Economy
Three major private employers in the city are CMS Energy, which provides natural gas and electrical services to much of Michigan and has its international headquarters in the city, as well as Allegiance Health (formerly Foote Hospital) and the Eaton Corporation.
Michigan Automotive Compressor, Inc. (MACI) is the largest manufacturer in Jackson County and its fourth-largest individual employer. However, in February 2009 it began offering voluntary buyouts to its workers, in reaction to the slowing economy.
Jackson is also home to a state prison complex, which includes a building once known as the largest walled prison in the world. Portions of the prison complex closed in 2007, including the Annex of the Charles Egeler Reception and Guidance Center Annex (RGC) and the Southern Michigan Correctional Facility (JMF). However, the five other facilities in the complex, including two in the old walled building, remain open: the G. Robert Cotton Correctional Facility (JCF), the Cooper Street Correctional Facility (JCS), the Charles Egeler Reception & Guidance Center (RGC), the Parnall Correctional Facility (SMT).
Read more about this topic: Jackson, Michigan
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)