Lyon economy · Economy in Lyon
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Economy in Lyon
Economy in Lyon
The silk industry was the main activity for centuries. Since the end of the 19th century, it has been successfully replaced by a number of others. Feyzin, a southern suburb, is home to a major oil refinery and a large number of chemical plants are also located along the Rhône river south of Lyon. Pharmaceutics and biotechnology are also important; they were historically fueled by Lyon's prominence in medical research, and the local authorities are trying to maintain an international leadership in these industries. The southeastern suburbs of Vénissieux and St Priest host large automotive plants, such as Renault's truck and bus factories. But as in most Western metropolises, the service industry is now dominant. Many large banking and insurance companies have important offices in Lyon, and the IT services industry is also well developed. From an economic point of view, Lyon is the most attractive and dynamic city in France. This may be explained by the easy access from all over Europe (probably second only to Paris in the country), the availability of qualified workforce and research centres, and cheaper real estate prices compared to the capital.
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Lyon Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.