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.
Read more about this topic: Woodbury, Minnesota
Famous quotes containing the word economy:
“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)
“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)