Economy
Coconut Grove has a number of outdoor festivals and events, the most prominent of which is the annual Coconut Grove Arts Festival. Others include the King Mango Strut, which began as a parody of the Orange Bowl Parade, and which continues each year on the last Sunday in December. The Great Taste of the Grove Food & Wine Festival takes place each April. Each June, the Goombay Festival transforms Grand Avenue in Coconut Grove into a Carnaval (Caribbean Carnival), celebrating Bahamian culture, with Bahamian food and Caribbean music (Junkanoo).
The Grove has many restaurants and open air cafes. By night, the Grove becomes a center of nightlife frequented by young professionals and students from the-nearby University of Miami and Florida International University.
Shopping is also abundant in the Grove, with two large open-air malls, CocoWalk, Streets of Mayfair, and many other street shops and boutiques.
Major corporations including Arquitectonica, Spanish Broadcasting System, and Watsco, are located in the Grove.
The eastern border of Coconut Grove is Biscayne Bay, which lends itself to a boating community. The area features a sailing club (Coconut Grove Sailing Club), a yacht club (Coral Reef Yacht Club) and a marina (Dinner Key Marina). Pan Am's seaplane operations were based in Dinner Key, and the Miami City Hall is based in the old Pan Am terminal building.
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Famous quotes containing the word economy:
“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)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)