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:
“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 aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)