Jacob Greenberg, Banner Correspondent
PROVINCETOWN It takes two to three years for an oyster seed to mature into a full-grown, edible oyster about the same amount of time it can take a new business to show a profit.
Aquaculturist Michael Chute hasn’t yet figured out a way to get his product from tide to table any faster, but he did get a leg up on the business side of things when his company SilvaChuters, based in Provincetown, won $1,000 in a local “pitch contest.” Think Shark Tank .but on a fishbowl scale.
“One of the opportunities that we see is aqua tourism,” Chute told the five judges in his two-minute pitch. “We’re right now a small one- and two-acre grant out on the tidal flats west of the breakwater.
Cape Cod property owners could see huge flood insurance price hike with Risk Rating 2.0
Cape Cod Times (Hyannis, MA)
Feb. 25 YARMOUTH Coastal property owners are accustomed to getting a jolt from nature. Nor easters, the occasional hurricane, even unexpectedly big tides can mean expensive repairs or replacement of an entire structure.
In recent years, changes to the insurance policies that cover those damages led to additional sticker shock with the threat of skyrocketing rate increases.
In 2013, it was the redrawing of
Federal Emergency Management Agency flood plain maps, used to calculate risk and determine premiums for the National Flood Insurance Program, that added thousands of Cape properties to flood zones. That meant the newly added property owners with federally backed mortgages were required to purchase flood insurance, with rate increases as high as