Economy
The town is a centre for the timber-frame house building industry with Kingspan Century being the largest of its kind in Europe and has a large furniture manufacturing industry. Engineering also features in the region with both Moffett and Combilift major participants in the materials handling market. There is a campaign to boost tourism by reopening the Ulster Canal in a scheme which would eventually allow boats to travel from towns in Northern Ireland, such as Newry, by way of Monaghan to places as far south as Limerick, as well as Dublin.
Monaghan once had a thriving furniture manufacturing industry. Since 1990, this has diminished greatly under global competition. However, notable manufacturers such as Rossmore Furniture(which took its name from the magnificent Rossmore Forest Park, situated just outside the town) continue to operate from the town.
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Famous quotes containing the word economy:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)