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HomeMy WebLinkAboutLCPC Meeting Presentation_2024-0509Barnstable Local Comprehensive PlanCommittee Meeting May 9, 2024 Meeting Agenda •Review of Village Community Meetings & Public Comment Period •Infrastructure Survey Question •Presentation by Kyle Pedicini, Community & Economic Development Planner •Breakout Groups: Review Economic Development Goals & Strategies April 2024 Village Community Meetings Village Community Meetings How to Submit Comments on the Draft Chapters Digital Copies BarnstableLCP.com Paper Copies Village Libraries ▪Attend one or more of the village community meetings •Submit comments online via the project website •Drop off or mail comments to Planning & Development’s office Public comment open through Thursday May 16th Infrastructure Survey Question Infrastructure Survey Question: Through May 26th Breakout Groups: Economic Development Goals & Strategies Economic Development Goals & Strategies ▪Place-Based ▪Education Sector ▪Zoning & Regulatory Tools ▪Cultural Sector ▪Design Review ▪Visitor Based Sector ▪Local Business ▪Healthcare Sector ▪Infrastructure ▪Blue Economy ▪Recreation ▪Growth Incentive Zone ▪Economic Sector Economic Development Presentation What is Economic Development? •Program, policies or activities that seek to improve the economic well-being and quality of life for a community ➢ Promoting the cultivation of community wealth and happiness General Economic Development Goals •Creating more jobs and more job variety •Keeping existing businesses and attracting new ones •Cultivating a better quality of life for residents •Encouraging more productive use of property •Promoting community assets •Making and selling more local products •Attracting more skilled workers to the community •Fostering local ownership Barnstable Economic Development Recent History - Permitting •Regulatory Agreement Districts established in 2004 ➢ Flexible tool that can allow development outside of traditional zoning if project provides tangible community benefits •Downtown Hyannis Growth Incentive Zone, originally established in 2006, was re-authorized in 2018 through 2028 ➢ Exempts commercial properties from Cape Cod Commission review ➢ Encourages concentrated mix of residential and commercial uses in Hyannis •Also granted exemption to Cape Cod Commission review for certain sized projects in the Regional Economic Centers and Industrial areas of town •Created a Permitting Coordinator position to better assist small businesses with the permitting process Barnstable Economic Development Recent History - Incentives •Tax Increment Exemption: Relief on property taxes for improvements made to residential buildings in exchange for community benefit (i.e. affordable units) ➢ Seven TIE applications approved since 2022 •Tax Increment Financing: Relief on property taxes for new commercial investments in exchange for retaining and creating new well-paying jobs ➢ Zero TIF agreements in past decade Barnstable Economic Development Recent History - Zoning •Established Gateway Medical District in 2017 to allow for multi-family developments •Amended the Highway Business District zoning ordinance in 2019 in response to current market trends to encourage investment in the aging commercial corridor •Updated zoning for the Cape Cod Mall in 2022 to allow for complimentary uses (hotels, mixed-use) to retail •Medical marijuana zoning was revised in 2022 to relax separation restrictions •Amended the home occupation ordinance in 2023 to expand in all zoning districts as of right if the business meets certain conditions Barnstable Economic Development Recent History - Zoning •Downtown Hyannis Zoning revision approved in 2023 incentivizes residential and mixed-use development ➢ Targeted investment in underutilized properties Barnstable Economic Development Recent History - Arts •Established two state-designated Cultural Districts: HyArts Cultural District and Barnstable Village Cultural District •HyArts Shanties program started in 2005 and expanded in 2018, with over 100 artists participating each year Barnstable Economic Development Recent History - TDI Barnstable Economic Development Recent History - TDI •Hyannis Transformative Development Initiative (TDI) District was established in 2022, one of only 13 districts in the state ➢ Hyannis Snack Shack food entrepreneurial incubator program ➢ Downtown Hyannis Façade Grant Program in 2023 and 2024 ➢ Hyannis Village Green re-design ➢ Local Business Boost program Barnstable Economic Development Recent History – Capetown Plaza •Town issued RFP in 2018 to redevelop the CapeTown/Kmart Plaza on Route 132 in Hyannis •WS Development was awarded bid to lease plaza and rename it The Landing at Hyannis Barnstable Economic Development Recent History – Marketing BusinessBarnstable.com Hyannis Investment Prospectus Economic Development Demographics •Median household income: $94,387 (slightly above $90,447 Cape Cod average) •Median Sale Price for Single Family Home (2023): $799,000 •Median Wage: $64,220 ➢Compare to $199,000 salary needed to purchase median priced single-family home •Average Age: 47.1 (older than median age in MA of 40.3) ➢30% of residents are over 60 years old •Top employers: ➢ Cape Cod Healthcare ➢ Town of Barnstable ➢ Cape Cod Community College ➢ Cape Air ➢ Dialogic Inc Economic Development Demographics •Top Industries for Barnstable: Residents Jobs ➢Educational, healthcare, and social services 24.1% 29.8% ➢Professional, scientific, management, administrative and waste management services 12.7% 7.3% ➢Construction 12.1% 6.1% ➢Retail trade 11.4% 16.8% ➢Arts, entertainment, recreation, and accommodation and food services 8.4% 15.1% ➢Finance, insurance, real estate and rental/leasing 6.4% 5.2% ➢Other services, except for public admin 5.9% 4.9% ➢Manufacturing 5.2% 2.9% ➢Public administration 5.0% 4.8% Economic Development Challenges in Barnstable •Out of reach housing prices resulting in a lack of workforce •Older population also negatively impacts workforce •Seasonal population = seasonal demand fluctuations •Economy highly dependent on tourism industry, which is very sensitive to global economic trends •Lack of high-paying industries such as STEM and manufacturing •Shortage of large tracts of land that would be needed for agriculture or manufacturing •Limited public transportation options – car dependent workforce Economic Development Opportunities in Barnstable •High demand for medical services with older population ➢ Potential to attract more medical uses with good jobs •Blue Economy potential ➢ Barnstable ranked 4th in the state in 2018 in total commercial fishing vessel value per community ➢ Chatham Fish Pier type project in Hyannis? ➢ Seafood processing plant? ➢ Natural resources and polluted estuaries can provide setting for the development of new clean water technologies ➢ How can local trade schools and community college be better incorporated in local workforce development? Economic Development Opportunities in Barnstable •Demand for sports facility with indoor fields and conference space ➢ Chance to recapture the economic value the region currently loses when kids are forced to play off-cape due to lack of facilities here ➢ Can attract visitors outside of peak season •COVID shift to more remote work makes the community an attractive work-from-home location ➢ How can expansion of broadband infrastructure effect this? •Hyannis Main Street BID and other business support organizations such as E4All and Love Live Local as strong community partners Examples From Other Communities •Falmouth Economic Development & Industrial Corporation ➢ Non-profit established in 1984 with the goal of increasing business and industrial investment and job opportunities in Falmouth ➢ Recently implemented broadband project in downtown Falmouth •Plymouth & Wareham Redevelopment Authorities ➢ Quasi-public agency established to redevelop blighted areas for industrial, commercial, residential, or recreational purposes ➢ Wareham purchasing dilapidated buildings to re-purpose as flood-resilient buildings, open space, or parking ➢ Plymouth facilitates brownfield remediation and affordable housing development Examples From Other Communities •Provincetown & Yarmouth Tourism Funds ➢ Funded through rooms and meals tax revenue ➢ Provides funding for special events, public improvements, and marketing ➢ Barnstable has similar fund, but at smaller scale •Winston Salem “Restaurant Row” program ➢ Low interest loan program designed to incentivize new dinner restaurants in the downtown •Berkshire Community Land Trust ➢ Non-profit organization that owns property and holds it in perpetuity for the benefit of the community ➢ Provides affordable access to lands for housing, farmsteads, retail, and manufacturing Possible Next Steps for Barnstable – Broadband •Town recently utilized $297,000 in CDBG funding to expand high-speed fiber optic infrastructure in downtown Hyannis to allow for low -cost hookups for residents and businesses in the area •Also participating in the State’s Digital Equity Planning Program •How can we expand broadband infrastructure throughout the town to serve both residents and businesses? •Need for competition for fair pricing and additional capacity for data processing Possible Next Steps for Barnstable – Hyannis Harbor •Town is currently working with consultant to develop Hyannis Harbor Master Plan to create a cohesive strategy for the mix of land uses around the harbor •How can we support this working waterfront that has so many competing uses? •Future planning for climate resiliency and sea-level rise •Strengthen connection from downtown Hyannis to harbor area Possible Next Steps for Barnstable – Great Streets •Great Streets Hyannis project – reversion to two-way travel in downtown Hyannis to improve walkability of the downtown ➢ Seeks to make downtown Hyannis a more attractive place to visit via all modes of transportation ➢ Savannah, GA example in 1990s – number of businesses rose by 50% after reversion of one-way downtown to two-way Possible Next Steps for Barnstable - DIF •Downtown Hyannis District Improvement Financing Program currently being explored with consultant ➢ Would establish a funding stream derived from new growth tax dollars (new investment) in an area that are invested back in the same area for public improvement + economic development projects ➢ Flexible source of funding, able to fund creative economic development initiatives such as beautification projects and facade grant programs -BREAKOUT GROUPS- The Local Comprehensive Planning Committee is reviewing the draft goals for the Economic Development chapter and will return shortly. The goals are included with the meeting materials on the project website BarnstableLCP.com. Comments can be submitted to BarnstableLCP@town.barnstable.ma.us.