"We saw a lot of waterfront property being bought and smaller homes being torn down and replaced by million dollar mansions during the dot-com boom, " explains Sara Young , economic development manager at the Cape Ann Chamber of Commerce.
More recently, realizing the need to work together rather than compete, Diadema and the other municipal governments in the industrial region of the MRSP, home to many favelas, have set up both a Regional Chamber and an Agency for Economic Development made up of municipal and state government officials, unions, businesspeople and civil society.