Economy
- Primary sector:
Producer of dairy and beef cattle, followed by agriculture: beans, corn, manioc, cotton, and irrigated rice.
- Secondary sector:
The industrial sector began to increase with the arrival of electric power in 1965 and the participation of the government agency SUDENE in the industrial development of the region. Today industry is the main activity in the city. The factories installed are, among others, the largest factory of condensed milk in the world (Nestlé), one of the three factories of insulin in Latin America (BIOBRAS now Novo Nordisk Produção Farmacêutica do Brasil), a modern textile factory (COTENOR), and the seventh largest cement factory in Brazil (LAFARGE BRASIL)
Montes Claros is also recognized nationally as the capital of Carne de Sol, a local jerky-like dry beef and Arroz com Pequi, a very popular meal that is made of rice and Pequi. According to CAGED (Cadastro Geral de Empregados e Desempregados), Montes Claros is ranked #3 in the list of the cities of the state of Minas Gerais in number of employed people, only behind Belo Horizonte and Uberlândia.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
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—Calvin Coolidge (1872–1933)