Economy

Mayor Jon Mitchell presented his Fiscal Year 2023 City Budget to the New Bedford City Council on Wednesday, May 18, 2022. Cautious, Conservative Spending Blueprint Mayor Mitchell noted that the new City budget, the third developed since the start of the COVID-19 pandemic, reflects continuing impacts on City revenues and …

The Baker-Polito Administration today will file a Fiscal Year 2022 (FY22) supplemental budget that proposes investments in transportation, housing, environmental infrastructure, economic development, child care and education initiatives. The legislation includes approximately $1.7 billion in spending, supported by state tax revenues that exceed FY22 benchmarks through April by $4.23 billion …

Proposed Projects Include Renovations to Boys & Girls Club, West Beach Bathhouse. Mayor Jon Mitchell announced nearly $6 million in proposed funding allocations detailed in the City’s draft FY 2022 Housing & Community Development Action Plan, which is open for public comment. Proposed allocations include $480,000 for building renovations at …

Michael P. Norton State House News Service Gas prices in Massachusetts crept higher in recent days as the wait continues for some kind of tax relief plan from the state Legislature. House and Senate Democrats have nixed gas tax relief proposals but have continued to suggest that tax relief of …

The City of New Bedford has issued a request for proposals (RFP) to solicit plans from commercial real estate developers to create an Advanced Manufacturing Campus (AMC) on 100 acres of the municipally owned Whaling City Golf Course on Hathaway Road. The size and unique advantages of the proposed site …

Mayor Jon Mitchell and City officials are requesting responses from local nonprofit organizations interested in supporting small businesses, by managing federal funds to provide targeted grants and technical assistance. The Small Business Assistance Program is the City’s fourth announcement of investments funded by the American Rescue Plan Act (ARPA), designed …

By Colin A. Young State House News Service Wide-ranging marijuana legislation that targets some of the most persistent issues that activists, regulators, businesses and municipalities have said are holding Massachusetts back from realizing the full potential of the 2016 legalization law cleared the Senate unanimously Thursday afternoon with senators pitching …

“The Commonwealth’s Economic Assistance Coordinating Council (EACC) approved seven projects for participation in the Economic Development Incentive Program (EDIP). These projects are expected to create 129 net new jobs and retain 151 jobs throughout Massachusetts, while leveraging approximately $88.2 million in private investment. Of the applicants this quarter, four are …

Last week, the New Bedford Port Authority awarded a $27,943,800 construction project contract to D.W. White Construction of Acushnet, MA for the North Terminal Expansion project in the Port of New Bedford. The North Terminal Expansion is a transformative port infrastructure project that will spur long-term economic development by meeting …

Supports continued COVID-19 response, provider stabilization and other immediate needs. The Baker-Polito Administration today filed a Fiscal Year 2022 (FY22) supplemental budget proposal that supports the Commonwealth’s ongoing response to COVID-19 and invests in other priority areas with immediate need, including child care, human services, housing, climate change preparedness and …