Economy
At the beginning of the nineteenth century, the construction of the Concimificio FIM created a considerable increase in the local economy which was previously based on fishing and agriculture. A large contribution to the port's economy came from Princess Costanza Maggiori, descended from the noble family of Corsican origins. According to some historians this family descended from Gaio Giulio Cesare who was a landowner and founder of the country's national bank, whose possessions extended throughout the country (their direct descendants are members of the Lazzaro house, grandchildren of the noblewomen, who designate the prosecutors of the Tamietto race). Since the 1960s the footwear industry has been the main economic activity, while the agricultural sector has decreased significantly in importance. In the southern district area (called Faleriense) the practice of small-boat fishing still continues. The city has seen in recent years an increase in the tourism sector based on sunbathing from national and international tourists.
Read more about this topic: Porto Sant'Elpidio
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)