Economy
Laredo has four South Texas banking institutions Falcon International Bank, International Bank of Commerce, BBVA Compass, and Texas Community Bank. As a result of Laredo's location in North America, Interstate Highway 35 / Mexican Federal Highway 85, the passage of the North American Free Trade Agreement (NAFTA), dozens of twin assembly plants, and dozens of import export agencies to expedite trade, Laredo is the largest inland port in the United States, and Nuevo Laredo the largest in Latin America. Laredo is a shopping destination for Mexican shoppers from Northern Mexico.
Read more about this topic: Laredo, Texas
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“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)