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:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“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)