BRIST L COUNTY BUSINESS NEWS The Official Publication of the Bristol County Chamber of Commerce, Inc.
January 2018 Edition
Corner Office: Looking Back
The value of a business association is demonstrated through its work product. What follows is a brief summary of the many issues and initiatives that were in some manner impacted by the Bristol County Chamber of Commerce. You will see that 2017 was a very busy year. Much of the year at the Chamber was devoted toward addressing the increasingly high costs of doing business that is burdening the membership. In addressing new taxes, fees, labor costs and energy, Forbes Magazine has ranked Massachusetts as the most expensive state in the United States to conduct business. This explains why the Chamber was unyielding about holding the line against legislation for a $15 minimum wage, employer paid family and medical leave, a millionaire’s tax that is a tax on LLCs and S Corporations, and predictive pay regulations. The Chamber was also part of a coalition of business groups that was able to mitigate the impacts of the new Health Care Assessment on businesses. Looking ahead to 2018, the Chamber is already preparing for the fight against several anti-business referendum initiatives scheduled to be included on the state ballot. Containing the high cost of electricity continues to be a top priority. With the loss of over 10,000 megawatts of power generation, which includes the closing of the Brayton Point power
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plant, Massachusetts residents and businesses are burdened with the highest costs for electricity in the continental United States. During the legislative session, the Chamber was engaged in behind the scenes advocacy for new energy generation infrastructure. The Chamber’s long term strategy includes the establishment of an offshore wind industry located within Southeastern Massachusetts. Working with the Baker Administration, legislative, state agencies and other partners, the Chamber will continue efforts aimed at expanding electricity generation infrastructure in a manner that could leverage the Taunton River, the Port of New Bedford and the former Brayton Point power plant. At the national level, the Bristol County Chamber of Commerce was a participant throughout the year within a working group of chambers across the county that were organized by the U.S. Chamber of Commerce for the purpose of advising Congress on the needs of small businesses in advance of drafting a federal Tax Reform Bill. The group worked hard to ensure the inclusion of a 20% income deduction within the final version of the bill that helped pass-through business entities such as LLCs and S Corporations. The Chamber was also part of a coalition of associations that successfully lobbied for the securing of another temporary waiver for Massachusetts from the onerous conditions within the Affordable Care Act (ACA). Another important national business issue addressed by the Chamber was the permanent blocking of the Department of Labor’s (DOL) enactment of overtime rules and the standards that would have more than doubled the exemption threshold to $913.00 per week, or $47,476.00 per year. Working closely with the U.S. Chamber of Commerce and the National Federation of Independent Businesses, the
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Bristol County Chamber of Commerce was part of a coalition of business groups who initiated legal action within the U.S. Court of the Eastern District of Texas to enjoin the federal agency action from going into effect. The injunction effort was successful. At the local level, the Chamber was part of the advocacy team that helped secured the $80 million funding within MassDOT’s Capital Investment Plan for the up and coming Route 79N project. Efforts are currently underway for the planning and redesign of the Route 79N interchange system and development of the Fall River pier location. These projects upon completion are intended to generate approximately 9 to 11 developable acres along the Fall River waterfront, which will include the future SouthCoast Rail train station. The SouthCoast Rail project, as a whole, looked to be on life support by the end of 2016. Recognizing that the Stoughton Route was environmentally impracticable and too cost prohibitive, the Chamber worked throughout the year with MassDOT, the SouthCoast Development Partnership and the Baker Administration to make commuter rail service to Fall River and New Bedford become a reality. On March 15,
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Bristol County Business News PUBLISHER Robert A. Mellion, Esq., President & CEO MANAGING EDITOR Jennifer Lourenco, Communications Manager ADVERTISING MANAGER Kimberly Coroa Moniz, Vice President The “Bristol County Business News” is produced monthly by the Bristol County Chamber of Commerce, Inc. The opinions featured in this publication do not necessarily reflect the views of the Chamber staff, nor of the members of the Chamber Board of Directors. This newspaper is printed at Mallard Printing. All letters to the editorial page must be signed and include a phone number. All submissions are welcome and should be sent via email to: email@example.com
MISSION STATEMENT The mission of the Bristol County Chamber of Commerce, Inc. is to be the primary business and community information source for its members and the public to provide networking opportunities for its members; and serve as an advocate, on behalf of its members, at the local, state and federal government levels.
Bristol County Chamber of Commerce, Inc. 200 Pocasset Street, Fall River, MA 02721 Phone: (508) 676.8226 Fax: (508) 675.5932 www.bristolcountychamber.org 2
2018 OFFICERS & EXECUTIVE COMMITTEE: Chair of the Board: Brian LeComte, Gold Medal Bakery Immediate Past Chair: Carl Garcia, Carl’s Collision Center Chair Elect: Bill Perkins, People, Incorporated First Vice Chair: Eileen M. Danahey, Saint Anne’s Credit Union Second Vice Chair: Nick Christ, BayCoast Bank Treasurer: Matthew Schondek, Fall River Municipal Credit Union Clerk: Curtis Nelson, Nelson Insurance & Financial Services President and CEO & General Counsel: Robert A. Mellion, Esq. BOARD OF DIRECTORS: Term Ending 2018 Carmen Aguilar, Bristol Community College Monte Ferris, Venus de Milo Anthony Medeiros, Mechanics Cooperative Bank Marty Monteleon, Individual Arthur Pacheco, New York Life Jason Rua, RDA Insurance Dawn Rusin, Re/Max Right Choice Term Ending 2019 Mike Bushell, St. Anne’s Hospital Bill Burns, SouthCoast Health Systems Catherine Dillon, BankFive Charlie Fellows, LaFrance Hospitality Melody Lavoie, Medeiros, Lavoie & Wilson, Inc. Doug Rodrigues, D.E. Rodrigues & Company, Inc Matt Zenni, Liberty Utilities Term Ending in 2020 Linda Baker, Baker Signs Works LoriAnn Taylor Branco, Center for Sight Roger A. Cabral, Bristol County Savings Bank Michael Lund, Borden Light Marina Scott O’Brien, O’Brien’s Plumbing & Heating, Inc. Carl Sawejko, Sawejko Communications Tobias Stapleton, UMass - Center for Innovation and Entrepreneurship EX-OFFICIO MEMBERS: Frank Marchione, President, FROED Kenneth Fiola Jr., Esq., Executive Vice President, FROED CHAMBER STAFF: Robert A. Mellion, Esq., President, CEO & General Counsel Kimberly Coroa Moniz, Vice President Brianna Rebelo, Manager of Operations & Finance Jennifer Lourenco, Communications Manager
The Massachusetts Small Business Center (MSBDC) Network provides on-to-one free comprehensive and confidential services focusing on, business growth and strategies, financing and loan assistance as well as strategic, marketing and operational analysis. In addition, low cost educational training programs are offered across the state targeted to the needs of small business. Massachusetts Small Business Development Center Network 200 Pocasset Street, Fall River, MA 02721 Phone: (508) 673-9783 Fax: (508) 674-1929 www.msbdc.org
Melinda Ailes Senior Business Advisor Clifford Robbins, Senior Business Advisor Daniel Lilly Government Sales Advisor Anne Fenton Client Services Coordinator Alison Moriarty Administrative Assistant Jill Beresford Senior Business Advisor Nancy Lowd Senior Business Advisor
(continued from cover) 2017, the Baker Administration rewarded these efforts by filing a Notice of Project Change (NPC) with the Massachusetts Environmental Policy Act (MEPA). The NPC restructured the project into phases that will leverage the existing Middleboro/Lakeville rail line to provide early action service (Phase 1) by 2022. Phase 1 of the project was funded in 2017 with $1.1 Billion within the MassDOT Capital Improvement Plan. Work to secure the Wetlands Permits also began in 2017. The construction of Phase 1 is set to begin in 2019, with a start of service date scheduled in 2022. This achievement cannot be overstated. Needless to say, 2017 was a very busy year for the Chamber. Participation in government and economic development by the private sector through its Chamber helps government officials understand and appreciate how legislation, ordinances and decisions impact local commerce and industry. Therefore, it should be no surprise that the Bristol County Chamber of Commerce will be hard at work in 2018. In the meantime, the Board of Directors and staff of the Bristol County Chamber of Commerce extends to the chamber membership, stakeholders, and partners, our very sincere wishes for great success, health and happiness in the year ahead. Please make shopping locally one of your New Yearâ€™s resolutions, and thank you for helping to make our region outstanding.
JANUARY 2018 CALENDAR All meetings are held at the Chamber unless otherwise noted
1/12 FRI..................................................................Education Committee Meeting 11:30 a.m.
1/19 FRI......................................................................Government Affairs Meeting 8:00 a.m.
1/29 MON..................................................................Finance Committee Meeting 11:30 a.m.
1/29 MON...............................................................Executive Committee Meeting 12 p.m.
1/24 WED...............................................................................Business After Hours Bristol County Chamber of Commerce 200 Pocasset Street Fall River, MA 5:00 p.m. - 7:00 p.m. 1/31 WED.........................................................................................Board Meeting 11:45 a.m.
Robert A. Mellion, Esq. Chief Executive Officer/ President
IN THIS EDITION Corner Office............................................
Page(s) Cover & 3
Page(s) 4, 6, 7, 12, 13, 15 & 17
Chamber in the Community...................
Page(s) 10 & 11
Page(s) 18 & 19
FRMCU Sponsors 2017 Salvation Army Radio Telethon and Red Kettle Kick Off On Wednesday, November 29, 2017, FRMCU, along with WSAR 1480 Radio, Seth Hockert-Lotz of Domino’s Pizza and Carl Garcia of Carl’s Collision, sponsored the 2017 Salvation Army Radio Telethon and Red Kettle Campaign Kick Off from 1:00 PM to 6:00 PM from the Shaw’s Supermarket, located at 4171 North Main Street in Fall River, MA. During the 2:00 PM hour of the radio telethon, the 2017 Elected Officials Belling Ringing Challenge officially began. Representative Carole Fiola, last year’s winner of the challenge and Mayor Jasiel Correia were on hand to get things started.
Both went on the air to encourage other elected officials to join the effort to raise money for Fall River’s Salvation Army. All funds raised during this challenge will benefit the many programs provided by the Salvation Army, which is located at 290 Bedford Street, Fall River, MA. The Radio telethon and Bell Ringing Challenge was a result of FRMCU President and CEO Matthew Schondek enthusiasm for getting the community involved in helping the Salvation Army. Mr. Schondek serves on the Salvation Army Advisory Board. FRMCU understands that serving their members also means serving the community. This is one of the many ways Fall River Municipal Credit Union stands by their credit union philosophy of people helping people.
From left to right; Major David Davis, Curtis Nelson, Salvation Army Advisory Board Chairman, Representative Carole Fiola, May Jasiel Correia II, volunteer Maria Bongiovanni, FRMCU CEO and President Matthew Schondek and Major Shaun Belanger
Would you like to see YOUR business advertised here? For additional information about advertising in this monthly publication please contact the Bristol County Chamber of Commerce at: (508) 676-8226
Mallard Printing is proud to partner with the Bristol County Chamber of Commerce for the printing of this newsletter. 657 quarry street fall river, ma 02723 p 508.675.5733 mallardprinting.com
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Synchronized Skating Team Creates Buzz with First Place Finish at Icicle Invitational Raynham, MA – A new synchronized skating team, the South Shore Stars (FMC Ice Sports), captured a first place finish at the Ice Skating Industry (ISI) Icicle Invitational in Marlboro on Saturday, December 2. Their program, skated to “Orange Colored Sky” by Natalie Cole, is the first the team has performed together since they formed in September, and the win in the Synchro Formation Senior Youth category a great reward for their first major event. A great start to the season, the team is looking forward to participating in ISI World Championships in July, an international competition that, this year, is being held at New England Sports Center in Marlboro. Before that, they
will be competing in several competitions throughout the Winter and Spring including the ISI District 1 Championships in June. “It was a great team building and positive experience towards our Journey to Worlds,” said Gigi Kerrigan, Coach and South Shore Regional Program Director for FMC Ice Sports. Skaters in the first place team performance include Jenna Ouzounian, Vivien Jackson, Gloria Bazinet, Esther Mellion, Bridget O’Neil, Jenna Hauvuy, Elisa Tiberini and Paige Dunton. Additional skaters, who all hail from the South Shore and got started in FMC
Ice Sports Learn to Skate programs, also competed in many individual events. Their participation earned the South Shore Stars skating team numerous points towards their overall team placing. One skater from Fall River, Lander Dayao, who attends Kuss Middle School and is in the Gate Program, competed for the first time in Pre Alpha, winning first place. Several additional skaters also won first including Abigail Liu (Alpha), Savannah Rose (Freestyle 3, Open FS Bronze), Lander Dayao (Pre Alpha), Nicolas Drennon (Solo Comp. Gamma), Grace Gaultier (Pre Alpha), Jenna Hauvuy (Freestyle (continued on page 7)
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(continued from page 6) 2, Artistic FS2), Zeus Jestude (Beta), Julia McLaughlin (Pre Alpha), Bridget O’Neil (Delta) and Jillian Medeiros, who placed first in 5 out of 6 of her performances. The South Shore Stars also fields a Junior Synchro team and Theatre On Ice team to bring skaters of all ages and abilities together in experiences they will remember for a lifetime and develop skills and teamwork that will carry with them throughout their lives. As an FMC-skater-turned-Coach, Kelly Sullivan is excited to be part of building the team and giving skaters on the South Shore more opportunities to compete, improve their abilities and be part of a team. “It was incredible to go to our first competition as a team and take first place. I’m so proud of our skaters and
I’m really excited to keep working with them throughout the season preparing for Worlds,” Sullivan said. The South Shore Stars is based out of the Raynham Iceplex, and is still accepting members. Contact Gigi Kerrigan (firstname.lastname@example.org) or Kelly Sullivan (ksullivan@fmcicesports. com) for information about how to join the South Shore Stars or get involved in Learn to Skate. The Raynham Iceplex is located at 1568 Broadway in Raynham, MA and is an ice skating facility owned and operated by FMC Ice Sports. For more information on this and other upcoming events, please visit the FMC Ice Sports official website, www.fmcicesports.com or call 1-888-74-SKATE.
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About FMC Ice Sports: Facility Management Corporation is an innovative leader of public recreational facility management, specializing in ice arena operations. FMC has been operating community ice arenas since its inception in 1992. The primary focus of the company is the development and expansion of affordable skating opportunities and the extension of the operating season at the ice arenas, providing year-round programming to local skating enthusiasts. For more information, please go to www.fmcicesports. com or call 1-888-74-SKATE.
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Fall River Office 155 North Main Street Phone: 508-673-5808
Taunton Office 53 County Street Phone: 508-823-0073
New Bedford Office 949 Ashley Blvd. Phone: 508-998-2101
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Education News: A Tale of Two Cities cent editorial urging voters to say yes, “But if the proposal is approved, Westport will receive a deal hard to ignore in the form of reimbursement from the Massachusetts School Building Authority.” (December 7, 2017)
By Sally Chapman Cameron It is the best of times. Two municipalities in Bristol County, Fall River and Westport, have amazing best-oftimes chances to build brand-new schools and pay only a fraction of the costs. Fall River and Westport received funding from the Massachusetts School Building Authority, a state agency that distributes funds collected through the state sales tax. One cent from everything we buy goes to this fund, and school districts all over the state compete for this funding. Only 10 percent of the districts applying in any year get accepted, which makes it even more momentous that two districts in our area got the green light. Westport (okay, not a city) and Fall River are on the cusp of receiving a collective investment of more than $150 million to solve problems in their communities. In Westport, they propose a $97 million middle-high school, tearing down and remediating its contaminated and closed middle school. They will replace it with a 21st century educational building to house grades 5 through 12, anticipating the issues ahead with the more than 60-year-old high school. The town’s cost? About $39 million of that. As the Herald News said in a re8
Fall River will replace the problem-plagued Durfee High School with a bright, modern building that will become, in Superintendent Matthew Malone’s words, “the jewel in the crown of this amazing city.” The city is eligible for up to 80 percent reimbursement of the projected $260 million building cost. Sharp pencils are still figuring final costs, but this fact is clear – Fall River’s cost for a new high school is less than the cost of renovating the current Durfee. The ripple effect of building new schools will benefit more than families with children. A new school invests in the community, bringing jobs in the short term as they build the facilities and pride in the long term. Countless examples around the country demonstrate that investing in new schools increases enrollment, academic achievement, and property values. And even more important, it makes the city of Fall River and the town of Westport more desirable places to live and incubators for economic growth and prosperity. One of the primary qualities companies look at when considering setting up shop is the quality of the schools. The schools educate the people who will work for our businesses, and will provide a steady stream of well educated workers who can find good jobs in our communities. There are many places where you can
learn about each project, including www. DurfeeRising.com and the Westport School Building Committee web site at http:// westportsbc.com. The Westport SOS -Save Our Schools Facebook page and the Durfee Rising Facebook page are also great resources. Read about the prudent fiscal decisions that have been made, and why kicking the can down the road is an expensive and foolish option. Those who live in these communities have some skin in the game to make these projects happen. In late winter, Westport (February 27, 2018) and Fall River (likely in March 2018), each school project will go before its community to vote to approve the funding. Voting “no” doesn’t mean these projects are off the table – the state agreed that these were two of 90 percent more that needed doing now. It does mean, however, that some other district gets “our” money. We go to the back of the line for MSBA funding maybe sometime in the future. And any future renovation or construction will be totally on the taxpayers of the town. It is the best of times in our region, where Other Money (from the Massachusetts School Building Authority) will make possible an educational and community hub that will serve each community for decades to come. This is our chance to grasp these opportunities and leap ahead – because our communities are worth this. Sally Chapman Cameron is a member of the Education Committee for the Bristol County Chamber of Commerce.
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Chamber in the Community
Ribbon Cutting Smokiez, Swansea, MA (December 1st, 2017)
BCC Legislators Breakfast (December 7th, 2017)
Ribbon Cutting 110 Grill, Fall River, MA (December 6th, 2017)
Fall River 7th graders visit UMass Dartmoth Campus (November 2017)
Legislative Luncheon with Congressman Joe P Kennedy III (December 4th, 2017) (left-right) Bristol County Chamber of Commerce CEO and President Rob Mellion, Congressman Kennedy, Carl Garcia (Carlâ€™s Collision) Brian LeComte (Gold Medal Bakery) presenting the Congressman with an officials key to the Bristol County Chamber of Commerce
State Representative Alan Silvia, Congressman Joe P Kennedy III & Fall River Fire Chief John Lynch (December 4th, 2017)
Chamber in the Community
The Chamber Elf, Buck, visiting The Childrenâ€™s Museum of Greater Fall River (December 9th, 2017)
Ribbon Cutting 110 Grill, Fall River, MA (December 6th, 2017)
Lawmakers Push for Offshore Wind Project The following is a letter sent to Matthew Beaton, the secretary of energy and environmental affairs, on December 12th by Rep. Patricia Haddad of Somerset and cosigned by Sen. Michael Rodrigues of Westport.
State Rrpresentative Pat Haddad
State Senator Michael Rodrigues
AS THE SECTION 83D Massachusetts Clean Energy RFP selection process is coming to a close, I wish to offer my observations and insight as a primary author of the legislation. This law has given Massachusetts the opportunity to alter our energy future and allow the Commonwealth to continue its leadership on these issues. For over half a century, my community of Somerset had been home to two of the four coal-fired power plants in Massachusetts. Both Brayton Point and 12
Montaup have now closed. At one time, they provided a significant portion of the tax base in Somerset and our community became dependent on the substantial revenues generated by these facilities. Due to the recent closing of Brayton Point, our community must rely on the future development of that site to help offset the lost tax revenue. Because of this need, in late 2014 I hosted a series of stakeholder discussions on the issue of energy, inviting all stakeholders in the process to discuss policies to not only replace much needed tax revenues in Somerset, but also to plan for a clean energy future in Massachusetts. Those discussions led to the Legislature passing a mandate requiring the purchase of 1,200 megawatts of renewable energy and another 1,600 megawatts specifically for offshore wind. Although I did not initially anticipate it, I was excited to learn of Deepwater Wind’s creative decision to submit a bid in the 83D procurement process. Deepwater Wind’s proposal, called Revolution Wind, is for 144 megawatts, with a potential of as high as 288 megawatts. I’ve been told that the Revolution Wind bid, which includes transmissions costs, has been priced extremely competitively. There are a number of reasons I believe it is in the state’s interest to strongly consider the Revolution Wind proposal. Revolution Wind provides power to the South Coast of Massa-
chusetts where the need is the greatest. With the recent closing of Brayton Point and the imminent closing of the Pilgrim Nuclear Power Plant, nearly 2,500 reliable megawatts of energy will no longer be available to the South Coast. Electricity coming from Canada would have to travel through expensive and lengthy transmission lines to reach our area in southeastern Massachusetts. However, the Revolution Wind project is proposed to be built off the South Coast of Massachusetts, just 20 miles offshore, making it a reliable, cost-effective, and home-grown energy resource. The Revolution Wind project will create important economic opportunity for Massachusetts. It will generate over $250 million in positive economic impact in the region, including 700 construction jobs and 60-80 permanent operations and maintenance jobs. If Deepwater Wind’s proposal is chosen to participate in the Section 83D procurement, it will be joined by a second project through the 83C process in 2018. There are significant benefits in having two projects under construction simultaneously. With two developments so closely aligned, there will be far greater opportunities for local firms to compete and participate in the industry thereby decreasing costs for ratepayers through competition and encouraging local investment in places like Somerset. Revolution Wind creates jobs and com (continued on page 13)
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petition in Massachusetts while helping to maintain the Commonwealth’s leadership position in offshore wind. Since the passage of our 2016 landmark energy law, many northeastern states having demonstrated interest in offshore wind. New York has committed to 2,400 megawatts by 2030. New Jersey’s governor-elect Phil Murphy, the former ambassador to Germany who has seen first-hand the re-industrializing of German ports through offshore wind, is pledging 3,500 megawatts by 2030. There is enormous benefit in our state by moving quickly to maintain our nation-leading position and capture as much of the economic development activity as possible in this increasingly competitive environment. Selecting Revolution Wind in the Section 83D procurement signals to the global marketplace that Massachusetts is serious about this industry.
nally, by accepting the Revolution Wind project’s bid in the 83D RFP, we will accelerate the growth of the industry by allowing multiple projects to develop simultaneously.
I thank you for your attention to this important matter and please do not hesitate to contact me should you wish to discuss further.
For all of these reasons, I encourage you to consider Deepwater Wind’s bid for the Revolution Wind project to be a participant in the Massachusetts Clean Energy RFP. Massachusetts has consistently been a pioneer and leader in many innovative and exciting areas and I know offshore wind will be another. SOURCE: National Grid, National Oceanic and Atmospheric Administration
For a fraction of the overall solicitation, the benefits are enormous. Large-scale hydropower and land-based wind farms from the northern reaches of New England and Canada will supply the majority of the renewable energy in this procurement. However, I am not aware of any other bidder in this RFP who will create jobs in Massachusetts. The Revolution Wind project will allow the industry to develop in Massachusetts while employing people here in the Commonwealth. We will see competitively priced offshore wind energy delivered to where we need it the most while stimulating economic development in a region that will certainly benefit, my own community included. Fi
Financial Advice: Setting Personal and Family Wealth Goals turmoil that they don’t want others, including family members, to know. You should never be embarrassed about what you make or the situation you are in. It might surprise people to know how many others are in situations similar to theirs. The worst thing you can do is nothing. Seeking help from a trusted financial advisor can help build your confidence, and most important, show you that you’re not alone on your financial journey.
The desire for more “stuff ” actually can contribute to a financial bind for families. In many cases, a lack of financial priorities leads to overspending, leaving too little money to cover expenses and savings. As a result, many individuals have little choice but to continue working into their retirement years. For many Americans, however, retirement will span decades — and that key thought should be near the forefront of your planning efforts. Start by planning your journey. Everyone should avoid the temptation to plow ahead with no plan, possibly because they think they don’t earn enough to save or because poor decisions have left their finances in such 14 www.bristolcountychamber.org
Smart planning starts with a simple principle: Pay yourself first.
Setting goals is critical to your financial wellbeing, and it starts with introspection and questions. For example, would you love to work into old age or do you want to retire early? Would you like to start a second career or own a business? How will you financially provide for your children’s college education? Is your dream house a near or distant possibility?
Save systematically to take advantage of the potential for compound growth. As a hypothetical example, Sally, age 23, invests $5,500 a year for 10 years in a Traditional IRA. At age 65, her investment will be worth $363,418, based on a hypothetical, consistent return of 5%. By contrast, David starts funding his Traditional IRA at age 40, putting in a total of $143,000 over 26 years until he's 65. Using that same assumed return, his investment will be worth $295,180 — about $68,000 less than Sally has in her account even though she invested $88,000 less.
At the heart of having an investment plan for your future is figuring out exactly what you want to achieve. In determining your investment goals, there are several questions that can help you and your financial advisor develop an appropriate investment plan.
A small amount can be huge here, even if you are saving $10 a week or $50 a month or $200 a month. Doing so may be more reliable than hoping for an inheritance from your parents, who may incur unexpected medical bills or give their money to someone else.
Set goals, ask the right questions, and find someone to help you.
There’s a Finnish quote, “Happiness is the place between too little and too much.” In our culture that’s so driven by having more, no matter what we already have, this can be a smart and helpful bit of advice. For families just starting to plan their financial priorities, budgeting can be a balancing act: paying bills, saving wisely in the event of emergencies, and investing in anticipation of children's college tuition or your own retirement.
Typically when we budget, we budget all of the required obligations that we have — mortgages, car loans, utilities — and then we budget our discretionary spending. And whatever is left over, if anything, is what we save. Re-order your list (and priorities): Pay required household bills and then budget your savings, moving nonessentials to the bottom of the list.
• • •
First, how long can you invest your money? Second, how comfortable are you with up and down movements in the value of your investments? Third, how much ready cash do you need to meet unexpected emergencies or expenses?
Once you’ve answered those questions, you and your financial advisor can begin to weigh the three primary investment goals – growth, income, and stability or protection of principal – to determine how to select specific investments that are appropriate for your investment plan. Move saving up your priority list.
This article was written by/for Wells Fargo Advisors and provided courtesy of Nelson Dias, Financial Advisor in Providence, RI at 401-459-6872. www.wfadvisors.com/ nelson.dias Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/ MAY LOSE VALUE Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. © 2017 Wells Fargo Clearing Services, LLC. All rights reserved.
Southcoast Health Urgent Care Receives Accreditation from Urgent Care Association of America FAIRHAVEN, MA - Southcoast Health recently announced that its Urgent Care centers have received the Accredited Urgent Care designation from the Urgent Care Association of America. With this accreditation, which is the highest level that can be earned by an urgent care center, Southcoast Health demonstrates its unwavering commitment to high-quality care. “The providers and staff at Southcoast Health Urgent Care are dedicated to providing excellent medical care,” said Dr. Pamela Spatz, Medical Director for Southcoast Health Urgent Care. “Urgent care medicine is an emerging field and our partnership with the Urgent Care Associa-
Sick? Click. Better.
tion of America enables us to continue to practice high-quality, up-to-date urgent care medicine.” Southcoast Health currently operates four Urgent Care centers across Southeastern Massachusetts, including Fairhaven, Wareham, Dartmouth and Seekonk. Southcoast Health’s Urgent Care centers provide patients with walk-in, extended-hour medical attention with licensed providers for a large scope of medical conditions. Each facility has met all of the Urgent Care Association of America’s established standards and criteria for quality of patient care, safety and scope of services.
Check-in online now at southcoast.org/urgentcare Seekonk Seekonk Square 39 Commerce Way
Dartmouth Hannoush Plaza 435 State Rd. Rt. 6
Fairhaven 208 Mill Road
Wareham Wareham Crossing 2421 Cranberry Hgwy.
When a medical condition cannot be handled by a patient’s regular doctor – such as unexpected cuts, burns, sprains or fractures that do not require a visit to the emergency department, Southcoast Health Urgent Care centers are equipped with x-ray, laboratory services and licensed providers are always available to perform minor procedures like casting and suturing. “I am so proud to be associated with our team of dedicated, compassionate, care givers,” said Brad Silverman, Executive Director of Southcoast Health Urgent Care. “Frequently, I receive feedback from co-workers and friends telling me about the exceptional customer service and high-quality care they received when visiting one of the Southcoast Health Urgent Care centers. This accreditation helps to validate all of that positive feedback.” Southcoast Health Urgent Care centers are open to the public, treating both adults and children. Walk-ins are welcome, and no appointment is needed. Patients are not required to have a Southcoast Health primary care physician, and the patient’s primary care physician is electronically alerted to the visit in order to achieve the best continuity of care.
If your condition is an emergency, please call 911 or go to the nearest emergency room.
Download the new Southcoast Health app today!
Walk-ins welcome Monday – Friday: 8 a.m. – 8 p.m. Saturday & Sunday: 9 a.m. – 5 p.m.
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Bristol County-Opoly! Please contact Kimberly Coroa Moniz at (508) 676.8226
BayCoast Bank Donates to SMART Therapy Room at Fernandes Center SWANSEA and FALL RIVER, MA – BayCoast Bank is a proud contributor to the new SMART Therapy Room at the Fernandes Center for Children and Families in Fall River. SMART, which stands for Sensory Motor Arousal Regulation Treatment, is an evidence-based model of therapy for children who have experienced trauma. The therapy makes use of sensory-based experiences to enhance a child’s ability to regulate their emotions and behaviors. The new SMART Therapy Room, which was unveiled during the recent 20th anniversary of celebration of the Fernandes Center, is equipped with mats, a trampoline, weighted blanket, wobble board and crash cushions. The variety of equipment, which was
funded through BayCoast Bank’s donation, allows children to experiment and find their own comfort zone; these tools complement a child’s therapy and allow for fuller engagement in their treatment and recovery. “It is a privilege to contribute to a project that can provide such positive reinforcement to children who have experienced trauma,” said Nicholas Christ, President and CEO of BayCoast Bank. “We applaud the Fernandes Center for Children & Families for implementing this treatment.”
Opening of the Youth Trauma Program’s new SMART Room (left-right) Hallie Riggs, MSW, LICSW, and Megan Tavares, MSW, LICSW, of the Youth Trauma Program; Deidre Donaldson, PhD, former director of FCCF and now chief clinical officer, The May Institute; Jennifer Salem-Russo, MSW, LICSW, clinical coordinator of Youth Trauma Program; Julie Gagliardi, vice president of corporate giving and community relations, BayCoast Bank; and Stephanie Sayles, MSW, LICSW, of the Youth Trauma Program.
Dave’s Tire & Auto Service (508) 679-6482
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Would you like to see YOUR business listed here? For additional information on Chamber membership, or to include your business in the Chamber’s Member-to-Member Discount Program, please contact: (508) 676-8226
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