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A remote jewel of land off the coast of Canada, Fogo Island floats in the northeast corner of the northeast province of Newfoundland and Labrador, the outstretched right fingertip of this continent. The place might be drop-dead gorgeous, but it wasn’t immune to the fate befalling so many small and isolated communities in North America: its one and only industry went into steep decline, and so in turn, did its population. Then about a decade ago, a local returned home, fresh off making a fortune in the tech sector. Her pockets were deep. So was her desire to lift up the place and bring people back. So she unleashed a sort of economic experiment. We took two planes, a long drive and a ferry to reach Fogo Island, and check on the early results.
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CBS News 60 Minutes December 21, 2021