Economy
Prior to deindustrialisation in the late-20th century, Milnrow's economy was linked closely with a spinning and weaving tradition which had evolved from developments in textile manufacture during the Industrial Revolution. Industries ancillary to textile production were also operational, such as coal mining at Tunshill, and metalworking at Butterworth Hall. Butterworth Hall Colliery was the largest colliery in the Rochdale region, employing around 300 men in 1912. Modern sectors in the area include engineering, packaging materials, dyeing and finishing, and ink production. The main street comprises a variety of shops, restaurants and food outlets.
The biggest employers are Holroyd Machine Tools, who have been based in the town since they moved from Manchester to Milnrow in 1896. In the early 20th century they operated a foundry in Whitehall Street and employed engineers and apprentices. As of 2006 Holroyd had a workforce of 160, but its parent company Renold PLC employs a further 200 people at a base in there. Global industrial and consumer packaging company Sonoco operate a warehouse in the town.
The Kingsway Business Park will be a 420-acre (1.7 km2) "business-focused, mixed use development" occupying land between Milnrow and Rochdale, adjacent to junction 21 of the M62 motorway; it is expected to employ 7,250 people directly and 1,750 people indirectly by around 2020. Kingsway Metrolink station is a station proposed in Phase 3a of the Manchester Metrolink expansion, and will serve Kingsway Business Park.
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Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)