Economy
Agriculture is the principal activity in the parish, due to its fertile soils, producing a wide variety of grains and vegetables (such as wheat, rye, barley an pumpkins). Sugar cane, flax seed, and tea have all contributed to the economy of the parish, even cultivating tobacco until recently. Over the centuries, these activities have also included herding and the dairy industry, as well as ancillary services associated with these activities, including cheese and butter production associated with the islands' base industry. Although local production was common, these industries were subsistence, while high-volume production was handled by the islands' remaining export companies, such as CALF Cooperativa AgrÃcola dos LactÃcinios do Faial and Martins & Rebello. At the beginning of 2012, two local entrepreneurs established the Queijaria O Morro that began to produce a local artesnal fresh cheese.
The fishery also adds to the parish's economy, at one time a principal center of whaling and now primarily commercial fishing. It is also common that most involved in these primary industries are also involved in other activities.
In addition to a commercial bakery, the industrial zone of Lombega is the center of the aluminum industry.
Tourism in the region has grown in importance with the development of the International Airport.
Read more about this topic: Castelo Branco (Horta)
Famous quotes containing the word economy:
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)