Economy
Laredo has four South Texas banking institutions Falcon International Bank, International Bank of Commerce, BBVA Compass, and Texas Community Bank. As a result of Laredo's location in North America, Interstate Highway 35 / Mexican Federal Highway 85, the passage of the North American Free Trade Agreement (NAFTA), dozens of twin assembly plants, and dozens of import export agencies to expedite trade, Laredo is the largest inland port in the United States, and Nuevo Laredo the largest in Latin America. Laredo is a shopping destination for Mexican shoppers from Northern Mexico.
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Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)
“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)