Cape Cod Chamber of Commerce

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January 25, 2002

In this edition:

Dates to mark in your calendar

golf show special opportunity

new opportunity on www.capecodchamber.org

Massachusetts tourism marketing awards

SBA Sept 11 Economic Injury Disaster Loan Workshops Continue

Highlights from MOTT TravelStats Newsletter ďż˝ January 2002

Dates to mark in your calendar:

January 29^th, 2002, registration begins at 7:30 am , program begins at 8:00 am: 2002 Economic Outlook sponsored by Fleet Private Clients Group at the Sheraton Hyannis. Wayne Ayers, PhD, Chief Economist, FleetBoston Financial and Thomas Fay, CFA, Chief Operating Officer and Managing Director of Regional Investments for Fleet Investment Advisors will speak. $20/person. RSVP to [email protected]

February 12^th, 2002 , 8:00 ďż˝ 10:00 am : Open House at Cape Cod Chamberďż˝s Administrative Offices ( 307 Main St. Suite 2 , Hyannis , MA ). We have set aside time specifically for staff to meet with you and discuss your needs or questions. Learn about ongoing Cape Cod Chamber programs and opportunities. Please RSVP to meet with a specific staff person. This is the first in a series of open houses to be held in 2002.

March 15^th, 2002, details TBA: Legislative Breakfast with local legislators. Please submit questions &/or discussion topics you would like addressed by February 15 by clicking here.

March 21^st, 2002 : Eastern Massachusetts Regional Tourism Conference to be Held at Johnson & Wales Inn, Seekonk

March 23^rd, 2002 : The Money Conference for Women, 8:30am ďż˝ 4:30pm , Sheraton Boston .
This event, hosted by State Treasurer Shannon Oďż˝Brien in partnership with the YWCAs of Boston and Malden , is a FREE daylong conference that focuses on money management strategies for women of all ages, incomes and levels of financial knowledge. Conference workshops highlight topics such as investing, retirement planning, getting out of debt, and estate planning. Includes breakfast and lunch and complimentary childcare for a limited number of children. The event is FREE but registration is required. Registration begins February 4. Visit www.moneyconferenceforwomen.com to register online or call 800.711.4451 to request materials by mail.

April 9^th, 2002 , 7:30 am ďż˝ 5:00 pm : The Cape Cod Chamber of Commerce and Cape & Islands Community Development Inc. Small Business Resource Seminar ďż˝ ďż˝Getting Back to Your Futureďż˝ sponsored by Rockland Trust Co. Topics include: Utilizing Technology in your Business, Financing for Small Businesses, Accessing International Markets, Emergency Preparedness & Healthy Workplaces.

April 29 ďż˝ May 1, 2002 : Discover New England ďż˝s Seventh Annual Tourism Summit & International Marketplace. Join us on Cape Cod and support your regional international tourism marketing program.

Golf Show special opportunity

The Cape Cod Chamber is offering a Five-Show package for distribution of your business brochure.

For the cost of $75 per show, or $299 for all five shows, the Cape Cod Chamber will display and distribute up to 100 of your businessďż˝s brochures at each of the following shows: Greater New Jersey Golf Show; Albany (NY) Golf Expo; Springfield-Hartford Golf & Travel Expo; Portland , Maine . Also, we will distribute up to 200 brochures at the Boston Golf Expo.

Interested in one, two or all the shows? Let us know. Contact Geoff Converse, Director of Golf Services at 508-862-0700 extension 533 for details or email [email protected].

Announcing a new opportunity on www.capecodchamber.org!

Add a picture to your listing for just $60/year. Add a picture and a logo to your listing for just $75/year. Pictures & logos must be provided on a disk or via email. Pictures & logos must be .jpg or .gif format (no larger than 200 x 200 pixels or 15K) provided on a disk or via email. Email Lindsey to sign up.

Massachusetts Tourism Marketing Awards 2002

The Massachusetts Tourism Marketing Awards annually recognize marketing excellence and outstanding achievement by Massachusetts Regional Tourism Councils (RTCs) and RTC member tourism organizations. Businesses or organizations that win a Massachusetts Tourism Marketing Award will receive their award at Tourism Day at the State House on Tuesday, May 7, 2002 .

2002 Award Categories. There are three general areas of competition. The awards will go to those entries that best demonstrate excellence or significant achievement in these specific categories. 1. Best Tourism Creative Execution (10 awards): Attractions, Tours, Events, Museums, Performing Arts, Regional Tourism Councils, Retail, Restaurants, Accommodations- under 75 rooms, Accommodations ďż˝ 75 rooms and over. 2. Best of the Web (1 award). 3. Best of Show (1 award).

Entries may be any or all of the following: collateral, print advertising, broadcast advertising (radio, television, video), rack brochure, poster, billboard, photography.

Eligibility: Regional Tourism Councils and all RTC member tourism organizations are eligible to participate except those represented on the judging committee. Entries should pertain to programs that promote travel to and within Massachusetts . Creative development must have occurred during the calendar year 2001.

Please click here to request more information be faxed to you. Please remember to include your fax number in the email.

SBA Sept 11 Economic Injury Disaster Loan Workshop

Due to overwhelming demand, the U.S. Small Business Administration is extending the deadline for applications under its Sept 11 Economic Injury Disaster Loan Program. Consequently, Cape and Islands Community Development, Inc. will continue to host representatives from the U.S. Small Business Administration on a weekly basis as they discuss the SBAďż˝s Sept 11 Economic Injury Disaster Loan Program. The program is available to Massachusetts businesses affected by the September 11 events or subsequent federal actions.

The workshops will be held every Monday in January and February, excluding holidays, at 1:00 p.m. at Cape & Islands Community Development, 307 Main Street, Hyannis, MA . You need attend only one workshop

Eligible small businesses that have been directly impacted and have suffered substantial economic injury can apply for working capital loans of up to $1.5 million at up to 4% for up to 30 years. Loan proceeds can be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred. Loans in excess of $5,000 require the pledging of collateral to the extent that it is available. Personal guaranties are required. The SBA will not decline a loan for lack of collateral. If a small business can demonstrate a loss of revenue, year to year as of Sept 11, the SBA may be able to provide much-needed assistance through this program.

Applications will be available at the workshop. They are not available via the mail and must be obtained in person from an SBA rep. The application process has been streamlined. The SBA will try to make decisions on each application within 21 days.

Per Jeannine Marshall, Executive Director, ďż˝Many regional businesses have already taken advantage of the Disaster Loan Program. The program can provide much needed relief to Cape and Islands businesses temporarily struggling to cover operating expenses. Bed and breakfasts, in particular, have benefited from the program.ďż˝

Workshop reservations are required and may be made by calling Jessica at Cape & Islands Community Development, 508-790-4980 ext 516.

Cape and Islands Community Development, Inc. is a not-for-profit finance company providing loans and technical assistance to small business on the Cape and Islands. In addition to its commercial activities, it provides home ownership opportunities through its Downpayment Assistance Program and Interest Rate Subsidy Program. CDI is located at 307 Main Street, Hyannis, MA 02601 (508) 790-2921. Jeannine Marshall is Executive Director.

Highlights from MOTT TravelStats Newsletter ďż˝ January 2002

Total Room Occupancy Tax Collections December 2001 collections dropped 24.1% compared with December 2000. Fiscal-year-to-date total room occupancy tax collections fell 18.4% below FYTD 2001 in December. (Source: Department of Revenue Monthly Report of Collections and Refunds)

The Massachusetts Tourism Fund is down 17.0% for fiscal year 2002 from $25.9 million in December 2000 to $21.5 million in December 2001. (Source: Department of Revenue Monthly Report of Collections and Refunds)

Museum and Attraction Attendance Massachusetts museum and attraction attendance for November 2001 fell just 0.5% compared to November 2000 attendance. (Source: MOTT aggregate of 27 Massachusetts museums and attractions, attendance based on Museum of Science Report )

Logan International Airport Passenger Volume

In November, the number of domestic passengers arriving to and departing from Logan International Airport dropped 32.1% compared to November 2000. In calendar year 2001, domestic passenger volume dropped 13.6% compared to 2000. The number of international passengers dropped 29.9% in November, but only dropped 3.7% in calendar year 2001 compared to 2000. (Source: Massport)

MASSVACATION.COM Activity In December 2001, visits to massvacation.com were down 22.5% compared to December 2000 (62,620 v 80,835). (Source: CGN)

MOTT Getaway Guide Requests Getaway Guide requests fell 21.2% in December 2001 compared with December 2000. Requests in calendar year 2001 were down 8.1% compared with 2000. (Source: MOTT fulfillment department & d|a|p)

COMING SOON TO ON MASSVACATION.COM/RESEARCH:

The 2001 Economic Impact of Travel on Massachusetts Counties will be released within the month. This annual report will overview the economic impact of travelers to the Commonwealth and its counties, including the amount of direct spending by domestic and international travelers, the number of jobs supported by traveler spending, and the contribution of travelers to state and local taxes.