From the Corner Office

Issue No. 016 | Dec 11th, 2014 | New Bedford, Massachusetts

City of New Bedford

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New Bedford’s Unemployment Rate Now at its Lowest Since 2008

16-1New Bedford, MA – According to the latest statistics released by the U.S. Bureau of Labor Statistics, New Bedford’s unemployment rate has improved and the city recorded its best jobless numbers since August of 2008.

The latest numbers from the U.S. Bureau of Labor Statistics put the New Bedford unemployment rate at 8.9 percent, down from 10.6 percent last month, and 12.2 percent in October of last year.

Read more in the recent Standard-Times story here separator

Group Recommends Priorities for New Bedford’s Economic Growth, Leaders United Around Strategy to Regenerate Area Economy

16-2New Bedford, Massachusetts – In March of 2014, Mayor Jon Mitchell called upon a group of approximately two dozen CEOs and other leaders in the New Bedford region to serve on the “New Bedford Regeneration Committee,” and asked them to help identify initiatives that can be pursued in the near term to keep Greater New Bedford on a path toward long-term growth and renewal.

The Committee was chaired by Gerry Kavanaugh, Senior Vice-Chancellor for Strategic Planning and Management at the University of Massachusetts at Dartmouth, former Chief of Staff to Senator Ted Kennedy, founder and CEO of two successful businesses, and former senior executive at the Boston Redevelopment Authority.   The work of the Committee was facilitated by the Boston-based nonpartisan think tank MassINC and the Urban Initiative at UMass Dartmouth.  The final report was presented to the Mayor in November… read more (PDF)  

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New Bedford’s “Sullivan’s Ledge” Solar Project Receives Award from EPA, City Turns Environmental Liability Into Environmental Asset

16-3New Bedford, MA – New Bedford has been awarded EPA’s first-ever “Superfund Excellence in Site Re-use” award in New England for the installation of a solar farm at Sullivan’s Ledge, a federally-recognized Superfund site.

At 1.8 megawatts, and with more than 5,000 solar panels spread across ten acres, the Sullivan’s Ledge solar project annually produces enough electricity for 226 homes. It is projected to shave $2.7 million off city government utility bills over the next twenty years… read more (PDF) separator

City Issues Update on Cannon Street Casino Developments, Challenges KG Urban Claims

16-4New Bedford, Massachusetts- A recent statement released by the City of New Bedford rejects recent claims of KG Urban, the New York-based real estate company, that KG is willing, and has been willing, to fund the appropriate review studies to allow the City to assess their waterfront casino proposal under the state’s Expanded Gaming Act.

The City’s statement challenges recent representations that KG is open to providing support to the City: “To the extent that KG Urban has signaled any willingness to provide expert funding, it [KG] has arbitrarily sought to constrain the use of such funds to simply peer-review their own proposed facility design, while excluding any analysis of the more basic question of the suitability of the location or the impacts of the proposal on the City.”… read more separator

Weekend Happenings

City of New Bedford Official Tree Lighting Ceremony
Thursday, December 11, 2014, 6pm (previously scheduled for 12/6)
Downtown New Bedford

 

What's Happpening in New Bedford
Santa Sightings Fun Run/Walk
Sunday, December 14, 6pm – 8pm
Downtown New Bedford
 
Holiday Zoobilee Saturday, December 13; Sunday, December 14; Saturday, December 20; Sunday, December 21
Buttonwood Park Zoo

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NB Business Buzz: Adriana’s Mexican Restaurant

16-6Enjoy authentic Mexican cuisine at New Bedford’s newest authentic Mexican eatery, Adriana’s Mexican Restaurant!
Visit Adriana’s for lunch or dinner at 1262 Acushnet Avenue or visit their website to learn more.

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