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:
“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)
“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)