1. Fall River by the
Numbers
3
TA Workshop 4
Fall River’s Finest 4
Inside this issue:
March 2015Volume 4, Issue 3
F A L L R I V E R O F F I C E O F E C O N O M I C D E V E L O P M E N T
Trending Developments
FROED Board of Directors:
Officers
Mayor C. Samuel Sutter,
Chairman/Ex-officio
Frank Marchione, President
James M. Karam, Vice President
Carlos A. DaCunha, Treasurer
Alan F. Macomber, Clerk
At-Large Members
Joseph Baptista
Paul C. Burke
Francisco Cabral
Nicholas M. Christ
Robert Cooper
Mark Cordeiro
Larry Couto
Bruce Fernandes
Alfredo M. Franco
Craig A. Jesiolowski
Stephen R. Karam
Michael Lund
George Matouk, Jr.
Paul S. Medeiros
Joan Menard
Kenneth R. Rezendes
Anthony Riccitelli
Joseph Ruggeiro, Sr.
Ron Rusin
James P. Sabra
Len Sullivan
Ex-Officio Members
Joseph D. Camara
Carl Garcia
Craig A. Jesiolowski
Atty. William G. Kenney
Meg Mayo-Brown
John J. Sbrega
James Wallace
Corporate Counsel
Atty. James W. Clarkin
Non-Voting Members
Robert A. Mellion
FROED Staff:
Kenneth Fiola, Jr., Esq.
Executive Vice President
Janet A. Misturado, Director of
Administration
Louise A. Methot, Financial
Services Representative
Maria R. Doherty, Network
Administrator
Lynn M. Oliveira, Economic
Development Coordinator
Fall River Office of
Economic Development
One Government Center
Fall River, MA 02722
Phone: (508) 324-2620
Fax: (508) 677-2840
http://froed.org
The Amazon project slated
for the Southcoast Life Sci-
ence and Technology Park at
Fall River is moving forward
after a revised Tax Incre-
ment Financing (TIF) Agree-
ment was approved by the
Fall River City Council on
Tuesday, March 10, 2015.
Amazon had initially intend-
ed to locate a small item
sortable facility in Fall Riv-
er; however, after internal
corporate analysis it was de-
cided that the scope of the
project would be altered to
accommodate a large item
facility at the Fall River lo-
cation.
As a result of this change,
the project is now expected
to include a minimum capital
investment of $50 million
and create 500 new, perma-
nent full-time positions. The
site location and size of the
building have not changed.
Amazon is still expected to
construct a 1 million square
foot facility.
(Continued on page 2)
Amazon Project Moving Forward
Looking for a job?
Visit froed.org then select
the “Current Employment
Opportunities” tab. Next
click “Job Search” and
this will launch an
interactive database.
Within this database
alone there are currently
938
employment
opportunities within a 5
mile radius of Fall River.
938 Jobs
Available
Governor Baker Meets with Fall River
Representatives
On Friday, March 6, 2015
Mayor C. Samuel Sutter and
the Fall River Office of Eco-
nomic Development’s Exec-
utive Vice President Kenneth
Fiola, Jr. met with Governor
Charlie Baker and Massa-
chusetts Secretary of Hous-
ing and Economic Develop-
ment Jay Ash to discuss op-
portunities and issues facing
Fall River.
The meeting covered a myri-
ad of topics including the
Amazon project and other
development opportunities at
the Southcoast Life Science
and Technology Park at Fall
River.
The group then discussed the
City Pier project which has
DEP & EPA site assessment,
testing and reporting as well
as PCB remediation com-
pleted to date. The site is to
be developed for a private
sector restaurant and 110-
125 slip marina for perma-
nent and transient dockage.
(Continued on page 2)

2. Page 2
Trending Developments
(Continued from page 1)
The revised TIF Agree-
ment includes a tax ex-
emption schedule that
mirrors the exemption
schedule in the original
agreement and is sched-
uled to commence on July
1, 2017. The fifteen year
exemption schedule is as
follows: FY18-FY21
100% exemption, FY22-
FY24 75% exemption,
FY25-FY28 50% exemp-
tion and FY29-FY32 25%
exemption.
Beginning in FY33, Ama-
zon will have to pay full
tax value for their real and
personal property.
Because the values related
to the tax exemptions are
expressed in terms of per-
centages, the value Ama-
zon will receive from the
TIF will decrease propor-
tionately from the original
(Continued from page 1)
Moving forward the project
needs $7.5 million to strengthen
the City Pier seawalls, add three
feet of fill to site to further sup-
press PCB contamination and
facilitate infrastructure improve-
ments. The Chapter 91 License
Application for this project is
expected to be filed by March
30, 2015.
Additionally, the Route 79 North
project was presented noting the
477,000 s/f of office and retail
space, 649 market rate residential
units, and 1,300 new jobs to be
created by the project.
Mayor Sutter found congruity
with the Governor and a similari-
ty with certain issues affecting
both Fall River and the state as a
whole. Sutter also expressed his
desire to foster a strong relation-
ship with the Governor noting,
“The stronger the partnership
between the mayor’s office and
the governor’s office, it will
clearly be a benefit to Fall River
and I will continue to work on
the relationship.”
Kenneth Fiola, Jr., Executive
Vice President of the Fall River
Office of Economic Develop-
ment found the meeting to be
very beneficial noting, “The
Governor and Secretary Ash
were kind enough to give us
more than an hour of their time
to discuss economic develop-
ment issues that are important to
Fall River.”
Amazon Fulfillment Center
savings projections based
on the change in antici-
pated investment.
The TIF Agreement ap-
proved by the Council is
now slated to be brought
before the Massachusetts
Economic Assistance
Coordinating Council at
their March 24, 2015
meeting for approval.
In addition to the local
tax incentives that have
been negotiated between
Amazon and the City of
Fall River, Amazon is
also seeking tax relief on
the state level through
Investment Tax Credits.
These Investment Tax
Credits are being negoti-
ated directly between
Amazon and the Massa-
chusetts Economic Assis-
tance Coordinating Coun-
cil.
Above: Proposed Amazon Fulfillment Center
Governor Baker
Kenneth Fiola, Jr., Exec-
utive Vice President of
the Fall River Office of
Economic Development
is optimistic that the
Amazon project is mov-
ing forward noting, “We
are very pleased that
Amazon has decided to
continue with the estab-
lishment of a fulfillment
center in Fall River.”
Fiola went on to note,
“To the extent the state
and Amazon can reach
agreement with regard
to incentives, the crea-
tion of 500 new, perma-
nent full-time positions
and hundreds of part-
time and seasonal posi-
tions will act to improve
Fall River’s unemploy-
ment picture.”
The TIF Agreement
with the City holds Am-
azon to a June 30, 2019
date to have at least 80%
of the 500 new, perma-
nent full-time jobs in
place as well as the min-
imum $50 million in-
vestment made. Howev-
er, despite these contract
dates, it is expected that
the facility will be oper-
ational by late sum-
early fall of 2016.

3. Page 3
Trending Developments
Fall River by the Numbers…
First Ancestry Reported
*Source: American Community Survey
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
New Bedford, MA
First Ancestry Reported
Total Population:
94,927
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Fall River, MA
First Ancestry Reported
Total Population:
88,811

4. One Government Center
Fall River, MA 02722-7700
Phone: 508-324-2620
Fax: 508-677-2840
E-mail: info@froed.org
Mission statement of the Fall River Office of Economic Development:
Incorporated in 1978 as a 501(c)(4) corporation to promote the prosperity
and general welfare of the citizens of Fall River through the stimulation of
economic strength and expansion of new and existing business.
Keeping Fall River working in Fall River.
F A L L R I V E R O F F I C E O F E C O N O M I C D E V E L O P M E N T
For more information please
visit our website:
www.froed.org
Page 4
On Wednesday, March
18, 2015 the Fall River
Office of Economic De-
velopment will sponsor a
technical assistance work-
shop focused on social
networks.
There are so many social
networks and so little
time! This workshop will
cover the basics of both
personal and business
accounts, highlighting the
difference and how to
best optimize the ac-
counts.
We will look at LinkedIn,
Facebook, Twitter,
YouTube, Instagram, Pin-
terest and Google+.
Join Tricia White, a local
Social Media expert, for
this fast paced and com-
prehensive overview of
social networks.
This FREE event will be
held on Wednesday,
March 18, 2015 from
4:00 p.m. to 6:30 p.m. at
the Cherry & Webb
Building, 139 South Main
Street, 4th floor, Fall Riv-
er, MA and is sponsored
by the Fall River Office
of Economic Develop-
ment.
Space is limited, so please
register on line at
www.msbdc.org/semass
and click on event calen-
dar or call us at 508-673-
9783 x10.
Funded in part through a coop-
erative agreement with the U.
S. Small Business Administra-
tion.
Frank Allen Wilcox was born
in 1869 to Benjamin Wilcox
and Lydia Howland Allen
Wilcox. Wilcox attended
local Fall River Schools in-
cluding BMC Durfee High
School before enrolling in
the US Military Academy at
West Point. Wilcox was the
first person from the Fall
River area to graduate from
the Academy.
Wilcox was a career military
man. After graduating West
Point, he was commissioned
as a first lieutenant and was
stationed in Cuba during the
Spanish-American War.
During his Philippine tour of
duty he was promoted to the
rank of major. Upon return
to the U.S. Wilcox was
named second in command at
West Point.
In 1914 the US entered
World War I and Wilcox was
promoted to lieutenant colo-
nel and sent to France to
Social Network Basics for Business
serve with General “Black
Jack” Pershing. Wilcox was
then quickly promoted to full
colonel in Pershing’s staff.
Wilcox had previously
served with Pershing and
George S. Patton as they
pursued Pancho Villa in
Mexico.
In 1918 Wilcox died in
France of virulent pneumo-
nia at the age of forty-nine.
Wilcox is buried in Oak
Grove Cemetery.
Until the turn of the century,
local veterans gathered peri-
odically at the American Le-
gion Frank Allen Wilcox
Post 126 on Bedford Street
in Fall River. In 1934, a
monument was dedicated in
his honor on Plymouth Ave-
nue.
(Source: “Cream of the Crop—Fall
River’s Best and Brightest” by
John B. Cummings Jr.)(Article contributed by MSBDC)
Fall River’s Finest:
Frank Allen Wilcox