New study could lead to more tourism with economic impact to the Little River area
MONTGOMERY— NPS offices. A stage A $ 52,500 grant and amphitheater have announced by Gov. recently been added. Robert Bentley could It is estimated that lead to increased tourmore than 200,000 peoism and educational ple visit the canyon opportunities in northannually providing an east Alabama. economic impact of
Funds from the $16 million to the area. Appalachian Regional Other nearby attracCommission will be tions include DeSoto used for a feasibility State Park, Weiss Lake study relating to the and Cherokee Rock possible expansion of Village all of which the Little River Canyon are in DeKalb and Center and activities. Cherokee counties. The center is an educaThe grant is being tion facility and conferadministered by the ence area that is locatAlabama Department ed on the outskirts of of Economic and Little River Canyon, a Community Affairs. 23-mile-long river gorge “Tourism and recatop Lookout Mountain. reation are important
The center was sectors of Alabama’s built and is operated economy,” ADECA by Jacksonville State Director Jim Byard Jr. University while the said. “I commend JSU canyon is managed for recognizing Little by the National Park River Canyon as someService. The study thing special and being will determine if an willing to invest in expanded center and the area with so many added activities have educational and recrethe potential to bring in ational opportunities.” more visitors for longer ARC is an economdurations. ic development agency
“The canyon cenof the federal governter and the educationment and 13 state goval programs it offers ernments. The agency’s enhances the splendor mission is to innovate, of Little River Canyon,” partner, and invest Bentley said. “I am to build community pleased to have a role capacity and strengthin this project that will en economic growth in help reveal the area’s Appalachia to help the potential as an outdoor Region achieve socioeducation and recreeconomic parity with ation location.” the nation.
JSU opened the ADECA manages a 23,000-square-foot cenrange of programs that ter in 2008 from which support law enforceit holds field schools ment, economic develand conducts nature opment, recreation, programs relating to energy conservation northeast Alabama and and water resource Little River Canyon. management. The facility also serves Bentley notified as a visitor’s center, JSU President Dr. John has an exhibit area and Beehler that the grant gift shop and houses had been approved. American workplace, centralized federal power vs. states’ rights, and dealing with the national debt.
Thomas Jefferson spent his childhood on a Virginia plantation, and this influenced his vision of America’s future as a burgeoning agrarian democracy. Alexander Hamilton, whose upbringing involved commerce, believed that population and power and money would eventually be concentrated in urban regions, a worldview that ultimately proved more accurate.
Hamilton issued federal security bonds to investors to pay off debts incurred by individual states during the Revolutionary War, an act that served to unify the new nation both politically and economically. He was primarily responsible for creating our centralized currency and our national bank. And he foresaw the importance of international trade and the value of credit.
Hamilton was born in the Caribbean. A Scottish trader, Hamilton’s father left the family. Orphaned at age 11, when his mother died, Hamilton went to work as an accountant ( hard to believe, but true) for a mercantile company in St. Croix. The island was linked through trade with Europe, Africa, and the American colonies, so Hamilton’s formative business experience involved international exchange. His employer and other townspeople pooled money to send him to study in America in 1773, when he was only 16, but he remained for only a year at King’s College in New York (later to become Columbia University).
In 1774 he wrote a treatise supporting the colonial revolution. Shortly thereafter he left school and joined the New York Provincial Artillery Company. He served the Continental Army for five years; was promoted to Lieutenant Colonel; became George Washington’s aide- decamp and wrote many of Washington’s personal letters; and married a woman of New York society named Elizabeth Schuyler. Hamilton petitioned Washington to be allowed to lead a charge at Yorktown, Virginia in 1781, the victory that became the tipping point resulting in the British surrender.
It was an auspicious immigrant’s beginning, but Hamilton was just getting started.
Next week: Hamilton’s adult years and the rise of the American economy.
Margaret R. McDowell, ChFC , AIF , author of the syndicated economic column “Arbor Outlook”, is the founder of Arbor Wealth Management, LLC, (850.608.6121~www. arborwealth. net), a fee- only Registered Investment Advisory Firm located near Destin, FL. This column should not be considered personalized investment advice and provides no assurance that any specific strategy or investment will be suitable or profitable for an investor.