Entries by admin

State Reports Unemployment Down in SouthCoast

By Joseph R. Laplante Standard-Times Staff Writer NEW BEDFORD — Unemployment dropped across the state in March, including Greater New Bedford, which improved by almost 2 percentage points, the Massachusetts Department of Workforce Development reported Tuesday. The drop in unemployment in the New Bedford labor market lifted the city and its environs from the bottom […]

NBEDC Loan Officer Wins SBA Award for Women-Owned Business Advocacy

Nancy Gibeau, New Bedford Economic Development Council senior loan officer, has been selected to receive the US Small Business Administration’s 2007 Massachusetts and New England Women in Business Advocate awards. The announcement was made by Maurice Dubé, Massachusetts SBA Director. The Women in Business Advocate award is presented annually to an individual or individuals who […]

SouthCoast Rail Planned for 2016

By David Kibbe Standard-Times Staff Writer Trains would be rolling to Fall River and New Bedford by December 2016 — nearly a decade from now — under a commuter rail plan Gov. Deval Patrick will announce at UMass Dartmouth today, according to sources familiar with a private briefing by the state’s transportation secretary. Transportation Secretary […]

City Hopes Scallops Will Hook Buyers

City Hopes Scallops Will Hook Buyers ‘Aggressive’ Campaign to Market Seafood Overseas By Becky W. Evans, Standard-Times Staff Writer The world could be New Bedford’s oyster. Or at least provide a wider market for its scallops. That’s what economic officials are hoping as they explore ways to better promote the port’s fresh and frozen seafood […]

Committee Backs Lofty Mill Project

Committee Backs Lofty Mill Project Development Plan Includes Hotel, Marina, Condominiums By Aaron Nicodemus, Standard-Times Staff Writer NEW BEDFORD — An ambitious plan that includes building a hotel, office and condos over a Home Depot-led retail project has been recommended by the committee considering two development proposals at Fairhaven Mills. Eleven of the 23 committee […]

Real Estate Developers Find Treasures in Downtown New Bedford

New Bedford – Two real estate developers have recently made major investments in New Bedford’s downtown with the purchase of a building in the middle of the Whaling National Historic Park at Five Dover Street and another with the rehabilitation of the former Standard-Times and Boys Club buildings at Purchase and Market Street into luxury […]

The City of New Bedford and the New Bedford Economic Development Council Announce Major Loan Recapitalization

Banks announce financial commitment NEW BEDFORD – Mayor Scott W. Lang and New Bedford Economic Development Council executive director Matthew A. Morrissey announced a $4,645,000 million recapitalization of the NBEDC loan pool that supports the lending program for city small business development. The announcement was made at a press conference April 3rd in the Charles […]

2007 NBEDC Annual Meeting Reports Increased Activity With Plans for More

Over 150 people gathered for the New Bedford Economic Development Council 2007 Annual Meeting at the Joseph Abboud Manufacturing site on March 20. Present at the meeting were, business owners who have benefited from NBEDC programs, the NBEDC Board of Directors, members of the Council, state and local economic partners, city officials, owners of prospective […]

Science and Technology Jobs Could Employ Thousands

By Becky W. Evans Standard-Times Staff Writer A decade from now, SouthCoast could emerge as a leader in biotechnology, medical devices, marine science and technology, alternative energy and environmental science. Matthew A. Morrissey, executive director of the New Bedford Economic Development Council, said the emerging sectors could employ thousands with production jobs. Already, the City […]

International Seafood Buyers Tour New Bedford

Over 45 international seafood buyers, mainly from Europe and Asia, participating in the 2007 International Boston Seafood Show, toured New Bedford to meet with some of the area’s leading seafood companies. With the group were members of the European seafood press and foreign trade representatives from the U.S. Department of Agriculture. The International Boston Seafood […]