Santo Domingo economy · Economy in Santo Domingo
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Economy in Santo Domingo
Economy in Santo Domingo
Santo Domingo is the headquarter of economic activity in Dominican Republic. The city catches the attention of many international firms. Many of these firms have their headquarters in the city due to its great location and prosperous economy.
Power outages have been one of the downfalls of placing a major headquarter in the city, but the infrastructure is a great advantage to many of these international firms. Since Santo Domingo has privatize and integrated with the US telecommunication system, they have been fortunate to have the benefit of a contemporary telecommunication system.
Incomes in Santo Domingo can vary from extremely rich to extremely poor. Many of the prominent families live in neighborhoods surrounding Avenida John F. Kennedy ("Avenida" = "Avenue") to the north, Avenida 27 de Febrero to the south, Avenida Winston Churchill to the west and Avenida Máximo Gómez to the east. Some other areas that are always expanding and developing are Naco, Arroyo Hondo, Piantini, Paraíso, Bella Vista, Sarasota. Most of the city's less fortunate live outside the center of Santo Domingo, which can be seen by various slums that emphasizes the huge issue poverty is for the city.
Avenida Winston Churchill and 27 de Febrero Avenue are two of the commercial centers of the city. Many malls and shops are located in these two avenues such as, Acropolis Center, Scotiabank, Citibank, Banco BHD, Banco del Progreso, Banreservas, Plaza Central and Plaza Naco. However, some of the most popular malls are Acropolis Center, Bella Vista Mall, Blue Mall, the upcoming Novo-Centro, Agora Mall and Galería 360 because it contains more contemporary shops and is popular within the high income families.
Santo Domingo was formerly called "Ciudad Trujillo" during the era of the dictatorship of Trujillo
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Santo Domingo Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.