It
wasn’t until the 19th century that the first permanent settlers arrived on
Grand Bahama Island. To make ends meet, most earned a living as fishermen
or by harvesting the land for timber. The island population declined
during the American Civil War when people fled to Nassau to join the
economic boom. But even a mini-boom in the 1920s caused by Prohibition in
America couldn’t sustain any momentum.
The island remained
sparsely populated until 1955 when a wave of change landed on Grand Bahama
Island as American developer Wallace Groves joined forces with British
industrialist Sir Charles Hayward. Their vision was to build a tax-free
city on Grand Bahama that could support both tourism and manufacturing.
The resulting city is modern Freeport.
The
innovation of Wallace Groves attracted more investors to Grand Bahama
Island between 1963 and 1967 -- causing the population of the island to
more than triple. Today, tourism remains the lifeblood of the island, and
every year tourists come to take advantage of its many attractions and
tax-free status.