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 basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)