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Cape Cod Challenges
• Remote • Coastal• Limited infrastructure • High Cost of Living• Seasonality
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.
• 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
Our Fishermen
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
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
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
Status today • New Boat, Permit, Quota• 2 loans for $155,000• 1 line of Credit • 2 FT and 2 PT employees• Applying for CCFT Program
Fisherman: Ryan T/A for Business expansion
Fishermen Case Study
What’s next
• Innovative Loan Programs
• Fish Hub – Software
• New Entrants to program
