Economy
The major industry of Renfrew was previously shipbuilding. Simons and Lobnitz, most notable for building sand dredgers were based in the town. The Renfrew shipyard closed in the early 1960s.
Further expansion of Renfrew's economy took place in 1938 with the opening of Hillington industrial estate, now named Hillington Park, not to be confused with Hillington housing estate in the city of Glasgow.
Renfrew is home to the engineering company Doosan Babcock (formerly Babcock and Wilcox), the King George V Dock and the Braehead out-of-town retail development.
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Famous quotes containing the word economy:
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)