NEW BEDFORD, Mass. (WPRI) — A $200,000 federal grant is coming to New Bedford with the hope of boosting the city’s economy — in many different ways — related to the city’s historic waterfront.
The U.S. Deputy Assistant Secretary of Commerce for Economic Development Matt Erskine joined New Bedford mayor Jon Mitchell Wednesday morning at the Public Safety marina for the announcement.
The Economic Development Administration is giving the money to the New Bedford Economic Development Corporation, in order to begin crafting an urban renewal plan that will make the waterfront more of a ‘working’ waterfront, according to a news release from the city and the EDA.
The development of areas next to the city’s Marine Commerce Terminal and the State Pier is expected to run over the course of 10 to 15 years, and involve input from both the public and private owners.
The grant and plan are all a part of the city’s wish to develop more jobs overall, as well as wind power, commercial fishing, and additional tourism.