Economy
Grand Manan's economy is still dependent upon fishing, aquaculture and tourism. Lobster, herring, scallops and crab are most commonly sought among fishermen. Together with ocean salmon farms, dulsing, rock weed and clam digging, many residents make their living "on the water".
Tourism is growing significantly, providing the island with a highly profitable "green" industry. Whale and bird watching, camping and kayaking are popular activities for tourists. Visitors and retirees often purchase real-estate and remain on the island through the summer months or reside permanently as every necessary amenity exists for people of all ages. Approximately 54% of the island is owned by non-residents. The community is noted for its friendly people, low crime rate, high church membership, quaint villages, and unspoiled sea-scapes.
Read more about this topic: Grand Manan Island
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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)