Economy
As a bedroom community, the majority of Coquitlam residents commute to work in Vancouver, Burnaby, and other Metro Vancouver suburbs. Coquitlam's main industrial area lies in the southern Maillardville/Fraser Mills area near the Fraser River. Among the largest employers within Coquitlam are the City of Coquitlam with approximately 850 employees, Art in Motion with approximately 750 employees, and Boulevard Casino with approximately 600 employees. Other major employers include Coca-Cola, Sony, and the Marine Propulsion division of Rolls-Royce.
In 2007, there were 610 retail businesses in Coquitlam, and these provided 8,765 jobs (27% of all jobs) within the city. Most retail businesses are concentrated around Coquitlam Centre in the Town Centre area, and big-box retailers such as IKEA and The Home Depot in the Pacific Reach areas, with the remainder of the city's retail outlets centered around the Austin Heights and North Road sectors.
The Tri-Cities Chamber of Commerce has over 840 members including businesses, professionals, residents and other community groups, governed by a 14 person volunteer Board of Directors.
Read more about this topic: Coquitlam
Famous quotes containing the word economy:
“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)
“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)
“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)