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i <br /> ;�c a <br /> Economic Overview: Job creation has not kept pace with the <br /> growth of population. Mashpee' s per capita income has been in <br /> decline over the past ten (or so) years. Mashpee also has <br /> significant seasonal job fluxuations, which affects overall <br /> income. <br /> Economic Structure: The Town' s job base is small relative ,. <br /> to population. Most Mashpee residents work outside of the Town; <br /> most of the jobs in Mashpee are held by people from other towns. <br /> Mashpee' s economy is very interdependent with other towns on the � ! <br /> Cape and off-Cape economy. Mashpee' s economy is heavily weighted <br /> toward retail jobs. The vast majority of manufacturing <br /> jobs depended upon Augat, which is now closed. Finance, <br /> insurance and real estate has been a significant source of growth <br /> in the region and an important component of Mashpee' s economy. iuF <br /> Key Findings: The physical environment in Mashpee poses <br /> both an o pportunity. and a constraint to economic development. <br /> Mashpee's environment attracts economic development. Certain 9:_ <br /> types of economic development are constrained by regulatory <br /> processes necessary because of our sensitive environment. <br /> Economic development is not defined by real estate development or <br /> limited to improving the community' s tax base, but rather <br /> improving living conditions and economic conditions for Mashpee <br /> residents. Economic development initiatives need to be targeted <br /> to the needs of unemployed and underemployed Mashpee residents. f. <br /> The Mashpee Industrial Park represents the Town' s best site for <br /> future industrial growth. The Economic Development Committee is <br /> working closely with the Industrial Park and Cape Cod Commission Ili , <br /> on a pre-screening process and development agreement to simplify <br /> permitting for businesses that move into the Park. <br /> The following Goals and Objectives have been the subject of <br /> a public hearing and have been adopted and recommended by the <br /> Planning Board, as well as the Economic Development Committee. <br /> 1. To create and maintain a balanced and sustainable local <br /> economy while preserving and enhancing Mashpee' s environment and <br /> cultural heritage. P' <br /> Atli",,P <br /> 2. To increase the incomes of Mashpee residents. <br /> 3 . To provide our residents with a full range of commercial iil; T <br /> facilities and services in keeping with the community' s <br /> size and potential market area. "I <br /> 4. To increase the town' s industrial and commercial tax <br /> base while minimizing increased municipal service costs, ; <br /> environmental impacts and other adverse impacts on the Iili�dr;' <br /> E <br /> community. ®' ,! <br /> There is also included in this Element a list of Community <br /> Objectives (A-P) , which Mr. Fudala made reference to but did not �! <br /> address individually. <br /> 1 <br />