[1] The community was largely resettled by a provincial government program in the 1960s, but a small population remained into the early 1990s.
Fishermen harvest cod, crab, lobster, and scallops.
[3] Other summer residents are employed is a tourism business, Woody Island Resort.
[4] This business employees about 20 people on a seasonal basis, including musicians, cooks and general staff for the resort.
The original old shop has now been turned into a small museum featuring many items owned by previous inhabitants of Woody Island.