Economy
Watford is a major regional centre for the northern home counties. It is the most westerly of these commercial centres and the only one in Hertfordshire. Hertfordshire County Council designates Watford and Stevenage to be its major sub-regional centres, heading its list of preferred sites for retail development. The primary shopping area is the Harlequin Shopping Centre, a large purpose-built indoor mall with over 140 shops, restaurants and cafes built during the 1990s, opened officially in June 1992.
High Street, running through the town centre, is the main focus of activity at night having a high concentration of the town's bars, clubs and restaurants.
The head offices of a number of national companies such as British Waterways, J D Wetherspoon, Camelot Group, operator of the National Lottery; Iveco, manufacturers of commercial vehicles; Haden Young, the building services division of Balfour Beatty; Bathstore, the largest bathroom retailer in the UK; construction firm Taylor Woodrow; and Mothercare, are located in the town. The borough is also the UK base of many multi-nationals including C.H. Robinson, Total Oil, Sanyo, TK Maxx, Costco, Vinci and Beko. International golf tournaments such as the 2006 World Golf Championship have taken place at the Grove hotel.
The town was home to the Scammell Lorries Factory from 1922 until its closure in 1988. The site is now a residential area. Tandon Motorcycles, founded by Devdutt Tandon, were also manufactured in Colne Way, By-Pass road, Watford from 1947 until 1959. Models included the Imp, the Milemaster, the Superglide and the Kangaroo.
Plans are underway to develop a new health campus complete with heliport adjacent to the site of the current Watford General Hospital.
Read more about this topic: Watford
Famous quotes containing the word economy:
“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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)