New Bedford Guide Your Guide to New Bedford and South Coast, MA
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 the EDA, the project will “support new business development opportunities and enable expansion of office space, light manufacturing, assembly, warehouse, and distribution activities within the industrial park.” Notably, the EDA’s anticipated impact of the project is the creation of 200 local jobs and $35 million in private investment leveraged.
“Federal funding distributed in the correct ways can create so many opportunities for our communities,” said Congressman Keating, who promoted the project to the EDA. “That is exactly what we are seeing here. Not only will be we improving our infrastructure, which alone is a win, but we are also providing opportunity – opportunity for business growth, entrepreneurial development, and partnerships with private investors. And that is to say nothing of the 200 jobs that are anticipated to be created. I congratulate both the town and the Southeastern Regional Planning & Economic Development District, who will be managing the project.”
“This is fantastic news,” said Mattapoisett Town Administrator Michael J. Gagne. “The economic development of the Industrial Park will allow the town to market expanded opportunities to local businesses and create additional jobs. Many companies at the Park are looking to expand, and this infrastructure project will facilitate that growth.”
“We are grateful for the EDA’s assistance, and all who contributed to the project” said Jeffrey Walker, Executive Director of the Southeastern Regional Planning and Economic Development District (SRPEDD), “We are excited for the town and residents of Mattapoisett and adjoining Southeast Massachusetts municipalities who will soon be benefitting from the industrial park’s expansion and creation of additional jobs made possible under the grant. We are grateful for the EDA’s assistance, and to all who contributed to the project.”
