it finally gained a stable source of income when in 1955 a Virginian financier named Wallace Groves began redevelopment with the Bahamian government to build the city of Freeport under the Hawksbill Creek Agreement and create the Grand Bahama Port Authority. Soon after, the ambitious Edward St. George, with the financial help of Sir Jack Hayward, took the company to new frontiers. Seeing the success of Cuba as a tourist destination for wealthy Americans, St. George was eager to develop Grand Bahama in a similar vein. The city grew rapidly, with St. George adding a harbour, an airport soon after the city was founded, and the tourist center of Port Lucaya in 1962. Grand Bahama became the second most populous island in the Bahamas (over 50,000 in 2004). Hurricane Dorian effects On September 1, 2019, Hurricane Dorian struck the island as a Category 5 hurricane and caused catastrophic destruction. Economy One aspect that contributes to the economy of the Bahamas is what they directly export and import. The Bahamas ranks as the 137th largest exporter and 117th largest importer in the world. Some of the major trading partners include the United States, France, and Finland. Top exports include; passenger cargo ships, special purpose ships, and refined petroleum. Freeport, a city in Grand Bahama has some industries that also contribute to the economy. These major industries are pharmaceutical plants, Fragrance of The Bahamas perfume factory, an oil transshipment company, and an immunology research center. Despite the Bahamas being big exporters and importers, their agriculture and fisheries also help with the economy. They produce agriculture ranging from crops, poultry, livestock, to dairy. On commercial farms in Grand Bahama, vegetable and citrus production are produced and exported to other countries. For their fisheries, Crayfish and conch are their top exports. Even though the economy is based heavily on what the Bahamas produces and sells, tourism is the mainstay of the island's economy. The resort area at Port Lucaya and visits by cruise ships provide the bulk of this activity. Grand Bahama's tourism sector is complemented by the BORCO oil bunkering facility owned by Buckeye, the South Riding Point oil storage and transhipment terminal owned by Statoil, and a transshipment/container port partly owned by Hong Kong conglomerate Hutchison Whampoa and the Grand Bahama Port Authority. There are also quarrying operations on the island and a large shipyard. There are two airports on the island: