State Partners GNBIF NB Area Chamber WIB Business Assoc. Legislative Delegation Governor Patrick MassDevelopment SERPEDD MOTT MOBD National ParkFoundationsNBEDC Board of Directors Council Staff Task Forces Universities BCC Bridgewater Harvard MITUmass DartmouthCity Departments and BoardsCommunity Development Public Infrastructure & Facilities Environmental Stewardship City Solicitor Inspection Services Planning Harbor Development Licensing & Board of Appeals MIS
Historic Preservation as a Catalyst for City Revitalization, Economic Development & Tourism Development
Historic Preservation as a Catalyst for City Revitalization,Economic Development & Tourism DevelopmentMassachusetts Association of Planning DirectorsAnnual Conference – New Bedford MAJune 9-10, 2011 Bob Mitchell FAICP, EOHED - Moderator Lisa Bergson, Executive Director, WHALEAnne Louro, Historic Preservation Planner, City of New BedfordDerek Santos, Director of Business Development, New BedfordEconomic Development Council
City of New Bedford ….Historic Preservation as a Catalyst for City Revitalization, EconomicDevelopment and Tourism Development
New Bedford’ s strongneighborhood identityand historic resources areour greatest economicassets
The Massachusetts Rehabilitative Tax CreditFrom 2004-2008:• $74 Million state tax credits leveraged nearly $1 billion inprivate investment & over 12,000 jobs.Since 2009:• 100 new projects sought $162 million in tax credits that wouldleverage $1.09 billion in private investment .The State program has revitalized the use of the Federal HistoricTax Credit in Massachusetts• In 2008, Massachusetts ranked #2 in the country with nearly$325 million in certified federal historic tax creditexpenditures.• Return to Mass in tax revenue: approximately $296.9 million.
Partnerships• City of New Bedford – Mayor Scott Lang• Secretary Galvin, Massachusetts HistoricalCommission – Emergency Grant for Acquisition• Foundation Grants- 1772 Foundation- Henry Crapo Foundation- Patrick Carney Foundation- Island Foundation• National Trust for Historic PreservationPreservation Massachusetts• Private Donations- 100% participation from Board/Staff- Members & Friends
Preservation ServicesTripp House – 24 Allen Street – CABH, Inc.
Historic Preservation and Economic Development in New Bedford:A True Story!June 9, 2011Derek Santos, Director of Business DevelopmentNew Bedford Economic Development CouncilMassachusetts Association of Planning Directors2011 Annual ConferenceHistoric Preservation as a Catalyst for City Revitalization,Economic Development and Tourism
10 Year Plan forSustainable Economic Development*Public Safety & Educational Attainment of CommunityEmergingSectorsCommunicationsPlanning&DevelopmentCatalyticProjectsWorkforceInvestmentExist.&SmallBusiness*NBEDC BOD 1.18.07
Private Investment $340MPublic Investment $57MJobs Retained 818Construction Jobs 16592006-2010: The First Five YearsFrom Strategy to ResultsTax Revenue Increase FY09 $557,347Jobs Created 1321
Massachusetts Gateway Cities*FY06-10 Average Rate of Growth**NewBedford**DOR Division of Local Services-1%-2%-0%1%2%3%4%5%PittsfieldFitchburgFallRiverWorcesterLawrenceHaverhillLowellSpringfieldBrockton*As defined by Mass Inc.
Planning Districts:• Business Park• Upper Harbor Development Plan• River walk• Acushnet Avenue Market Place• Hick-Logan-Sawyer Growth District• Harbor Master Plan Update• Quest Center/Armory Development• Route 18 Access Improvement• Downtown Land Use & Retail Plan• Downtown Action Plan• South End Gate Way• AirportCitywide Initiatives:• Comprehensive Master Plan• Mill Inventory• 2008-13 Open Space & Recreation Plan• 2008 Market & Economic Analysis• Streamlined Permitting• Priority Development Sites• Brownfield Assessment• Sustainable Development Guidelines• Commuter RailThoughtful Planning
Victoria Riverside$13M investment 65 construction jobs
Darnit! Manufacturing$2.2M investment 10 new jobs70 jobs retained
Cliftex North$12M investment 65 construction jobs
Cliftex South$25M investment 125 construction jobs