Economy
State Farm Insurance was previously a large-scale employer in the city, but the multi-department facility was relocated to Lincoln, Nebraska while retaining a smaller work force at another site in Mendota Heights. There are also many smaller employers, such as the Joint Commission on Allied Health Personnel in Ophthalmology and offices for financial corporations. Many Woodbury residents are employed at 3M, whose headquarters are located a few miles west in Maplewood.
A large portion of the economy is retail. The two largest retail centers are Tamarack Village, near the intersection of Radio Drive and I-94, and Woodbury Village, near the intersection of Valley Creek Road and I-494. Woodbury Lakes, an upscale retail development with an open-air mall layout, was completed in 2005.
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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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)