The local economy is absolutely seasonal and highly dependent upon the influx of outside money. This represents a challenge for a number of businesses such as restaurants and hotels. In addition, there is less money coming in for boats etc... (the speed limit on the lake probably did not help this one).
I have been coming to the lake for 40 years (owned here for over 20 years). Back in the 80s there was the spend spend spend economy which brought money in from MA etc... Demographics have changed and the economy has changed.
So, some thoughts:
- Create high paying jobs that don't rely on seasonality.
- Limit growth the of infrastructure that is not supportive to economic growth (ex: section 8 housing).
- Commission an economic development board comprised of successful entrepreneurs and business people with contacts outside of the region.
Just my 2 cents.
Jetskier
