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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)