|
Dear Friends,
The $4,645,000 million recapitalization of the NBEDC loan pool
headlines this issue which also includes news of the NBEDC
Annual Meeting, future jobs in the emerging sectors and hopes
for Bristol Community College to double its enrollment in New
Bedford. The potential to strengthen seafood industry
international markets and a popular new restaurant that reuses a
historic building downtown are also featured. We invite you to
read the 2006 Annual Report and, as always, your comments are
welcome.
Sincerely
Matthew A. Morrissey
Executive Director
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 S. Ashley Room in New
Bedford City Hall with representatives of the eight
participating banks, members of the City Council, city
department heads and members of the NBEDC board of directors and
the Council, economic development partners, business owners, and
interested... [read
more]
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 businesses, and
investors.
Welcoming the Council and guests, Tony Sapienza, 2007 Board
Chairman and President of... [read
more]
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 of New Bedford is working with Fall River to
establish a biotechnology testing facility, Mr. Morrissey said.
The facility would attract small biotechnology... [read
more]
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 Show attracts top-tier buyers
and sellers of the seafood industry from around the world with
88% of the visitors having purchasing authority, 85% of the
visitors planning to return... [read
more]
BCC pitches expansion plan for New Bedford campus
By David Kibbe
Standard-Times staff writer
 BOSTON
— Bristol Community College is hoping to at least double its
student enrollment in New Bedford next year from 1,200 to 2,400
students under a $1.2 million plan for more classroom space that
BCC President John J. Sbrega, Mayor Scott W. Lang and
legislators pitched to House Speaker Salvatore DiMasi yesterday.
The city and community college are looking for state financial
support to lease space in another building downtown, in addition
to the 8,000 square feet BCC... [read
more]
New wine and tapas bar enlivens New Bedford's downtown
Cork, a wine and tapas bar, offers a new way to socialize in
downtown New Bedford
By Jennette Barnes, Standard-Times staff writer
 Step
into Cork, New Bedford's first wine and tapas bar.
Inside, the eye glides smoothly over dark wood and exposed stone
walls.
Other nightspots hang their decorating schemes on colored
pendant lights over the bar. Not here. Cork has the lights — in
red — but they accent a richly designed room.
Opened three months ago in the newly renovated Joseph Taber
building at 90 Front St., opposite the... [read
more]
|
