TriBrand Prosperity 2020 Complete - Page 62



Supported by high-speed Internet service and mobile technology, as
well as ready access to airports in Providence and Boston, these homebased businesses reflect a seismic shift in the U.S. economy. There are
more than 16 million people working from home nationwide, and that
number is expected to increase nearly 70 percent by 2018. One study
suggests that about 35 percent of these home-based businesses see
annual revenues exceeding $125,000.
On Cape Cod, home-based businesses also represent those started
by many older professionals who don’t necessarily retire to the Cape,
but repurpose themselves. They are trading in their 9-to-5 jobs and
commutes for mobile consultancies. Or, in many cases, they begin
entirely new careers motivated as much by passion as by paycheck.
A study by the Cape Cod Commission found that 40 percent of today’s
secondhome owners who plan to move here full time expect to work—
mostly from home.
One publisher who retired early to the Cape found himself owning
and operating four magazines and a website within three years of his
arrival—relying only on a laptop computer, tablet and smart phone, all
from his office at home overlooking a marsh and watching the tide flow
in and out twice a day. “I sell advertising, work with designers, writers
12 Cove Lane Pocasset, MA Last offered at $999,900
$1M
plus
$500K
- $1M
Total
Total
945
1264
Total
666
Total
456
Total
Total
Total
194
423
Total
373
Total
8
Total
80
199
62
1
1
25
Total
105
1
459
486
1
115
63
Provincetown
102
270
Orleans
326
Mashpee
242
Total
3
1
Harwich
186
Chatham
282
Brewster
Bourne
Barnstable
300
729
Falmouth
1
1
Eastham
1
3
3
1
Dennis
1
2
25
58
Yarmouth
263
3
3
Wellfleet
Total
Truro
344
1
Total
369
593
Sandwich
Total
951
Under
$500K
PROSPERITY 2020

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