Economy
Two tuna-processing factories exist in this municipalities: one in Fajã Grande and the other in proximity to the port of Calheta. Due to overfishing, activities in these factories have been suspended. Consequently, plans to convert the factory into a tourist hotel have progressed for the factory in Calheta. Similarly, the Port of Calheta used to be a center for the construction of trans-Atlantic ships, but has since been used for local fishing and trans-shipment services. As the central place in the southern eastern part of the island, the area includes various banks, commercial establishments, as well as the location of the Volunteer Fire Department and the home of the island's Santa Casa da Misericórdia (home and support for the elderly).
Read more about this topic: Calheta (Azores)
Famous quotes containing the word economy:
“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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“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)