Economy
Prior to 1960, the Production Engineering Research Association of Great Britain (PERA) came to the town on Nottingham Road and employed around four hundred people in supporting research and development in industry. It is also home to the East Midlands Manufacturing Advisory Service.
In 2000, the East Midlands Regional Assembly (EMRA) was based in a building also on Nottingham Road.
Petfoods came to the town in 1951 as Chappie Ltd, employing at its peak over two thousand people, it now employs around one thousand. It changed its name Petfoods in 1957, Pedigree Petfoods in 1972 and most recently Masterfoods in January 2002. At Melton, it makes four million items of petfood every day, which is less than it used to. Masterfoods now have their UK headquarters close to Melton at Waltham-on-the-Wolds.
Read more about this topic: Melton Mowbray
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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—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)