Economy
- Tourism
The coast of Granada province is known as the Costa Tropical. Although it is not as popular with foreign visitors as the Costa del Sol further west, it does attract large numbers of Spanish holiday-makers. The main resorts are Almuñecar, Salobreña and La Herradura. The city of Granada brings in tourists from all over the world thanks to its Moorish architecture and famous Alhambra palace. In the winter the mountains of the Sierra Nevada play host to Europe's most southerly ski resort. Hiking and eco-tourism also attract a number of visitors to areas such as the Alpujarras and Lecrin Valley.
- Major employers
Puleva: originally founded in Granada in 1910, the company has been a subsidiary of the Lactalis group since 2001. It produces a wide range of dairy products, including milk and milkshakes, cream and products for infants. Puleva Biotech S.A. developed the first infant formula to contain nucleotides, and was a pioneer in the use of Omega-3 fatty acids in infant food products.
Coviran: supermarket chain which operates on a franchise basis, specialising in small, neighbourhood shops. It has 2,501 supermarkets across the whole of Spain.
- University and language students
The University of Granada is one of the largest universities in Spain, with approximately 56,000 students. Each year the city also attracts over 10,000 foreign students, including over 2,000 European students through the Erasmus programme. As well as providing employment to a large number of people, the university also boosts the local economy by creating demand for rental property. The money spent by students also helps to support shops, restaurants, bars and other services in the city. In recent years the university has also been working to capitalise on the research it does through commercial ventures.
- Other
Primary industries such as agriculture and fishing play an important role in the local economy. There was previously also a very large construction sector, but as of 2011 it was experiencing a deep downturn. The Granada Health Science Technological Park has created some high-skilled jobs in the biotechnology sector.
Read more about this topic: Province Of Granada
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)
“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)