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Real Estate Development

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The New Bedford Economic Development Council sees real estate development as a primary means to further the ongoing transformation of the city. Development in New Bedford provides dynamic and tangible signs of the progress and growth of New Bedford and the Massachusetts South Coast region.

Creative and well planned projects grow the job base in the trades, create permanent jobs, expand the commercial tax base and underscore the increasing vibrancy which makes New Bedford more and more attractive to additional and greater investment vehicles and projects.
The NBEDC can provide a high level of technical assistance for real estate development projects in such areas as: site selection, pre-planning, financing, permitting and incentive agreements. The NBEDC team members are often vital in negotiations with state agencies, lending institutions and even amongst separate private interests. This assistance is based on our extensive municipal, state and federal experience in facilitating successful projects for the growth of New Bedford.
This program will be available to all private development entities. The NBEDC will offer these services at no charge.
Services include:

• An initial meeting with an NBEDC staff member to outline all anticipated project actions
• The direct contact information for the necessary city and state agencies and other related service providers you will encounter along the project time line
• General guidance from the NBEDC staff, who will be available as a resource throughout the project
• A senior level single point of contact that will work with you throughout the life of the project, assigned by the NBEDC
• Relationships with the required city and state agencies and other related service providers, including documentation gathering assistance, data collection and meeting attendance, all scheduled, introduced, and managed by the NBEDC
• Support and advocacy on the project’s behalf for local, state, and federal programs (i.e. historic/new market tax credits.)
• The NBEDC will serve as the ombudsman through the municipal permitting process
• As required, the NBEDC will offer introductions to other private sector partners/vendors and act as an intermediary (i.e. professional services and vendors on either end of the supply chain)
• The project lead will have a priority level of service with our lending program

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