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:
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—Ralph Waldo Emerson (1803–1882)