Zita Cobb’s journey from a tech whiz to a rural revitalizer is both inspiring and impactful. With her estimated net worth of $12 million, she is a shining example of how one person can make a significant difference in their community.
From Tech Exec to Entrepreneur
Cobb’s journey began on Fogo Island, a remote island off the coast of Newfoundland. Despite its natural beauty, the island faced economic challenges. Driven by a desire to revitalize her hometown, Cobb co-founded Shorefast, an organization supporting local businesses and entrepreneurs.
Through Shorefast, Cobb empowered the people of Fogo Island to create thriving enterprises, fostering a diverse and resilient economy. One of the most notable symbols of her impact is the award-winning Fogo Island Inn, a testament to the power of community-based development.
The Fogo Island Inn: A Social Business
The Fogo Island Inn is not just a luxury hotel; it’s a social business that reinvests every dollar it earns into the island community through Shorefast. This has allowed the Inn to create jobs, boost local businesses, and enhance the lives of residents.
The Impact of Social Entrepreneurship
Cobb’s vision goes beyond the Fogo Island Inn. She believes that businesses can be a force for positive change and has become a mentor and inspiration to aspiring leaders. Her unwavering commitment to her community has not only improved the lives of the people of Fogo Island but has also ignited a new generation of entrepreneurs and change-makers.
Conclusion
Zita Cobb’s story demonstrates the transformative power of social entrepreneurship. Through her work with Shorefast and the Fogo Island Inn, she has not only revitalized a rural island but has also inspired others to make a difference in their own communities. Her legacy serves as a reminder that even the smallest actions can have a profound and lasting impact.