Venice is a tourist, commercial, and industrial center. The tourist trade is stimulated by many annual festivals, including ones devoted to painting, motion pictures, drama, and contemporary music. The Venice Biennale, which exhibits various kinds of modern art every other year, has been held there since 1895. Manufactures include lace, jewelry, flour, and Murano glass, and the city is a center for shipbuilding. Porto Marghera, the modern port of Venice (founded in the 1920s), located on the mainland, is a major shipping facility and also has considerable industry.
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