Economy
Coconut Grove has a number of outdoor festivals and events, the most prominent of which is the annual Coconut Grove Arts Festival. Others include the King Mango Strut, which began as a parody of the Orange Bowl Parade, and which continues each year on the last Sunday in December. The Great Taste of the Grove Food & Wine Festival takes place each April. Each June, the Goombay Festival transforms Grand Avenue in Coconut Grove into a Carnaval (Caribbean Carnival), celebrating Bahamian culture, with Bahamian food and Caribbean music (Junkanoo).
The Grove has many restaurants and open air cafes. By night, the Grove becomes a center of nightlife frequented by young professionals and students from the-nearby University of Miami and Florida International University.
Shopping is also abundant in the Grove, with two large open-air malls, CocoWalk, Streets of Mayfair, and many other street shops and boutiques.
Major corporations including Arquitectonica, Spanish Broadcasting System, and Watsco, are located in the Grove.
The eastern border of Coconut Grove is Biscayne Bay, which lends itself to a boating community. The area features a sailing club (Coconut Grove Sailing Club), a yacht club (Coral Reef Yacht Club) and a marina (Dinner Key Marina). Pan Am's seaplane operations were based in Dinner Key, and the Miami City Hall is based in the old Pan Am terminal building.
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)