History of Falmouth EDIC
The Falmouth Economic Development and Industrial Corporation (EDIC) was established on April 7, 1981 , for the purpose of improving local economic conditions and to promote private employment opportunities for Falmouth residents. The EDIC Board is interested in expanding its role in economic development and views Affordable Housing as a major component of the Town of Falmouth’s continued economic stability.
The EDIC is the developer and manager of the highly successful Falmouth Technology Park; a 106-acre park dedicated to technology related and light industrial development. The EDIC executed a Development Agreement with the Cape Cod Commission, which allows construction in Falmouth Technology Park to occur without review as individual Developments of Regional Impact. The Park as a whole has developed in a manner consistent with the Regional Policy Plan for Cape Cod.
The EDIC is also the developer and manager of the new Raymond Business and Technology Park, a twenty-acre parcel located in North Falmouth. The EDIC has taken on an active interest in Affordable Housing including acting as facilitator on 704 Main Street, a 58-unit family housing development in downtown Falmouth and a 24-unit family development adjacent to Raymond Business and Technology Park on Edgerton Drive.
