BRIST L COUNTY BUSINESS NEWS The Official Publication of the Bristol County Chamber of Commerce, Inc.
March 2018 Edition
The Voice of Business Since 1911 www.bristolcountychamber.org
Welcome New Chamber Members Qdoba Mexican Eats Presents:
A Legislative Dinner with
Massachusetts Governor Charlie Baker
Studio Life Art & Performing Art AFLAC/Simmons Insurance Group, Inc. Couto Construction
Tuesday, April 10th 2018
White’s of Westport 66 State Road Westport, MA Cocktails/Registration at 5pm Dinner at 6 pm Program to begin at 6:45 pm
Chamber Members $65 per person
Non Chamber Members
BRIST L COUNTY
HOME & GARDEN SHOW Saturday, March 10th at Diman Regional Voc-Tech
Spring is just a few weeks away. Get inspired at the 2018 Bristol County Home & Garden Show
$75 per person
Saturday, March 10th, 2018
Corporate Table Sponsors
9:00 a.m. - 4:00 p.m.
Includes full page (BW) ad in program • Logo on table • Preferred table placement
Diman Regional Vocational Technical High School 251 Stonehaven Road Fall River, MA 02721
Program Book: Half Page Ad (BW): $200.00 • Full Page Ad (BW): $300.00 For more information, or to register, please call (508) 676.8226
Bristol County Business News PUBLISHER Kimberly Coroa Moniz, Interim Director MANAGING EDITOR Jennifer Lourenco, Communications Manager ADVERTISING MANAGER Kimberly Coroa Moniz, Interim Director 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: firstname.lastname@example.org
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 Interim Director: Kimberly Coroa Moniz 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: Kimberly Coroa Moniz, Interim Director Brianna Rebelo, Manager of Operations & Finance Joe Trilling, Manager of Membership Development 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
IN THIS EDITION Business News Page(s) 4, 6, & 9
MARCH 2018 CALENDAR All meetings are held at the Chamber unless otherwise noted
Education News Page(s) 7, 8, 12 & 13
3/7 WED................................................................................Business After Hours Sponsored by: Radio Voz do Emigrante Location: TA Restaurant 408 South Main Street Fall River, MA 5 p.m. - 7 p.m.
Chamber in the Community Page(s) 10 & 11
3/9 FRI..................................................................Education Committee Meeting 11:30 a.m.
Financial News Page(s) 14
3/10 SAT......................................................Bristol County Home & Garden Show Diman Regional Vocational Technical High School 251 Stonehaven Road Fall River, MA 9 a.m. - 4 p.m.
Member Discounts Page(s) 18 & 19
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
3/16 FRI.....................................................................Government Affairs Meeting Location: Gold Medal Bakery 21 Penn Street Fall River, MA 8 a.m. 3/22 THURS..........The State of Business with Fall River Mayor Jasiel Correia II Location: McGovernâ€™s 310 Shove Street Fall River, MA Registration & Breakfast at 8 a.m. Program begins at 8:30 a.m. 3/26 MON..............................................................Executive Committee Meeting 12 p.m. 3/28 WED........................................................................................Board Meeting 11:45 a.m. 3/28 WED.............................................................................Business After Hours Sponsored by: Spindle City Auto Glass Location: Tipsy Toboggan 75 Ferry Street Fall River, MA 5 p.m. - 7 p.m.
Fall River Municipal Credit Union Welcomes New Mortgage Originator Matthew Schondek, President and Chief Executive Officer of Fall River Municipal Credit Union, is pleased to announce the hiring of Mr. Rico Conforti. Mr. Rico Conforti, NMLS ID #551984, of Fall River, Massachusetts, has joined Fall River Municipal Credit Union as a Mortgage Originator. Rico comes to FRMCU with 8 years of realtor and 22 years of mortgage experience. Old school lending with a modern twist, Rico has closed over a half a billion dollars in mortgages. His expertise will help those, looking to buy a new home or looking to refinance an existing loan, choose a mortgage product that is right for them. FRMCU is excited to have Rico on their
team. He will be focused on finding the right mortgage that will meet the individual needs of the community. With a variety of mortgages; Fixed or Adjustable Rate Mortgages, Construction Mortgages, Fixed Rate 1-4 Unit Non Owner Occupied Investment and 3-8 Unit Non Owner Occupied Investment Mortgages as well as True Portfolio Loans, Rico will put you in a mortgage that is the perfect fit for you.
# 410816. All loans are subject to FRMCUâ€™s normal credit requirements and to credit underwriting and approval.
With the new addition of Rico to the FRMCU team, he is one of the many ways FRMCU stays focused on you and your financial needs. Fall River Municipal Credit is federally insured by the National Credit Union Administration, is a member of MSIC, and is an Equal Opportunity Lender, NMLS ID
Mr. Rico Conforti NMLS ID #551984
"Representing Fine Companies Such as"
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
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
For all your
Senate Passes 2018 Capital Facilities Bond Bill ments for Battleship Cove
BOSTON – On February 9th 2018, the Senate passed a DCAMM bonding bill (S2279) authorizing $3.65 billion in bonds for repairs and improvements of capital facilities across the Commonwealth. The bill included five amendments filed by Senator Michael Rodrigues, reflecting the priorities of the 1st Bristol and Plymouth District.
“Fall River will see tremendous benefits from these funds and the projects they will provide,” states Mayor Jasiel F. Correia II. “Investments in our State Pier, and parking in our Downtown and Waterfront Districts are desperately needed to support our economic growth. We are grateful that the State continues to be a strong partner with our local efforts.”
“I’m pleased we were able to secure funding in the DCAMM Bond Bill to invest in infrastructure and capital improvements in the SouthCoast,” said Senator Michael J. Rodrigues (D-Westport). “These projects will spur economic growth, and promote development in the region.”
“This appropriation couldn’t have come at a more opportune time as the communities of Swansea and Somerset look forward to the possibility of extending sewer infrastructure from Somerset into Swansea,” said Christopher Carreiro, Chairman of Swansea’s Board of Selectmen. “I appreciate Senator Rodrigues’s steadfast effort in helping to advance the community of Swansea’s interest in promoting economic development.”
The bill includes $6M for infrastructure and capital improvements to Somerset’s waste water treatment system facility, $4M for the construction of parking garages in the downtown and waterfront areas of Fall River, $1M for infrastructure upgrades to the former Lakeville State Hospital site, and $1M for infrastructure upgrades along Route 6 in Swansea. The bill also allocates $2M capital improvements and infrastructure upgrades to the Fall River state pier, including capital improve-
“Somerset recognizes that it will be spending significant amounts of money to upgrade its wastewater facility. These upgrades come at a time of reduced demand due to the closing of the Brayton Point
Power Plant. The $6 million requested will provide substantial funding to this project and provide needed relief to the town of Somerset and our rate payers,” said Somerset Town Administrator Richard Brown. The bill also increases previous spending authorizations for University of Massachusetts, state universities and community colleges campus facilities. In addition, the bill increases several project control and supervision, design and construction thresholds for the Division of Capital Asset Management and Maintenance, to keep pace with current costs of construction in Massachusetts. The bill will now be reconciled with a version passed by the House of Representatives.
195 Broadway, Fall River, MA
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Important Facts About the New Durfee High School Project approved for a state funding match from the MSBA to build a new Durfee. That means the state will invest $163.5 million in our city to create a 21st century learning space. The City’s share is $98.5 million. We get this new high school for $98.5 million! The voters of Fall River will be asked to vote on the city’s share this spring. Why not just renovate the current building? Why is the city of Fall River planning to build a new high school? The current Durfee High School opened in 1978 and has been plagued by structural problems since then. Faulty construction, structural missteps, and a design that does not support 21st century education add up to a high school that does not provide the city with the education our students deserve. The current building is well-maintained, but nearly impossible to keep secure. The structural and design issues, including the roof, HVAC, clouded and non-operational windows, and the inefficient design for classrooms suck money out of more important projects, such as classroom enhancement. There is real concern that the building’s shortcomings could affect its next accreditation process if not remediated, and with generous state funding and escalating construction costs this is the right time to do this. What do you mean by “keep secure”? The building has no sprinklers or fire suppression system. Considering that it houses 2,500 citizens every day, that is not acceptable in this day. There are 48 doors that open to the outside, making it impossible to
supervise anyone who wants to get in to do harm. The winding hallways and nooks and crannies make it easy for someone to hide. In these times, we owe our residents a place that is safe and secure. Where will the new high school be located? The new building will be built on the current Durfee campus along Elsbree Street. All athletic fields, the fieldhouse, and the auditorium will remain. The plan allows for significant upgrades to the fieldhouse. What will it cost? The final project design is expected to be approved on February 14 by the Massachusetts School Building Authority (MSBA) Board of Directors for a reimbursement of $163.5 million on a $263.5 million high school. How can the city afford it? The good news is that Fall River will be approved on February 14 for a 62.5 percent match in state dollars, much more than most of the other schools that were approved. We were one of 10 percent of applicants (132 in our “class”) in the Commonwealth
This was thoroughly explored during the early phases of this process. Renovating the current building would cost more than the city’s share to build. Renovating would also trigger requirements to bring the building up to current code, which would further ratchet up the cost. The cost to renovate four years ago was projected at $115 million and the state declined to pay for it. Conservative estimates for what it would cost in today’s dollars is more than $147 million. For the less cost to the City, we can get a new school. But state money is still taxpayer money. Doesn’t it cost us one way or another? The funds under the MSBA are collected through one cent of the state sales tax. Every purchase we and everyone in the state make contributes to this fund. If we don’t use it for this project, the city’s award will go back into the MSBA and given to another community. How will the city’s share affect our property taxes? The city will fund $40 million of our share through the general tax levy. The city proposes a debt exclusion of $58.5 million, the (continued on page 8)
high school. (Other schools who have voted no have had to go back to the beginning and get in the MSBA queue again. Because there is not enough money to go around, districts have waited for many years to get back into the pipeline, if they ever do get back in.)
tee have made planning for a new Durfee High School a transparent, public process that to invest state funds that will benefit the city and our children for generations to come. Find out more at DurfeeRising.com, and follow the project on Facebook and Twitter at DurfeeRising.
The Massachusetts School Building Authority requires cities and towns to consider the best location for the new building. The School Building Committee publicly investigated several sites in the city, and in public meetings outlined why the Elsbree Street site is the most efficient and cost-effective place to build. There is not enough open land in the city to build a facility the size needed. The current athletic fields can be maintained. The new building design marries the historic first Durfee High School on Rock Street with modern, sustainable architecture that can be seen from the street.
2. We continue to put money into BandAids to patch HVHC, the roof, the leaks.
Send in your questions at any of these online resources.
3. NO does not equal NO COST. The facility needs to be repaired and renovated without state resources and completely on the backs of the taxpayers. A renovation will not solve the many outside doors or the winding structure, and it won’t accommodate modern education practices.
How can you help?
4. We could jeopardize the high school’s accreditation status at the next evaluation because of the difficulties found in the facility.
• Ask questions, give input on social media and online.
What happens if we vote no?
Any other questions you have?
1. We lose the state investment in the new
The City and the School Building Commit-
(continued from page 7)
rest of our share, which will go to ballot on March 6. For an average Fall River property assessed at $212,00 it will be $115 a year. Why was the decision made to build at the current site?
• Speak with your City Councilors, neighbors, and friends about why you think this is a worthy project. • Sign up for DurfeeRising on social media.
• Write letters to the editor about why you support this project. • VOTE! Special ballot is Tuesday, March 6, 2018.
Dave’s Tire & Auto Service (508) 679-6482
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Southcoast Health’s Charlton Memorial Hospital and St. Luke’s Hospital Recognized for Higher Quality in Maternity Care
FALL RIVER and NEW BEDFORD, Mass. — Southcoast Health announced today that Blue Cross and Blue Shield of Massachusetts has recognized both Charlton Memorial Hospital and St. Luke’s Hospital with a Blue Distinction Center for Maternity Care designation as part of the Blue Distinction Specialty Care program. Blue Distinction Centers are nationally designated hospitals that show expertise in delivering improved patient safety and better health outcomes, based on objective measures that were developed with input from the medical community. “We are very proud of the care our providers give our patients and thankful for this recognition,” said Dr. Michael Pepi, Chief of Obstetrics & Gynecology at Southcoast Health. Nearly four million babies are born in the U.S. annually, making childbirth the most common cause of hospitalization, and cesarean sections the most common operating room procedures, according to National Centers for Health Statistics and the Agency
for Health Care Research & Quality (AHRQ). Reducing early elective delivery is an area of focus for the American College of Obstetricians and Gynecologists (ACOG) and the American Academy of Pediatrics (AAP). According to Health Affairs, elective inductions result in more cesarean deliveries and a longer maternal hospitalization. The Blue Distinction Centers for Maternity Care program evaluates hospitals on quality measures for vaginal and cesarean delivery. Blue Cross and Blue Shield (BCBS) companies across the nation have recognized more than 1,000 hospitals as Blue Distinction Centers for Maternity Care. Hospitals recognized with this designation are assessed using a combination of quality information supplied by hospitals and cost measures derived from BCBS companies’ medical claims. Since 2006, the Blue Distinction Specialty Care program has helped patients find quality
specialty care in the areas of bariatric surgery, cancer care, cardiac care, maternity care, knee and hip replacements, spine surgery and transplants, while encouraging health care professionals to improve the care they deliver. Research shows that, compared to other hospitals, those designated as Blue Distinction Centers demonstrate better quality and improved outcomes for patients. For more information about the program and for a complete listing of the designated facilities, please visit www. bcbs.com/bluedistinction.
Chamber in the Community
Dedication of the new Saint Therese Patient Unit at St. Anne’s Hospital State Representative Alan Silvia, Jim Karam, Fall River Mayor Jasiel Correia II, St. Anne’s Hospital President Michael Bushell, State Senator Michael Rodrigues & State Representative Carole Fiola (February 9th, 2018)
Dedication of the new Saint Therese Patient Unit at St. Anne’s Hospital Bishop Edgar da Cunha, State Senator Michael Rodrigues, State Representative Carole Fiola St. Anne’s Hospital President Michael Bushell, & Fall River Mayor Jasiel Correia II (February 9th, 2018)
10 Year Celebration & Grand Opening of Baker Sign Works new location at 75 Ferry Street in Fall River, Ma. (Owner Linda Baker & State Representative Carole Fiola) (February 1st, 2018)
Qdoba Business After Hours (February 22nd, 2018)
Congressman Joe Kennedy delivers Democratic Response to State of the Union Address Diman Regional Vocational Technical High School Fall River, MA (January 30th, 2018) (Photo Courtesy State Representative Alan Silvia)
Qdoba Business After Hours Qdoba District Manager Jeff Badger, 110 Grill Manager Dan Rezendes & Qdoba Manager Jason Furtado
Chamber in the Community
Democratic Response to State of the Union Address Diman Regional Vocational Technical High School Fall River, MA (January 30th, 2018) (Fall River Mayor Jasiel Correia II, State Representative Pat Haddad & State Representative Alan Silvia) (Photo Courtesy State Representative Alan Silvia)
Qdoba Employees Business After Hours (February 22nd, 2018) (Photo Courtesy of Lisa Anne Photography)
Education News: College is for Everyone of good-paying jobs that require a high school education are drying up. In fact, it is estimated that by 2020 72% of all Massachusetts jobs will require more than a high school diploma. So, the reality is that most of us will need to have a college education to fill the jobs that are available tomorrow.
By Laura Douglas Is it worth the significant time and effort to go to college? Is college possible for you? Do you need it? Yes and yes and yes, no matter where you are in your life. There are a lot of myths out there about college, and you may believe that you are not “college material,” or that you don’t need it, you can’t afford it, you have never been a “student,” you’re no longer a “kid” ….and a whole list of things that make you believe it’s not for you. But it can be. Let’s discuss some of these myths, and I want to help you think about how to bust those myths and gain all the benefits of college. Whether you are a high school student considering your next step after graduation, a parent who stayed home to raise your kids, a laidoff worker who can’t find a job that pays what you were making, in Massachusetts you can find a way to make it work. You see, in this Massachusetts knowledge-based economy, state’s leaders realize that we need more people with post-secondary education. The number 12
It makes financial sense to earn a degree as well. Degree-holders earn nearly double what workers who have not attended college earn. In the U.S., the average salary for a high school graduate is $36,489. But for a college graduate with an associate degree the average yearly salary is $46,003, and for graduates with a bachelor’s the average yearly salary is $67,623. In Massachusetts, average salaries for those with associate and bachelor’s degrees are even higher. Yes, but let’s face it – college is expensive. But what you might not know is that the tuition a college publishes is not typically what students pay. There are many programs available to provide financial aid for students – whether you are the traditional-aged college student, the part-time student, the full-time student, for the older student – you can get money to pay for college. How can that be? Well, if you are a good student, there are merit scholarships that reward good grades. But if your history is less strong, you can still get grants to attend college. You don’t have to pay them back. Certainly, we hear a lot in the news about students graduating with a lot of debt. But with
smart planning, you could graduate with less debt and get a significant return on your investment. Every student, regardless of family income, should complete the Free Application for Federal Student Aid, better known as FAFSA. At Bristol Community College, many of our students who think that they are not eligible for financial aid learn that they are indeed eligible. By completing this form, a student can determine their eligibility for student financial aid. Both full- and part-time students may be eligible for financial aid. The FAFSA is also used to award state grants and college scholarships. Local colleges such as Bristol Community College can help you fill out the form. A significant percentage of Massachusetts community college students are awarded student aid. For example, first-time, full-time BCC students who the FAFSA says have a zero contribution got an average of $3,032-$3,510 last fall. Tuition and fees for a full-time student is $2,317 at BCC. This provides help with books and living expenses. In addition to federal and state aid, many colleges provide scholarships based on academic merit, financial need, and/or for playing sports. Another smart strategy is choosing for value. The state has amazing public institutions of higher education that provide students with great quality at a more affordable price. For example, (continued on page 13)
(continued from page 12) the cost to attend BCC for one year, including tuition and fees, is $4,464 before financial aid or scholarships. If you do have out of pocket costs, the college provides a tuition payment plan so costs do not have to be paid in one lump sum.
College is not just for “kids.” If you are a more seasoned student, you will find many peers who are making a start on their education too. Most colleges make it easier to plan your life around college classes, with day, evening, weekend, and online courses. It can be done.
04 03 18
And there is more to a college education than just better wages. Those with a college education are least likely to lose their job in a recession. They enjoy more financial stability to support a family and achieve their financial dreams—such as home ownership, regular vacations, and a desirable retirement lifestyle. Couples with college education are less likely to divorce. And those with higher education experience better health—something so important to our ability to enjoy and experience life fully. A college education is a growing necessity. It is within your reach. The sooner you complete your degree the sooner you can experience the quality of life that comes with it. Laura Douglas is President of Bristol Community College and a member of the Bristol County Chamber of Commerce Education Committee
Vocational Technical High School
8 AnnualVocational Job Fair th
Welcome, you are invited to attend the 8th Annual Diman Co-Op Job Fair! Last year’s event was a tremendous success thanks to employers like yourselves! This event is free to all companies wishing to participate in this event. We strongly encourage your organization to participate in this wonderful experience. Please contact Mr. Kevin Lazaro, Director of Cooperative Education via email at email@example.com with questions.
Tuesday, April 3, 2018 10 am – 2 pm
251 Stonehaven Road | Fall River, MA 02720
Financial Advice: Four Things to Know About Risk
1. Risk has many faces. Usually when people talk about risk, they’re referring to investment risk: You purchase a stock at $50 a share, for example, and a year later it’s worth only $25. Investment risk is relatively easy to understand, and it’s measureable based on the ups and downs in an investment’s price. The more volatile it’s been, the more risky the investment is considered to be. Unfortunately, investment risk is only one investors face. There are plenty of others that aren’t so easy to understand or measure. For example, there’s: Market risk. While investment risk has to do with a specific investment, there’s also the risk that the entire market will decline – remember what happened to stocks during the Great Recession – and pull your investment down with it. That’s market risk. Inflation risk. Inflation is the overall increase in prices in an economy. It creates the risk that an investment’s return won’t be enough to overcome its impact. For example, inflation runs 2% a year and your investment returns only 1%. That means you have lost “purchasing power.” As a result, even with your returns, it would buy less at the end of the year than at the beginning. Opportunity risk. Some investors believe you can avoid risk by investing conservatively. However, there’s opportunity risk, which is the possibility of missing out on the chance to earn better returns by being more aggressive. This is just a small sampling. There are other 14 www.bristolcountychamber.org
risks, including some specific to certain types of investments. For example, bond investors face default risk – the risk the issuer will fail to make interest payments or repay the bond’s par value at maturity. 2. It’s usually linked with return. Possibly the most important thing to understand about risk is its relationship with return. The two generally go hand-in-hand: •
If you put money into a low-risk investment, you should probably expect lower returns.
If you choose a higher-risk investment, you possibly could anticipate better returns.
Of course, things don’t always work out that way. When you put money into a high-risk investment, you may not get better returns. In fact, you could end up losing your entire investment. But many investors continue to include riskier investments in their portfolios, often for higher return potential.
In general, as an investment’s return potential increases, so does its risk.
Whether you’re already investing or are just thinking about it, you should understand risk and the role it plays in a portfolio. And although it may seem simple enough on the surface, risk can be one of the most difficult concepts to grasp – especially for new investors. To help clear things up, here are four things you should know:
3. You should determine your tolerance. Your risk tolerance is simply how much risk you can comfortably live with in your portfolio. It sounds simple enough, but determining your risk tolerance can be challenging. There are tools, like questionnaires, available to assist you. In addition, one indicator that you’ve exceeded your risk tolerance is when you find your investments’ performance is keeping you awake at
night – especially when there’s market volatility. You may have a relatively low risk tolerance, and that’s OK. However, staying within it and having a reasonable chance of reaching your goals may mean you need to adjust your objectives (having, say, $750,000 at retirement instead of $1 million). You may also need to lengthen your time horizon, which is how long you have until you need to tap into your investments. For example, you may decide you need to work until 68 instead of 65 so you have longer to invest. 4. Help is available. Because risk is complicated, and it’s only one aspect of investing, you may need a professional financial advisor to help with building your portfolio. Look for one who will take the time to get to know you, including your risk tolerance, before recommending an investment plan. This article was written by/for Wells Fargo Advisors and provided courtesy of Nelson Dias, Financial Advisor in Providence, RI at 401-4596872. 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. © 2018 Wells Fargo Clearing Services, LLC. All rights reserved.
“BAYCOAST BANK IS A TRUE LIFELINE FOR MY BUSINESS.”
Carol Mansfield, Owner South Coast Emergency Medical and STAT Ambulance, Dartmouth, MA
Getting to know you and your business is very important to the commercial banking officers at BayCoast Bank. We offer loans for purchase or refinance that will help make the typically complex commercial real estate purchase as effortless as possible. Just ask Carol.
JUST RIGHT® COMMERCIAL LOANS To learn how we can help you achieve your goals, visit BayCoastBank.com or call 508-678-7641.
Member FDIC Member DIF
All loans subject to approval.
State of Business 2018
with guest speaker
Fall River Mayor Jasiel Correia II THURSDAY MARCH 22ND, 2018 McGovernâ€™s 310 Shove Street Fall River, MA 02724 BREAKFAST/REGISTRATION AT 8 AM PROGRAM TO BEGIN AT 8:30 AM
For additional information please contact (508) 676.8226
Space Available at 139 South Main Street, Fall River MA 40,000 SF Subdividable Space Available: • Office • Classroom • Retail • Commercial • Medical • Artist Work Space/ Studio • Fitness/Yoga Studio
• Easy highway access • Located between 2 parking garages
For additional information please contact Lynn Oliveira at firstname.lastname@example.org or (508) 324.2620
• Cafe & Coffee Shops • Restaurants • Convenience Stores • Retail • Fall River Justice Center • Fall River Government Center • Post Office • Bus Terminal
Your business success is our personal commitment.
Our Fall River commercial lending team is ready to help your business grow. As the #1 small business lender in Bristol County* and an SBA Preferred Lender, we're known for great personal service, prompt, local decision-making and custom banking solutions. To discuss your financing needs, call 508-993-3472 or visit one of our branch locations. L-R: Roger Cabral, VP Commercial Lending; Joan Medeiros, VP Commercial Lending; Pete Selley, SVP Commercial Lending; Len Sullivan, First EVP & Sr. Loan Officer; Rich Farmer, VP Commercial Lending; & Michael Patacao, VP Commercial Lending.
Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF).
*Based on total loan originations as reported in the 2015 aggregate small business loan data to the Federal Reserve under the Community Reinvestment Act.
MEMBER TO MEMBER DISCOUNTS MAKE SHOPPING LOCALLY EASY! 3RD EYE PHOTOGRAPHY 10% Off & Free Initial Consultation (508) 212.9052 ACCURATE SERVICE, INC 10% Off Storage (508) 674.5773 APPLEBEE’S FALL RIVER 10% Off, Food Only (508) 675.1110 AT YOUR SERVICE 10% Off (508) 677.6700 BAKER SIGN WORKS 10 % Off, $500+ (508) 674.6600 BARRETT’S ALEHOUSE One 1/2 price app with any purchase (up to $5 value) (508) 674.3600 BATTLESHIP COVE 20% Off (508) 678.1100 BK’S TAVERN 15% Off, Food Only (508) 675.5044 BLOUNT CLAM SHACK & COMPANY STORE 10% Off (774) 888.0050 BOYS & GIRLS CLUB 15% Off Senior Membership (508) 672.6340 CAMARA’S HEATING & AIR CONDITIONING 10% Off (508) 636.8325
CENTER FOR SIGHT $50 OFF Pair of Eyeglasses $500.00 OFF Lasik (508) 730.2020 CHILDREN’S MUSEUM OF GREATER FALL RIVER 10% Off Admission (508) 672.0033 COMFORT INN & SUITES 10% Off Room Rates (508) 672.0011 CORPORATE IMAGE APPAREL INC. 10% Off (508) 676.3099 DAVE’S TIRE PRO’S 10% Off Parts with Repairs 10% Off Tires (508) 679.6482
FINANCIAL PLANNING ALTERNATIVES Complimentary 1 hr initial consultation & $250 Off Comprehensive Financial Plan (508) 636.6521 1125 State Road Westport, MA GASPAR’S LANDSCAPING 10% Off (508) 677.3502 GENERAL FITNESS 20% Off All Memberships (508) 677.4933 GOT SUN GO SOLAR $500 Off (774) 229.2986 INDOFF/DARTMOUTH 10% Off (508) 971.4141
D.E. RODRIGUES & CO. Free Initial Consultation (508) 679.6079
INTERACTIVE PALETTE 5% Off Website Packages (781) 930.3199
DELKEN DRY CLEANING 10% Off (508) 679.0999
JERRY REMY’S BAR & GRILL 10% Off, Food Only (774) 365.6905
DOTTIE LEBEAU FOOD SAFETY CONSULTANT 10% Off First Inspection (401) 385.9040
JEWELS DAY SPA MEDICAL AESTHETICS 10% OFF (508) 672.1316
E2SOL LLC 10% Off (401) 489.2273
LAZER GATE 10% Off (508) 730.1230
EMPIRE HYUNDAI, INC. 10% Off Parts & Labor 15% Off All Accessories Purchased at Parts Counter/Service Desk (508) 673.7646
MALLARD PRINTING 10% Discount (508) 675.5733 MEGANET COMMUNICATIONS 10% Off, One Month Free (508) 646.0030
SHOPPING LOCALLY REALLY DOES MAKE A DIFFERENCE! MF DEVINE AND SONS SEPTIC SERVICE 10% Off (508) 904.7847 devineseptic.com NETWORK CLEANING SERVICE, INC. 10% Off (401) 439.1383 NEXT MONITORING, INC. 1 Month Free (508) 379.6315 O’BRIEN PLUMBING & HEATING, CO. 10% Off (508) 679.3368 PATTI’S PIEROGIES 10% Off, International Platter (508) 679.4001 PAWTUCKET RED SOX Buy 25 Flex Tickets & Save $25.00 (401) 724.7300
SALON ELEGANCE & SPA 10% Off any Spa Service/$20 Off First Facial (508) 642-9178
THINKTECH COMPUTER Free 27- Point Network Audit (508) 992.2541
SECURED STAFFING We Will Beat Competitor’s Pricing (508) 567.5083
TIPSY TOBOGGAN 10% Discount (508) 944.3728
SENIOR FUNDING GROUP $500 Off Reverse Mortgage Closing Costs (508) 646.4351 Contact: Mike Kennedy
TRANSANALYSIS, INC. First Month Free (508) 646.1000
SMOKIEZ, INC 10% Off (excludes cigarettes) (508) 672.1111 103 Swansea Mall Drive SOMERSET CHRYSLER DODGE JEEP 10% Off Parts and Labor (508) 675.1106 SOMERSET DECORATING 10% Off (508) 674.8596
PAYROLL EXPRESS We Will Beat Competitor Pricing (508) 679.1858
STRIVE GYMNASTICS & FITNESS, LLC 10% Off (508) 567.3830
PERFORMANCE AUTO CENTER 10% Off (508) 675.4777
SULLIVAN TIRE & AUTO Full Service Regular Oil Change $19.95 (508) 674.4068
PURE HEADSPA 20% Off First-Time Client (774) 526.7293
SPINDLE CITY AUTO GLASS 10% Off Any Service (May not be combined with other offers) (508) 677.3063
RADIO VOZ DO EMIGRANTE 15% Off (508) 678.9727 REMAX, DAWN RUSIN $500 Off Closing Costs or a Complimentary Moving Van (508) 677.3629
TOWN CAR TRAVEL LIMOUSINE 10% Off (508) 379.9088
UPLAND ARCHITECTS 10% Off Services (774) 430.3390 FUN 107/ WBSM 25% Off Advertising for New Clients Townsquare Media (508) 999.6690 WICKED KICKIN CHEESECAKES 10 % Off (774) 309.3133 WSAR 1480 AM 25% Off Advertising for New Clients Only (508) 678.9727
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
PRSRT STD U.S. Postage PAID Permit No. 46 Fall River, MA
Bristol County Chamber of Commerce 200 Pocasset Street, Fall River, MA 02721-1585 (508) 676.8226 www.bristolcountychamber.org
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2018 Gold Sponsors
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