Economy
The Knowledge Corridor region has a workforce of 1.1 million people and over 41,000 businesses. It is home to six Fortune 500 Companies. Its two major cities, Hartford and Springfield, have a combined GDP exceeding $100 billion per year, more than 16 U.S. States. This figure does not include the smaller cities and towns of the Knowledge Corridor, (e.g., Northampton, Massachusetts and Middletown, Connecticut, but only the two principal cities.) The Knowledge Corridor, collectively, has one of the highest per capita incomes in the United States.
As of its ten-year anniversary in 2010, the Knowledge Corridor Partnership has been cited for both increasing jobs and keeping jobs in the Hartford-Springfield region, e.g. Eppendorf in Enfield, Connecticut brought over 200 jobs to the Corridor, and Liberty Mutual in Springfield brought over 300 new jobs. It is reported that "officials in Connecticut don’t get jealous if they lose a prospect to Massachusetts and vice versa... Because, if the weren't working together, these companies wouldn't even consider us."
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Famous quotes containing the word economy:
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)