Economy
The Knowledge Corridor region has a workforce of 1.1 million people and over 41,000 businesses. It is home to six Fortune 500 Companies. Its two major cities, Hartford and Springfield, have a combined GDP exceeding $100 billion per year, more than 16 U.S. States. This figure does not include the smaller cities and towns of the Knowledge Corridor, (e.g., Northampton, Massachusetts and Middletown, Connecticut, but only the two principal cities.) The Knowledge Corridor, collectively, has one of the highest per capita incomes in the United States.
As of its ten-year anniversary in 2010, the Knowledge Corridor Partnership has been cited for both increasing jobs and keeping jobs in the Hartford-Springfield region, e.g. Eppendorf in Enfield, Connecticut brought over 200 jobs to the Corridor, and Liberty Mutual in Springfield brought over 300 new jobs. It is reported that "officials in Connecticut don’t get jealous if they lose a prospect to Massachusetts and vice versa... Because, if the weren't working together, these companies wouldn't even consider us."
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Famous quotes containing the word economy:
“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)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)