Economy
Lower Manhattan is the fourth largest business district in the United States, after Midtown Manhattan, the Chicago Loop, and Washington, D.C., and will regain the title of 3rd after the completion of 1 World Trade Center, and the three other skyscrapers at the site.
55 Water Street houses the headquarters of EmblemHealth and Standard & Poor's. HIP Health Plan of New York, which became a part of EmblemHealth, moved there with 2,000 employees in October 2004. It was the largest corporate relocation in downtown Manhattan following the September 11 attacks.
The headquarters of AOL are located at 770 Broadway. At 200 West Street, the investment banking company Goldman Sachs has finished construction of their world headquarters. The headquarters of Verizon Communications are located at 140 West Street. The headquarters of Ambac Financial Group are in Lower Manhattan. The headquarters of PR Newswire are in Lower Manhattan. Nielsen Company and subsidiary Nielsen Media Research have their headquarters in Lower Manhattan.
Prior to the September 11 attacks, One World Trade Center served as the headquarters of Cantor Fitzgerald. Prior to its dissolution, the headquarters of US Helicopter were in Lower Manhattan. When Hi Tech Expressions existed, its headquarters were in Lower Manhattan.
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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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)