Economy
Aerospace and defense companies form the basis of the city's private employment as Alliant Techsystems, Citrix Online, and Raytheon have major operations in the area. Santa Barbara's tourist attractions have made the hospitality industry into a major player in the regional economy. Motel 6 was started in Santa Barbara in 1962.
Read more about this topic: Santa Barbara, California
Famous quotes containing the word economy:
“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)
“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)