Economy
The town centre is currently subject to a new multi-million pound investment, and Blackburn with Darwen Council have already made some refurbishments and renovations of key public places, notably the Church Street area with its Grade II listed art deco Waterloo Pavilions complemented by street furniture and sculptures. The Mall Blackburn (formerly known as Blackburn Shopping Centre) is the main shopping centre in Blackburn with over 130 shops and 400 further outlets close by. Blackburn Market opened in a new site under the shopping centre in June 2011 and now opens six days a week (Monday to Saturday) . The previous market was based on the other side of Ainsworth Street. It first opened on this site in 1964, where there were a 3-day market (Wednesday, Friday, Saturday) and the Market Hall (Monday-Saturday). The town centre was expanded by construction of the Grimshaw Park retail development (including Blackburn Arena) in the 1990s. The adjacent Townsmoor Retail Park and Peel Leisure and Retail Park are more recent developments.
One of the town's most well-known shops, the shoe store Tommy Ball's, closed in May 2008 after going into administration. The town's oldest store, Mercer & Sons, also closed after a decline in sales blamed on the credit crunch. It opened in 1840 and was originally an ironmonger but the public store converted to selling toys, household goods and hardware. However in January 2009 the directors of the company announced that the shop would close following a 30-day statutory consultation, unless they change their mind or a buyer is found. The markets continue to offer a wide range of local produce—Lancashire cheeses, tripe, Bowland beef and lamb can all be found. Walsh's Sarsaparilla stall decided not to move into the new market development. The market moved into the Mall shopping centre in 2011, and now opens six days a week.
Major employers in Blackburn include: Blackburn College Daniel Thwaites brewery, BAE Systems (Samlesbury Aerodrome site, located at Salmesbury, Lancashire, northwest of Blackburn); Blackburn with Darwen Borough Council; and the East Lancashire Hospitals NHS Trust (based at the Royal Blackburn Hospital).
A trade park, Drumstone Trade Park near the town centre, has trade outlets.
Numerous business parks exist in and around the town.
Read more about this topic: Blackburn
Famous quotes containing the word economy:
“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)
“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)