Economy
The city of Hechingen has been an important economic center for the region for over a century. In 1848 the first major enterprises were founded by notable Jewish residents. People from Mössingen, Sonnenbühl, Albstadt, and the Swabian Alps came to work. After the Second World War, IBM, BMW, and HP applied for building permits, which the city government denied. IBM and HP later built facilities in Sindelfingen-Böblingen.
Notable enterprises which have plants in Hechingen are Gambro, ELCO, the Hohenzollerische Landesbahn, and Sternenbäck. The city has a big industrial park in the north, which is divided in three areas: Lotzenäcker, Etzental, and Nasswasen. Three other industrial areas can be found in Hechingen: Reinetal, In den Seelenäckern and Auf der Bins.
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Famous quotes containing the word economy:
“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)
“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)