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December 21, 2001 Everyone here at the Cape Cod Chamber wishes you and yours all the joys of the holiday season and a peaceful and prosperous 2002. Our next weekly e-newsletter will be sent January 4, 2002. In this edition: Business Development Notes: Business Networking Group, Business Insurance Rates, SBA training grants, The PRIME program October 2001 Economic Update Released For those of you searching for a last minute gift for the golfer in your life, the Cape Cod Golf Passport will be on sale 12/22 from 10 � 4 and 12/24 from 10 � 2:30 at our Route 6 & 132 Visitor Center and from 9:30 � 2:30 on 12/24 at our Main St, Hyannis office. The $79 Passport delivers over $1500 in savings at 27 local golf course through December 2002. Dates to mark in your calendar: January 17, 2002, 5:30 � 7:30 pm: Member to Member Networking Event at the Radisson Hyannis. Join us for networking, hors d�oeuvres, cash bar & door prizes! RSVP to [email protected] January 29, 2002, 7:30 � 9:30 am: 2002 Economic Outlook 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] March 21, 2002: Eastern Massachusetts Regional Travel & Tourism Conference sponsored by MOTT at Johnson & Wales Inn, Seekonk. MOTT is currently seeking sponsorships: Silver Sponsors Three sponsorships are available:
Benefits:
Looking to increase business opportunities? The Cape Cod Chamber�s Business Networking Group may be right for you. The group meets twice a month to share business leads and discuss timely issues affecting the Cape Cod business community. The group currently is looking to expand its membership. For more information please contact Peter Bryanton, VP of Small Business Services, at [email protected] or call 508-790-4980 x532. Business insurance rates have increased drastically since �9/11� and additional changes in the industry are inevitable. The U.S. House of Representatives has recently passed a piece of legislation known as the Terrorism Risk Protection Act which would provide federal financial assistance to the insurance industry as they work through this situation. Next Thursday, December 27, Massachusetts Congressmen Barney Frank and Jim McGovern have offered to come to Fall River to explain the situation on Capital Hill and discuss the concerns of area business owners and insurance professionals. Both congressmen, as well as the president of the Massachusetts Association of Insurance Agents will be present to discuss the impact on business and the federal response. For more information, please go to www.fallriverchamber.com, or contact the Fall River Chamber at [email protected]. The SBA is now accepting training grant applications for very small businesses.
America's smallest businesses will now have access to more training and technical assistance to help them start or grow a business under a new program funded by the U.S. Small Business Administration The PRIME program was created to help the smallest of small businesses by offering
training and technical assistance to low-income and very low-income entrepreneurs with
small businesses of five employees or less. These are entrepreneurs at the most basic
stage of starting a business � those who typically require the greatest amount of
committed service and guidance
Entrepreneurs and small business owners who may qualify to receive training or technical assistance under the PRIME program should contact their local SBA district office listed at www.sba.gov/services. Economic Update for October �01 is available on www.ecapechamber.com
The Cape Cod Chamber of Commerce is pleased to present the October 2001 Monthly Economic Update, an in-depth look at economic activity for that month in several categories. Highlights from MOTT TravelStats Newsletter � December 2001 State Hotel Room Tax Collections November 2001 collections dropped 36.5% compared with November 2000 indicating a major loss to the Massachusetts lodging industry during October. Year-to-date hotel room occupancy tax collections fell 17.6% below FY 2001 fiscal-year-to-date collections in November. (Source: Department of Revenue Monthly Report of collections and Refunds) Domestic Travel to Massachusetts The number of year-to-date (January through September 2001) Massachusetts person trips to has increased 6% over 2000 volume (20.4 million v. 19.2 million). (Source: TravelScope�) Museum and Attraction Attendance Massachusetts museum and attraction attendance for October 2001 fell 4.9% compared to October 2000 attendance. Signifying recovery from the events of September, October 2001 attendance rose 21.6% from September 2001 attendance. (Source: MOTT aggregate of 27 Massachusetts museums and attractions, attendance based on Museum of Science Report) Logan International airport Passenger Volume As of October, the number of domestic passengers arriving and departing from Logan International Airport dropped 35.1% compared to last October and dropped 11.7% in year-to-date volume. The number of international passengers dropped 30.5% in October, but only 1.5% in year-to-date volume. (Source: Massport) MASSVACATION.COM Activity In November 2001, visits to massvacation.com were down 2.7% compared to November 2000 (87,638 v. 90, 070). This is an improvement from October when visits were down 39.8% from October 2000 (Source: CGN) Hotel reservations made in November from massvacation.com through MOTT�s partner site WorldRes.com were down 33.8% from last November. However, November appears to be a slow month for on-line reservations. This year�s reservations totaled 51, while last year�s totaled 77. (Source: WorldRes.com) MOTT Getaway Guide Requests Getaway Guide requests received by MOTT staff via massvacation.com, toll-free phone calls, mail and email, fell 24.7% in November 2001 compared with November 2000. However, requests are up 3.4% for the year. In November, MOTT�s fulfillment partner, d|a|p associates, experienced 36.5% loss in Getaway Guide requests compared to November 2000. Year-to-date requests are down 28.3%. NEW ON MASSVACATION.COM/RESEARCH: Advertising Return on Investment (ROI) Study. MOTT recently complete and advertising ROI study which assessed the impact of MOTT�s 2001 spring advertising campaign on travel to the Commonwealth. For each media dollar spent, Massachusetts received $37.27 in direct expenditures, plus $2.24 in state and local taxes. The Segmentation Study. MOTT recently released the results of a segmentation study conducted to better understand the travel decision processes of potential visitors to Massachusetts. Two key groups, or segments, were targeted for in-depth analyses. Travel Information Media Research. In cooperation with two other states� travel agencies, MOTT participated in a research program designated to explore the methods in which travelers gather information, specifically the changing roles of web-based and print travel media. The frequency of use, importance of features, and preferred uses for several types of travel information are explored. Rooms Occupancy Tax Collections. Changes have been made to the room occupancy tax collections report available on-line. The new report will be updated monthly to include the latest month-to-month and year-to-date comparisons on total room occupancy tax collections. This document also includes a history of Massachusetts room occupancy tax collections spanning more than 20 years, as well as a section detailing county-level collections. |
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