Economy
Marymount Hospital is the city's largest employer. City View Center, a $200,000,000 shopping complex, opened in 2006 on old landfill space. This project went bankrupt before completion and remains in an unfinished state. Its main anchor store, Walmart, closed in 2008 due to a methane leak.
The Ohio Department of Transportation has its District 12 Headquarters in the city.
Largest employers and number of employees:
- Marymount Hospital, part of the Cleveland Clinic: 1,200
- ODOT: 500
- City of Garfield Heights: 370
- Garfield Heights City Schools: 350
In 2007, Garfield Heights and its neighbor Maple Heights were mentioned by CNN/Money as two of America's affordable communities.
The Garfield Heights Chamber of Commerce was established in the 1960s and includes over 250 business members from the area.
Chart Industries a gas tank manufacturer has its World Wide Headquarters based in Garfield Heights. Chart Industries is one of fastest growing companies in the world. Its Garfield Hts Headquarters is in the Infinty Corporate Center. There is talk that Infinity Corporate Center may be renamed Chart Center. Chart is a $1billon company and has been featured on CNBC, Fox Business Network, and Bloomberg.
The Ohio Catholic Federal Credit Union is one of the largest credit unions in Ohio is based in Garfield Heights. In 2011 it had 17,456 members and $155 million in assests.
Read more about this topic: Garfield Heights, Ohio
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)