Red Lion was once famous for the many brands of cigars made there. The town produced millions of cigars per month, about 10% of the cigars made in the United States. The town raises a cigar every New Year's Eve. It was also known nationwide for its furniture industry, with several large factories producing ornate, hand crafted furniture for over 100 years. The furniture industry has mostly shifted to kitchen cabinet production and retail store fixtures over the last 40 years.