Economy
The traditional industrial sector in Port Moody is characterized by a deep-sea bulk loading terminal, two petrochemical distribution operations, a large wood products manufacturer, and a thermal electric generating station. Light industry, home-based business, and crafts and cultural businesses are also common in Port Moody, along with a growing health and social services sector.
Port Moody’s economic development focus in recent years has been on the arts and culture sector, including the development of a new Port Moody identity as the “City of the Arts.” An estimated 6% of employment in Port Moody is in arts and culture, which is one of the highest concentrations of arts and culture employment in the region.
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Famous quotes containing the word economy:
“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)
“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)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)