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)
“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)