02/28/1995 ECONOMIC DEV AND INDUSTRIAL COMMITTEE Minutes

Home Browse Search

f ECONOMIC DEVELOPMENT COMMITTEE MINUTES OF FEBRUARY 28, 1995 Members Present: Paul Reynolds, Steve Innis, Ted Lewis . Also present: Wayne Duchemin, E.D. Coordinator The meeting was called to order at 7 : 05 p.m. by Vice Chair Paul Reynolds who chaired the meeting in Sid Stern' s absence. The Minutes of February 14, 1995 were accepted with the following addition to page 2 : Steve Innis reported that he has continued with the distribution of the "Guidebook" to the Mashpee Real Estate firms and is very near completing this task. The Minutes of February 21 , 1995 were accepted with the correction of said date. Joanne Ferragamo, Chairperson of the 125th Anniversary Committee, distributed a calendar of 1995 events. Ms. Ferragamo reviewed the activities being planned starting in March. She noted the award winning logo on the letterhead and is asking businesses in Mashpee to use the logo and the 125th Anniversary theme. There are commemorative items available for sale such as mugs, postcards, sweatshirts, and a book by the Historical Commission. There is an info center set up with a phone to receive orders. Ms. Ferragamo stated that this event received a budget of $38 , 000 and all proceeds go toward reimbursing the Town. Paul recommended sending the calendar to the local hotels, motels , and B&B' s on the Cape to draw interest from tourists. Ted recommended contacting John O'Brien at the Cape Cod Economic Development Council for marketing support. Wayne suggested setting up a booth at the County Fair and the Pow Wow. Ted suggested selling commemoratives at the Pops Concertn, Willowbend Golf and Tennis Tournament. Welcome banners were suggested to be placed throughout the town; it was noted Jamie Regan is working on this. Paul suggested getting bumper stickers and easy on/off window stickers. Steve offered a joint financial venture through the concert committee or chamber to help fund replenishments . Steve gave an explanation of the Investment Tax Credit Program ( ITC) . There is not much advantage under this program; property tax abatement is more advantageous. ITC in Massachusetts includes only depreciable assets such as equipment and not land and buildings and does not amount to much unless you are a very large Corporation. Ted stated that getting the ETA status in Mashpee is still a good marketing tool. The Forum workshop with Kathy McCabe will be held on March 21st at 7 : 00 p.m. A motion was made, seconded and unanimously voted to move the regular meeting from March 14th to March 21st subject to -1 -