Economy
Initially, manufacturing firms were the biggest employers in Welland. The plants of companies like Union Carbide, United Steel, Plymouth Cordage Company, three drop forges, a cotton mill, and the Atlas Steels, as well as general manufacturing plants, had big influence on shaping early Welland. While recent years saw the end of Welland operations for several companies, such as John Deere which announced in September 2008 that it would be closing its plant and relocating manufacturing to Wisconsin and Mexico, businesses such as Lakeside Steel (a pipe plant formerly owned by Stelco) continues to employ residents.
Due to a large concentration of francophones in the city and resulting large degree of bilingualism, the city has been successful in bringing several call centres to Welland. Correspondingly, Canadian Tire Financial Services is presently Welland's largest employer, employing over 1,600 people in two centres.
Welland's electricity comes from the Sir Adam Beck hydroelectric generation plants at Niagara Falls via Welland Hydro. Thanks to the presence of the massive plant, power remained on in over half of Welland during the 2003 North America blackout until rolling blackouts began the next day in an effort to provide power to areas that hadn't had it for nearly 24 hours.
Read more about this topic: Welland
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)