Economy

Green Bean, the popular coffee and sandwich shop at the corner of Union and Purchase streets will close their doors at 3 pm. Staff state they will open back up after coronavirus concerns alleviate. They are selling coffee in bulk at 50% until 3 pm. Several other local businesses have …

By Michael P. Norton State House News Service State tax collections in the current fiscal year could fall as much as $500 million below benchmarks due to lost economic activity and the Legislature should act now to prepare for a downturn or the “significant likelihood” of a recession, the Massachusetts …

By Chris Lisinski, State House News Service The Massachusetts House of Representatives approved a major tax bill Wednesday night that Democratic leaders say will generate more than half a billion dollars for transportation infrastructure by increasing taxes or fees on gasoline, corporations, ride-hailing services and vehicle purchases by rental car …

Today, Congressman Bill Keating announced a $735,000 grant to Mattapoisett from the Economic Development Administration (EDA). This represents approximately half of the funding on a $1.4 million project to reconstruct the roadway that serves the town’s 100-acre Industrial Park, as well as other existing businesses in the area. According to …

Shrewsbury commercial real estate developer Donat Aubuchon has purchased Dartmouth’s “Big Value Outlet Plaza” from Dartmouth Select Board member David Tatelbaum for $7.5 million. The new owner plans to modernize the property with a new facade and keep the anchor store which has been around since 1990, but whose structure …

St. Anne’s Credit Union, a single source for financial services, financing options and resources for individuals and businesses, announced that they are financing over $3 million to make Cisco New Bedford a reality. St. Anne’s will be providing customized financing options in their partnership with Stephen Silverstein, owner of The …

For the 19th straight year, New Bedford earned the title for highest-value port with a harbor value of $431 million, more than double the value of the next most-valuable port of Naknek, Alaska, which was worth $195 million. The nation’s highest-volume fishery, Alaska pollock, was sixth in value in 2018, …

Fans of the downtown New Bedford juice bar, People’s Pressed, will be delighted to know that the popular destination will be expanding into a second location. Unfamiliar with People’s Pressed? Dartmouth native Amanda Desrosiers opened her doors in March of 2018 based on the many juice bars she encountered while …

The following is a release from Blue Harvest Fisheries: Blue Harvest Fisheries is pleased to announce the acquisition of 12 vessels and 27 fishing permits from the Carlos Rafael family. This acquisition will allow Blue Harvest to keep vital fishing and seafood processing jobs in New Bedford, Massachusetts, and furthers …