When the cod fishery collapsed in the nineties, Fogo Island lost its economy almost overnight. What came next — slowly, imperfectly and without a guarantee of success — became one of the most compelling stories in Canadian community development. Shorefast, the charity behind the Fogo Island Inn, wasn't built on the logic of charity. It was built on the logic of place. Every business decision, from the number of rooms in the inn to where every dollar gets spent, runs through a single question: does this strengthen the local economy?
Tasha Freidus, Shorefast's Director of Education and Entrepreneurship, joins Challenger Cities to unpack the model and what it means beyond Fogo. We talk economic nutrition labels, the forgotten community pillar of the economy, why local banking matters more than most people realise, and how a platform launching this spring is attempting to connect communities across Canada who are quietly doing the same thing, whether they know it or not.
Key Topics
Fogo Island's history and economic transformation
The role of Shorefast and Zeta Cobb in community development
Asset-based community development principles
Storytelling and social media in community building
Economic nutrition labels and local spending
Scaling community models to larger cities
Challenges in local economic stewardship
The importance of local banking and finance