Fogo Island: A Remarkable Revival In Canada's Remote Gem

Fogo Island, a remote and picturesque island off the northeast coast of Newfoundland and Labrador in Canada, is undergoing a transformation like no other. Described as "almost indescribably quaint and gorgeous," the island, spanning approximately 90 square miles, is experiencing a resurgence thanks to the efforts of its residents and visionaries like Zita Cobb. Historically, Fogo Island's economy revolved around cod fishing, but with the decline in both the industry and population, the island found itself at a crossroads. However, the island is now on a new path as it strives to reinvent itself and embrace a more sustainable future. One of the key driving forces behind Fogo Island's revitalization is the luxurious Fogo Island Inn, a $40 million establishment that acts as an economic engine for the community. Founded by local entrepreneur Zita Cobb, who returned to her roots on the island after making a fortune in the tech sector, the inn is part of a larger economic experiment aimed at bringing prosperity back to the island. Operating as part of a charitable trust called Shorefast, the Fogo Island Inn is not just a place for tourists to stay; it is a beacon of hope and a symbol of economic resurgence. Profits generated by the inn are reinvested into the island, supporting local businesses and initiatives that aim to foster growth and sustainability. Employing over 300 locals, the inn also sources its furniture, pillows, and quilts locally, contributing to the island's economy and fostering a sense of community pride. Additionally, Shorefast provides seed money for new businesses on the island, including a hydroponic farming project, further diversifying the island's economic activities. Fogo Island's fishery, once the backbone of its economy, is also experiencing a revival. Innovations like automated fishing systems and a focus on shellfish have helped breathe new life into this traditional industry, creating opportunities for local fishermen and women to thrive once again. Despite these positive developments, challenges remain. Rising property costs and a changing demographic landscape pose ongoing challenges to the island's sustainable growth. However, Zita Cobb's approach to economic development prioritizes the well-being of the community and the preservation of Fogo Island's unique culture and environment. The recent coverage of Fogo Island on 60 Minutes has brought international attention to this remote gem, showcasing its uniqueness and highlighting the inspiring journey of its residents towards a brighter future. As visitors continue to be drawn to the island's charm and the spirit of its people, Fogo Island stands as a testament to the resilience, innovation, and community spirit that define this hidden gem off the coast of Canada.