Economy
Tourism is the mainstay of the island's economy. The resort area at Port Lucaya and visits by cruise ships provide the bulk of this activity. Grand Bahama's tourism sector is complemented by an oil bunkering facility owned by Vopak and a transshipment/container port partly owned by Hong Kong conglomerate Hutchison Whampoa and the Grand Bahama Port Authority. There are also quarrying operations on the island and a large shipyard.
There are two airports on the island: Grand Bahama International Airport in Freeport, and West End Airport in West End. Grand Bahama International Airport is the larger of the two, and West End Airport mostly serves cargo aircraft.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)