Economy Of Erie, Pennsylvania
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Economy Of Erie, Pennsylvania
Erie, Pennsylvania is the Commonwealth's primary access point to Lake Erie, the Great Lakes, and the Saint Lawrence Seaway. The city developed first as a maritime center after the American Revolution, as a railroad hub during the great American westward expansion, and as an important manufacturing center during the Industrial Revolution. By the 21st century, electric locomotive building is all that remains of big industry, but smaller-scale steel and plastics manufacturers, as well as health care, insurance, tourism and recreation have emerged as Erie's new diverse mix of key industries. Employment Unemployment statistics As of February 2021, Erie's unemployment rate was 9.9%. This compares to a 7.3% unemployment rate for Pennsylvania and 6.2% for the country as a whole. Top industries and employers As of June 2005, Erie's top-ten employers by size of work force are the government (6,435 persons, or 30%), manufacturers (5,200 persons, or 24%), medical services (4,774 person ...
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Erie, Pennsylvania
Erie (; ) is a city on the south shore of Lake Erie and the county seat of Erie County, Pennsylvania, United States. Erie is the fifth largest city in Pennsylvania and the largest city in Northwestern Pennsylvania with a population of 94,831 at the 2020 census. The estimated population in 2021 had decreased to 93,928. The Erie metropolitan area, equivalent to all of Erie County, consists of 266,096 residents. The Erie-Meadville combined statistical area had a population of 369,331 at the 2010 census. Erie is roughly equidistant from Buffalo and Cleveland, each being about 100 miles (160 kilometers) away. Erie's manufacturing sector remains prominent in the local economy, though insurance, healthcare, higher education, technology, service industries, and tourism are emerging as significant economic drivers. As with the other Great Lakes port cities, Erie is accessible to the oceans via the Lake Ontario and St. Lawrence River network in Canada. The local climate is humid, ...
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Lord Corporation
LORD Corporation is a diversified technology and manufacturing company that develops adhesives, coatings, motion management devices, and sensing technologies for industries such as aerospace, automotive, oil and gas, and industrial. With world headquarters in Cary, North Carolina, LORD has approximately 3,100 employees in 26 countries and operates 19 manufacturing facilities and 10 R&D centers worldwide.
Lord Corporation
Kholos, L. (2005
''Courage and Innovation: The Story of the Lord Corporation''
Albrecht & Associates,
As of October 30, 2019, the company has been acqu ...
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US Department Of Housing And Urban Development
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Urban Development, who reports directly to the President of the United States and is a member of the president's Cabinet. Although its beginnings were in the House and Home Financing Agency, it was founded as a Cabinet department in 1965, as part of the "Great Society" program of President Lyndon B. Johnson, to develop and execute policies on housing and metropolises. History The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York Governor Nelson A. Rockefeller. The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative prioritie ...
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Millcreek Township, Erie County, Pennsylvania
Millcreek Township is a township in Erie County, Pennsylvania. The population was 54,073 at the 2020 census. It is the largest suburb of Erie, and the 12th largest municipality in the state. Millcreek Township is home to the entrance to Presque Isle State Park, Waldameer Park, the Millcreek Mall, and other attractions. Also located in the township is Erie International Airport, the major airport serving the Erie metropolitan area. LECOM Health, a non-profit healthcare system serving Erie County and the surrounding areas, also calls the township home. History Evidence exists of Native American presence in Millcreek Township as early as 3700 BC. The township's Sommerheim Park is the location of the Sommerheim Park Archaeological District, which has yielded archaeological artifacts from the Archaic and Woodland periods.Johnson, William C. "National Register of Historic Places Inventory/Nomination: Sommerheim Park Archaeological District". National Park Service, 1981-06-29, p. ...
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Summit Township, Erie County, Pennsylvania
Summit Township is a township in Erie County, Pennsylvania, United States. The population was 7,354 at the 2020 census, up from 6,603 at the 2010 census. Geography The township is in central Erie County and sits on the high ground separating the streams flowing north and west into Lake Erie, part of the St. Lawrence River watershed, from those flowing south towards the Mississippi River and the Gulf of Mexico. Walnut Creek, which flows west through Millcreek and Fairview townships to Lake Erie, rises near the eastern border of the township, while LeBoeuf Creek forms less than one mile to the west, flowing south to French Creek, a tributary of the Allegheny River, and thus to the Ohio and Mississippi as well. The township is south of downtown Erie and is served by two exits from Interstate 90. According to the United States Census Bureau, Summit Township has a total area of , all land. Demographics As of the census of 2000, there were 5,529 people, 2,110 households, and ...
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Racino
A racino is a combined race track and casino. In some cases, the gambling is limited to slot machines, but many locations are beginning to include table games such as blackjack, poker, and roulette. In 2003, Joe Bob Briggs described the economic motivation of race track owners to convert into racinos: :Horse racing and dog racing have been in a slow decline for almost 20 years now....the only tracks that have really thrived are the ones that have slot machines. In many cases their live handle (the daily amount bet at the track by live customers) has continued to decline, but their revenues have shot up so fast that they're able to offer the biggest purses and thereby attract the best horses. Tracks like Delaware Park and West Virginia's Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthiest tracks around, with the best races. Fabled tracks like Pimlico, on the other hand, sometimes have trouble ...
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Presque Isle Downs
Presque Isle Downs & Casino is a casino and horse racing track near Erie, Pennsylvania, owned and operated by Churchill Downs Inc. History The developer, MTR Gaming Group, broke ground in October 2005 for the new facility, which opened on February 28, 2007. Simulcasting was transferred from its former upper Peach Street location and became operational in August 2007. In January 2019, Eldorado Resorts (the successor of MTR Gaming) sold the property to Churchill Downs Inc. for $178.9 million. Description The casino contains 1,500 slot machines. The oval track opened on September 2, 2007. The racing surface is the synthetic material Synthetic racetrack surfaces for horse racing, Tapeta Footings (a mixture of sand, rubber, fiber with a wax coating). It was the first synthetic horse racetrack longer than in the Northeastern United States, Northeast and the first racetrack paved with Tapeta in the United States. gambling, Gaming revenue is split between the operator (45%) and the C ...
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Presque Isle State Park
Presque Isle State Park () is a Pennsylvania State Park on an arching, sandy peninsula that juts into Lake Erie, west of the city of Erie, in Millcreek Township, Erie County, Pennsylvania, in the United States. The peninsula sweeps northeastward, surrounding Presque Isle Bay along the park's southern coast. It has of roads, of recreational trails, 13 beaches for swimming, and a marina. Popular activities at the park include swimming, boating, hiking, biking, and birdwatching. The recorded history of Presque Isle begins with the Erielhonan, a Native American tribe who gave their name to Lake Erie, and includes French, British, and American forts, as well as serving as a base for Commodore Oliver Hazard Perry's fleet in the War of 1812. With the growing importance of shipping on Lake Erie in the 19th century, Presque Isle became home to several lighthouses and what later became a United States Coast Guard station. In 1921, it became a state park, and as of 2007 it hos ...
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Erie Plating Company
Erie Plating Company, named for its location in Erie, Pennsylvania, specializes in applied electrochemical and mechanical metal finishing to ferrous and nonferrous metals, as well as chromate conversion and anodizing finishes on aluminum. The company is ISO 9000 certified for aerospace, military, and industrial metal finishing engineering and quality systems. History In 1925, Raymond E. Smith, a former metal polisher and the superintendent of the Lakeside Forge Company, was asked by their group of investors to join in starting a metal finishing company that could perform finishing and electroplating for third-party clients. Along with a financier, a technician, and a salesman, he formed the Erie Plating Company, the first electroplating company in northwest Pennsylvania. Erie Plating Company now serves customers through the Eastern United States. At the time of the company's founding the electroplating industry was in its infancy. At that time, the company's main focus was in fi ...
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Biodiesel
Biodiesel is a form of diesel fuel derived from plants or animals and consisting of long-chain fatty acid esters. It is typically made by chemically reacting lipids such as animal fat (tallow), soybean oil, or some other vegetable oil with an alcohol, producing a methyl, ethyl or propyl ester by the process of transesterification. Unlike the vegetable and waste oils used to fuel converted diesel engines, biodiesel is a drop-in biofuel, meaning it is compatible with existing diesel engines and distribution infrastructure. However, it is usually blended with petrodiesel (typically to less than 10%) since most engines cannot run on pure Biodiesel without modification. Biodiesel blends can also be used as heating oil. The US National Biodiesel Board defines "biodiesel" as a mono-alkyl ester. Blends Blends of biodiesel and conventional hydrocarbon-based diesel are most commonly distributed for use in the retail diesel fuel marketplace. Much of the world uses a system know ...
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International Paper
The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 56,000 employees, and is headquartered in Memphis, Tennessee. History The company was incorporated January 31, 1898, upon the merger of 17 pulp and paper mills in the northeastern United States. Its founders and first two presidents were William Augustus Russell, who died suddenly in January 1899, and Hugh J. Chisholm. Philip Tell Dodge, president of the Mergenthaler Linotype Company, served as its chairman for 11 years. The invention of the Linotype dramatically increased the size of newspapers and the need for newsprint. The newly formed company supplied 60 percent of all newsprint in the country. Hudson River Mill The Hudson River Mill in Corinth, New York, where the Sacandaga River joins the Hudson River, was a pioneer in the development of the modern paper industry in the late 19th century. The first wood-based newsprint paper mill in ...
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Machine Tool
A machine tool is a machine for handling or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformations. Machine tools employ some sort of tool that does the cutting or shaping. All machine tools have some means of constraining the work piece and provide a guided movement of the parts of the machine. Thus, the relative movement between the workpiece and the cutting tool (which is called the toolpath) is controlled or constrained by the machine to at least some extent, rather than being entirely "offhand" or " freehand". It is a power-driven metal cutting machine which assists in managing the needed relative motion between cutting tool and the job that changes the size and shape of the job material. The precise definition of the term ''machine tool'' varies among users, as discussed below. While all machine tools are "machines that help people to make things", not all factory machines are machine tools. Today machine ...
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