer Polytechnic Institute is the city's largest private employer.
Read more about this topic: Troy, New York
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)
“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)