Economy
Main article: Economy of Omaha, NebraskaAccording to USA Today, Omaha ranks eighth among the nation's 50 largest cities in both per-capita billionaires and Fortune 500 companies. Major employers in the area include Alegent Health System, Omaha Public Schools, First Data Corporation, Methodist Health System, Mutual of Omaha, ConAgra Foods, Nebraska Medical Center, Offutt Air Force Base, and the West Corporation. With diversification in several industries, including banking, insurance, telecommunications, architecture/construction, and transportation, Omaha's economy has grown dramatically since the early 1990s. In 2001 Newsweek identified Omaha as one of the Top 10 high-tech havens in the nation. Six national fiber optic networks converge in Omaha.
Omaha's most prominent businessman is Warren Buffett, nicknamed the "Oracle of Omaha", who is regularly ranked one of the richest people in the world. Five Omaha-based companies: Berkshire Hathaway, ConAgra Foods, Union Pacific Railroad, Mutual of Omaha, and Kiewit Corporation, are among the Fortune 500.
Omaha is the headquarters of several other major corporations, including the Gallup Organization, TD Ameritrade, infoGROUP, Werner Enterprises, First National Bank and First Comp Insurance. Many large technology firms have major operations or operational headquarters in Omaha, including Bank of the West, First Data, PayPal and LinkedIn. The city is also home to three of the 30 largest architecture firms in the United States, including HDR, Inc., DLR Group, Inc., and Leo A Daly. Omaha has the fifth highest percentage of low-income African Americans in the country.
Tourist attractions in Omaha include history, sports, outdoors and cultural experiences. Its principal tourist attractions are the Henry Doorly Zoo and the College World Series. The Old Market in Downtown Omaha is another major attraction and is important to the city's retail economy. The city has been a tourist destination for many years. Famous early visitors included British author Rudyard Kipling and General George Crook. In 1883 Omaha hosted the first official performance of the Buffalo Bill's Wild West Show for eight thousand attendees. In 1898 the city hosted more than 1,000,000 visitors from across the United States at the Trans-Mississippi and International Exposition, a world's fair that lasted for more than half the year.
Research on leisure and hospitality situates Omaha in the same tier for tourists as the neighboring cities of Topeka, Kansas, Kansas City, Missouri, Oklahoma City, Oklahoma, and Denver, Colorado. A recent study found that investment of $1 million in cultural tourism generated approximately $83,000 in state and local taxes, and provided support for hundreds of jobs for the metropolitan area, which in turn led to additional tax revenue for government.
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Famous quotes containing the word economy:
“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)
“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)
“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)