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:
“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)
“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)