February 10, 2022 — The Port of New Bedford was the nation’s highest value port for the 20th consecutive year in 2021 as announced by the National Marine Fisheries Service.
And the city could be getting $30 million to invest in improving the New Bedford Marine Commerce Terminal.
According to a news release from Sen. Mark Montigny, the Massachusetts Clean Energy Center Board of Directors voted to approve a motion authorizing $90 million to be spent from the Offshore Wind Industry Investment Fund created by the legislature in December 2021.
The funding reserves $30 million to expand capacity at the New Bedford Marine Commerce Terminal. The money is from the American Rescue Plan Act (ARPA) and state revenues that are held in MassCEC’s coffers to enhance the terminal.