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Posted: Thursday, July 29, 2010
Economic indicators: good reason for hope
While financial gurus nationwide debate the likelihood of a dreaded double-dip recession, Shelter Islanders couldn't help but notice some signs that the local economy may be on the upswing.
Driving across the Island has been a bit of a challenge during the past few Saturdays. Bicyclists in beachwear and in no particular hurry to get from point A to point B have taken to Island roadways -- not en masse like a bike tour but just meandering along, God bless 'em. Of course, for safety's sake, they should abide by the single file signs posted on both ends of the Island, but it is good to see this aimless enjoyment of our shady lanes, a sight that was too rare the past two summers.
Lines at both the North and South ferries stretched to Labor Day lengths last Sunday, even after a stormy weekend. Maybe it was the timing of Sunday's late afternoon downpour that inspired a synchronized exodus -- locals reported queues extending to Heritage Drive on the south side and to Piccozzi's on Bridge Street. No matter the cause, the psychological link is strong: long ferry lines mean a robust Island economy.
Charitable organizations are enjoying the generosity of our summer population as evidenced by well-attended fundraising events at beautiful Island homes, such as the Educational Foundation's Victorian Porch Party and the Historical Society's One Enchanted Evening. What better way to celebrate summer and what's best about Shelter Island than to socialize in lovely surroundings while donating to vital community groups? Another good sign: this weekend's Mashomack dinner dance was nearly sold out as the paper went to press.
One non-profit entity is enjoying new life regardless of this summer's recession talk. Dave Clark and Gunnar Wissemann have reopened a now air-conditioned American Legion bar and grill on Thursdays and Fridays to the delight of veterans and boosters alike.
The bulk of this newspaper is another economic indicator, tied to the number and size of advertisements bought by our local businesses. While the Reporter has not been as brawny as in the boom times of 2006 and 2007, it has been stable throughout the summer and hefty ahead of holiday weekends.
The vitality of local business is crucial to this community in more ways than one. Many Island businesses donate to the charitable groups mentioned above, helping to make their fundraisers successful. Their payrolls include members of our Fire Department and Ambulance Corps. Patronizing Island businesses helps support volunteer services and charities that preserve the character of the Island and curb our taxes.
Keep the Island's economic recovery rosy by enjoying all a Shelter Island summer has to offer.
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