Economy
Louisbourg's economy is dominated by the seasonal tourism industry and seafood processing. The depletion of ground fish stocks has negatively affected local fish processing operations in recent decades.
In the 1960s, Parks Canada completed a partial reconstruction of the Fortress of Louisbourg. Today this National Historic Site of Canada is the town's dominant economic engine, employing many residents and attracting thousands of tourists every year. The fortress holds large scale Historical reenactments every few years to mark important historical events and attract visitors to the town. The most recent in July 2008, commemorated the 250th anniversary of the first British siege victory over French forces in July 1758. The town's more recent history is preserved at the Sydney and Louisburg Railway Museum located in the restored railway station in the centre of town.
Annually, the community hosts the Louisbourg Crab Fest. A large golf course and residential resort is planned near the community; designed by Nick Faldo, the resort was expected to open in 2010 but development stalled in the recession.
Louisbourg is home to the Louisbourg Playhouse, a theatre company operating in an Elizabethan theatre that was used as a prop in the live action 1994 Disney film Squanto: A Warrior's Tale.
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Famous quotes containing the word economy:
“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)
“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)
“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)