Major hurdle cleared in Fairhaven Mills site development

NEW BEDFORD — Three parties with a lot to gain or lose over the Fairhaven Mills development project have won, with an agreement this week by businessman John Meldon to sell his land to Dickinson Development Corp. for an undisclosed price.

The deal gives:

* Mr. Meldon the sale of an old mill that was expensive to hold and maintain to possibly the only serious potential buyer in a difficult economic climate. [read more]

City closes sale of three Fairhaven Mills sites

NEW BEDFORD — The city has closed the sale of three properties for $500,000 at the Fairhaven Mills site, and it and the developer anticipate that substantial progress will be made during the coming year.

The administration of Mayor Scott W. Lang concluded its deal with Dickinson Development Corp. of Quincy last month. On Tuesday, representatives of the city and developer said:

* Dickinson closed on the three city-owned Fairhaven Mills properties and met its Dec. 31 closing [read more]

City renewable firm lands $20M investment

NEW BEDFORD — A company developing new technology to turn waste into gas at its New Bedford research and development facility has announced a major new investment intended to carry the company from the test to the commercial stages of operation.

Ze-gen Inc., a Boston-headquartered start-up, reported Tuesday it had secured $20 million in new financing from new and existing investors. Ze-gen was started with about $8 million. [read more]

International yacht company celebrates 150 years of manufacturing in America based in New Bedford

Edson Corp. to celebrate 150th anniversary
NEW BEDFORD — If you've been in business since the Lincoln administration, you must be doing something right.

The Edson Corp., a marine accessories manufacturer in the North End, can make that claim. It's been selling innovative pumps, high-tech steering systems and a slew of gadgets for boating enthusiasts since the year before Honest Abe took office. And all of its products bear that once common but increasingly rare label, "Made in America." [read more]