Economy
Tourism is a large contributor to Central Florida's economy. However, the area has economically diversified in the past decade. As a high-tech industrial hub, Metro Orlando has the seventh largest research park in the U.S., Central Florida Research Park, the engineering and business school of the University of Central Florida. It has defense companies such as Lockheed Martin and Siemens.
Medical research is conducted in Orlando's Lake Nona area with the University of Central Florida medical school, the Sanford-Burnham Medical Research Institute biomedical research facility and a new Veterans Administration hospital. These facilities, along with several research support companies, have led this research cluster to be referred to as Medical City.
Kennedy Space Center is a NASA facility. Patrick Air Force Base and Cape Canaveral Air Force Station are military installations located on the Atlantic coast.
Major malls and open-air centers in the area include:
- Altamonte Mall
- Downtown Disney
- The Florida Mall
- The Mall at Millenia
- Orlando Fashion Square
- Oviedo Marketplace
- Seminole Towne Center
- Universal CityWalk
- Volusia Mall
- Waterford Lakes Town Center
- West Oaks Mall
- Winter Garden Village at Fowler Groves
Read more about this topic: Central Florida
Famous quotes containing the word economy:
“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)
“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)