2. Cape Cod Challenges
• Remote
• Coastal
• Limited infrastructure
• High Cost of Living
• Seasonality
3. Our Objectives
• Strengthen business
sectors with competitive
regional advantage
• Increase energy efficiency
and local renewable energy
generation
• Increase the affordability
and availability of safe,
stable year round housing
for local residents.
4. Our Fishermen
• Small Boats (35-50 ft)
• Capt & 1-4 Crew
• Independent & Owner
Operated
• Diversified & Opportunistic.
(Cod, Haddock, Lobster,
Scallop, Tuna, Skate,
Dogfish, Monkfish)
• Diversity creates stability
• Culturally important
• Good Cape Cod jobs
• Growth Industry with fish
rebuilding
5. Fish Management: The Basics
• Scientists set quotas
annually
• Fishermen receive a %
share
• Quotas are tradable and
leasable
• Rapid price appreciation
• Smaller businesses face
capital challenges
• Catching fish is no longer
the toughest challenge for
fishermen
6. A Novel Solution
• We buy fish quota
• We lease fish quota to eligible
Cape Cod fishermen at 50% of
market price.
• We use the application
process to reinforce best
business practices.
• Helps local fishermen improve
their business competitiveness
• Offers business planning &
other business technical
assistance
7. Partnership Model
Working Together
• Complimentary Expertise
• Communication
• Respecting our
Differences
CCFT
• Trusted by Fishermen
• Industry Leader
• Regulatory Expert
CDP
• Economic Development
• T/A & Loans
• Quota Management
8. Status today
Fishermen Case Study
• New Boat, Permit, Quota
• 2 loans for $155,000
Fisherman: Ryan • 1 line of Credit
T/A for Business expansion • 2 FT and 2 PT employees
• Applying for CCFT Program
9. What’s next
• Innovative Loan Programs
• Fish Hub – Software
• New Entrants to program
Hinweis der Redaktion
Introduction of Paul and Sheila and overview of what we are going to say. Overview of CDP and CCFT, a bit about our challenges on Cape, Our programs, our partnerhsip, a client example , Insight into challenges of fishing today, and what’s ahead.
CDP has integrated solutions of Affordable housing and Economic development into their programs for 20 years. Unlike some communities you can not escape the high costs of living and seasonality of our businesses to work on the Cape. Year round businesses are few and far between and exodus of young professionals in search of jobs and homes has impacted us greatly. Maybe you or your children had summer job on Cape and spent all their wages on rent. Imagine a family trying to make a go of it.
Strengthen: TA and LoansIncrease: Cape & Islands Green, Real Return Increase: 58 Units of Affordable housing, Housing Rehab Program
Too many words on slide. Good message
Working together for 4 years. Partnership has evolved due to maturity of program, funding needs and evolution of our program. Remains a national model for collaboration and fisheries management.
Developing innovative loan program to help scallop fishermen buy the quota.CDP and CCFT worked for a year to develop an online tool specifically designedfor fishermen to manage their business- Fish HubPriority this year to bring in new fishermen into the program
