Hudson Bay’s economy is largely based on forestry, processing, eco-tourism and agriculture. The town is also home to an RCMP Detachment and other community services such as fire protection, a hospital and a local family and support centre. Community members emphasize the importance of quality of life and ‘family living’ in the area, with reasonable housing costs, superior safety and many opportunities to enjoy nature. Hudson Bay Regional Park, located two kilometers south of the town, attracts locals and tourists alike with its access to natural habitats, snowmobile trails, birding, fishing, as well as hunting big game, as Hudson Bay is known as the ‘Moose Capital of the World’.
With the vast forests surrounding Hudson Bay, mills and related forestry industry services have been the most prominent employers and contributors to the local economy since the early 1960s. However, in just over a decade, the area has transitioned from three fully operational mills to just one.