Economy
The Bay Area has a diverse economy with much of it built around aerospace, petrochemicals, and high tech industries. The region's economy is closely tied to the rest of the Houston area though the mix of local businesses is somewhat unique. In 2005, the median household income for the Clear Lake area was $62,061 compared to $50,868 for the Houston area as whole and $45,472 for all of Texas.
Read more about this topic: Galveston Bay Area
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)