Economy
Traditionally, the island's main industries have been fishing, logging and farming; but today, the economy revolves around government services, tourism, and home and cottage construction. Recreational opportunities abound in Beaver's harbor, beaches, inland lakes and the state forest, which covers much of the island. A golf course, nature trails, multiple restaurants and hotels, a marina and numerous other amenities cater to residents and tourists alike.
Beaver Island bills itself as "America's Emerald Isle", partly reflecting the fact that many of its residents are of Irish descent.
Central Michigan University owns and operates a research facility on the island.
Read more about this topic: Beaver Island (Lake Michigan)
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—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)