Economy
North Bay is more economically diverse than many other Northern Ontario communities, although a large percentage of the city's jobs are public sector in nature with health, education and government dominating the list of the city's top employers.
North Bay is the home of Nipissing University, founded in 1992 (previous name North Bay Normal School 1909-1953, North Bay Teachers College 1953-1973, Nipissing University affiliated to Laurentian University 1973-1992, independent public university separated from Laurentian University in 1992., and of Canadore College, founded in 1967) Approximately 10,000 full-time students (and thousands more part-time students) are enrolled at the two post-secondary institutions, which share a campus in the west end of the city.
North Bay is the site of CFB North Bay (22 Wing), which maintains a North American Aerospace Defence Command control centre, with operations formerly taking place inside a facility located deep underground, similar to, but on a much smaller scale than, the famous Cheyenne Mountain base in Colorado. As of October 2006, operations were moved out of the "Hole" to the David L Pitcher Building near the north entrance to the underground facility. Although historically the base hosted a large number of air units and air force personnel, today it employs approximately 500 personnel. North Bay is also home to The Algonquin Regiment, A Coy, a Canadian Force Army Reserve unit. B Coy of The Algonquin Regiment is located in Timmins.
The service industry, tourism, and transportation also play a significant role in the city's economy, as well as primary industry companies.
In recent years the city has gained prominence as a hub of arts and culture in Ontario, due to its vibrant community of artists, musicians, actors and writers. In 2004, the TVOntario program Studio 2 selected North Bay as being one of the top three most artistically talented communities in the province.
In August 2009, the comedy troupe The Kids in the Hall began filming their mini-series Death Comes to Town on location in North Bay.
Read more about this topic: North Bay, Ontario
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)
“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)
“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)