Electrical power is supplied by the provincially owned BC Hydro and natural gas by the privately owned Pacific Natural Gas. Hudson's Hope has a predominantly resource-based economy. The community was founded as a trading post along a portage trail but with sternwheelers and steamships navigating the Peace River in the 1800s resource extraction, such as logging and farming, began. The town's economy turned towards construction starting in the 1960s with the Bennett Dam followed by the Peace Canyon Dam. Additional staff have been employed with the dams’ museums and tour-related activities. According to the 2001 Canadian census, 20% of the 500 person labour force were employed in utilities, 14% in construction, and 11% in logging. The community has a low poverty rate despite the low participation rate and high unemployment. With males who work full-time, full year making twice as much as females, there is a large male-female income gap. The only school in the municipality is the Hudson's Hope Elementary-Secondary School, administered by School District 60 Peace River North. The school, constructed in 1993, teaches students from kindergarten to grade 12 and has an enrollment of about 220 students. Northern Lights College offers courses at the Hudson's Hope Learning Centre that focus on the oil and gas industry, as well as adult basic, continuing, and vocational education. The 2001 Census estimated that only 6% of people in Hudson's Hope between 20 and 64 years old graduated from a university, much less than the 24% provincial average and 30% did not graduate from secondary school, 10% higher than the provincial average. The Hudson's Hope Museum is located in the old Hudson's Bay Store, built in 1942. It has exhibits on the area's prehistory (i.e. dinosaur fossils, bones and tracks), frontier times (i.e. aboriginal, North West Company and the Hudson's Bay Company artifacts), and boom times (i.e. construction of Bennett and Peace Canyon dams). Both dams have museums and offer tours. The museum at the Bennett Dam focuses on the massive engineering and construction programs to build the reservoir and world's largest earth-filled dam. The museum at the Peace Canyon Dam focuses on the natural history of the area, especially the dinosaur finds that were discovered during construction of the dam. The town's thousand people maintain a library, skating arena, curling rink, and an outdoor heated swimming pool. The Hudson's Hope Community Hall is used for theatrical performances, dances, and public meetings. Annual events include a rodeo in June, a fall fair in August, and a torchlight parade in December.