Economy
Marymount Hospital is the city's largest employer. City View Center, a $200,000,000 shopping complex, opened in 2006 on old landfill space. This project went bankrupt before completion and remains in an unfinished state. Its main anchor store, Walmart, closed in 2008 due to a methane leak.
The Ohio Department of Transportation has its District 12 Headquarters in the city.
Largest employers and number of employees:
- Marymount Hospital, part of the Cleveland Clinic: 1,200
- ODOT: 500
- City of Garfield Heights: 370
- Garfield Heights City Schools: 350
In 2007, Garfield Heights and its neighbor Maple Heights were mentioned by CNN/Money as two of America's affordable communities.
The Garfield Heights Chamber of Commerce was established in the 1960s and includes over 250 business members from the area.
Chart Industries a gas tank manufacturer has its World Wide Headquarters based in Garfield Heights. Chart Industries is one of fastest growing companies in the world. Its Garfield Hts Headquarters is in the Infinty Corporate Center. There is talk that Infinity Corporate Center may be renamed Chart Center. Chart is a $1billon company and has been featured on CNBC, Fox Business Network, and Bloomberg.
The Ohio Catholic Federal Credit Union is one of the largest credit unions in Ohio is based in Garfield Heights. In 2011 it had 17,456 members and $155 million in assests.
Read more about this topic: Garfield Heights, Ohio
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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“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)