Economy
Initially, manufacturing firms were the biggest employers in Welland. The plants of companies like Union Carbide, United Steel, Plymouth Cordage Company, three drop forges, a cotton mill, and the Atlas Steels, as well as general manufacturing plants, had big influence on shaping early Welland. While recent years saw the end of Welland operations for several companies, such as John Deere which announced in September 2008 that it would be closing its plant and relocating manufacturing to Wisconsin and Mexico, businesses such as Lakeside Steel (a pipe plant formerly owned by Stelco) continues to employ residents.
Due to a large concentration of francophones in the city and resulting large degree of bilingualism, the city has been successful in bringing several call centres to Welland. Correspondingly, Canadian Tire Financial Services is presently Welland's largest employer, employing over 1,600 people in two centres.
Welland's electricity comes from the Sir Adam Beck hydroelectric generation plants at Niagara Falls via Welland Hydro. Thanks to the presence of the massive plant, power remained on in over half of Welland during the 2003 North America blackout until rolling blackouts began the next day in an effort to provide power to areas that hadn't had it for nearly 24 hours.
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Famous quotes containing the word economy:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)