In 1796 there were more sailing vessels in Hillsborough Bay when Sir Ralph Abercromby met there to launch an attack on the Spanish. The town is home to Carriacou National Museum, on Paterson Street, which used to be a cotton gin mill. Today the museum is managed by Carriacou Historical Society.
In 2010 there were five government/assisted schools located in the Hillsborough area. Education is free and compulsory up to the age of 16. There are also several tertiary institutions in Hillsborough.
The port in Hillsborough is the main one on the island. The port also operate the ferry service between Grenada and Petite Martinique and also to other Grenadine islands. All of the banks on Carriacou are situated on Hillsborough's Main Street.
The island's airport, Lauriston Airport, is approximately 1 km away from the town. It serves as the island's transportation hub for public and private buses (mini-buses) around Carriacou.
Hillsborough has a seasonal tropical climate, specifically a tropical wet and dry climate. The wet season is from June to December, and the dry season from January to May.