Industry
Since raising crops was not easy, raising sheep was popular. This yielded the development of a strong textile industry. In the 1950s, Reutlingen was the German town with the highest number of millionaires, until the decline of the German textile industry hit them as well. Still, many high quality textile companies can be found, such as Hugo Boss, Trigema, Reusch, Groz-Beckert and others (the town of Metzingen is widely known as a "luxury outlet town", with people from all over Europe coming to buy expensive clothes cheaper).
From this, machine building and advanced engineering developed. With the invention of cars and the founding of Daimler-Benz nearby, the car industry and later also electronics and computer industries developed. The "Neckar-Alb" region is the third largest industrial zone in Germany, and the most stable. The best known company is still Daimler-Benz, today known simply as Daimler AG, followed by Robert Bosch.
The region has one of the highest patents-to-population ratios in the world. Many products fall into the high-tech category. The small and medium enterprise sector (100-5,000 employees) predominates. Perhaps as a result, the unemployment rate is low. In general, products are expensive but compete through high quality. Several districts are recognised as especially attractive to business, e.g. Reutlingen as the town in Germany where it is simplest to open a new business. Educational resources are at a high level. The schools and universities of the region all enjoy top rankings within Germany. The Swabian Jura and the neighbouring region have developed from one of the poorest regions of Germany to one of its richest within the past 150 years.
Read more about this topic: Swabian Jura
Famous quotes containing the word industry:
“Your representative owes you, not his industry only, but his judgement; and he betrays instead of serving you if he sacrifices it to your opinion.”
—Edmund Burke (1729–1797)
“You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word.”
—Andrew Jackson (1767–1845)
“... we’re not out to benefit society, to remold existence, to make industry safe for anyone except ourselves, to give any small peoples except ourselves their rights. We’re not out for submerged tenths, we’re not going to suffer over how the other half lives. We’re out for Mary’s job and Luella’s art, and Barbara’s independence and the rest of our individual careers and desires.”
—Anne O’Hagan (1869–?)