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Grand Rapids is known for furniture manufacturing and, in recent years, craft beer tourism. Twenty craft breweries are in an around the city. Grand Rapids is home to some of the world's largest office furniture companies, and as such has the nickname Furniture City. The city and surroundings are commercially diverse, with industry based in the health care, information technology, automotive, aviation, and consumer goods manufacturing.
Alexander Calder's abstract sculpture, La Grande Vitesse (French for "the great swiftness" or more loosely as "grand rapids") was installed in 1969 on the Vandenberg Plaza downtown. Since then, the city has started hosting an annual Festival of the Arts on the plaza, known informally "Calder Plaza". The festival includes stages with live performances, food stalls with various ethnic foods, art demonstrations, and other artsy activities. Vandenberg Plaza also hosts numerous ethnic festivals throughout the summer.