01/28/1999 ECONOMIC DEV AND INDUSTRIAL COMMITTEE Minutes

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r MASHPEE ECONOMIC DEVELOPMENT COMMITTEE MINUTES JANUARY 28 , 1999 Present: Ken Cirillo, Jack Hart , David McNamara , Mark Schmit , Kevin Shackett , Heidi Trottier , Wayne Duchemin. I Wayne D. .opened the meeting at 7 : 05 p.m. in Conference Room #2 at Mashpee Town Hall . Wayne chaired the meeting in Fred DiMeco' s absence. The Minutes of December 10 , 1998 were approved. Augat/EDIC Update_ Wayne has been working with Marty Harper, and he submitted an application to the State to receive funds to take over the Augat Building. Since Mashpee does not meet the State' s criteria to form an EDIC , we need a legislative change. Wayne feels the EDIC formation will occur regardless of the outcome of the Augat building. The strategy for acquiring the acres next to Augat is to lobby for a zoning change. We will advocate and generate income for a full-time program, and EDIC will be a conduit to take over the Augat building. Thomas and Betts have shut the door on any other proposals , and the offer from the Cape Cod Chamber and EDIC is standing. We can proceed with an Article for a Mashpee EDIC and go after the State requirements simultaneously. The building consists of 80 ,000 sf , along with 16 acres , which hopefully will attract a potpouri of different sized , clean businesses. If we get the grant money , we will own it. The timetable is this summer. The key is the State funding and creation of an EDIC. If the grant does not come through , we will seek other funding sources . A capital venturist could take the company from crib to the grave. Wayne asked EDC members to consider being on the Board of Directors of the EDIC. The board will act in more than an advisory capacity; they will be responsible for a larger budget. A banker and lawyer as required by law will sit on this board . The Industrial Park is still looking for the "big hit". Our approach is the incubabator. Business Forum 1999: Wayne has a list of businesses , and he needs help ,going over them and doing a mailing. He will get Willowbend' s list ,. and Marty Harper has a list. He plans to target the entire Cape. Willowbend and New Seabury are good potentials for doing the mailing; they are a focused group who knows the Town well .