Economy
Invercargill is home to the Southern Institute of Technology, which has introduced a zero-fees scheme. The scheme was partly responsible for rejuvenating the city when it was in a steady state of population decline. However the major factor in Invercargill's regrowth is the dairy industrial boom of the 2000s (decade) due to an increased demand for New Zealand milk, cheese and butter. New dairy factories have opened around the province of Southland, as well as more efficient meat processing works and research and development facilities.
Invercargill is on the Southern Scenic Route (tourist road), allowing day trips to Queenstown, Stewart Island/Rakiura, Dunedin, Te Anau and Fiordland.
As of 2008, there have been plans to develop wind power and hydroelectric schemes and plans to survey the Great South Basin for oil extraction.
Read more about this topic: Otepuni Gardens
Famous quotes containing the word economy:
“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)
“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)
“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)