Economy
The economy of the province of Reggio Emilia was for a long time based on agriculture. One typical product, world-wide known and imitated, is Parmigiano-Reggiano cheese. Another is Lambrusco wine. In the twentieth century Reggio Emilia and its territory saw also a rapid development of small industries, particularly in the sector of mechanics for agriculture. A few of those industries became large companies, with an international market: Lombardini Motori, Landini.
Reggio Emilia is also the place of some fashion groups of various range and importance, since the last half of the twentieth century; the Max Mara clothing line is headquartered in the city. Another well-established branch is ceramic tiles industry (mainly in the district of Scandiano and Casalgrande).
New developments in mechanics and information technology are at the origin of some new companies operating in mechatronics.
Since more than 100 years, a strong tradition supports building and banking cooperatives, as well as consumers'cooperatives. The industrial growth has attracted immigration from North and Central Africa, East Europe, and Far East (China, Pakistan, India). The immigration rate in the province is about 25%. Researches on the quality of life indicate that in recent years Reggio Emilia is in very good position among Italian provinces.
Read more about this topic: Reggio Emilia
Famous quotes containing the word economy:
“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.”
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