SRPEDD CEDS 2023-2028

Page 32

Priority Sites Brayton Point Commerce Center Somerset | 1 Brayton Point Road One of two decommissioned coal-fired power plants in Somerset, this site has already benefited from significant U.S. EDA investment that is crucial to future redevelopment.31 Thanks to its deep-water port – a rare and strategic asset along U.S. East Coast – and strategic location on Mount Hope Bay, Brayton Point offers significant opportunity to contribute to electricity transmission capacity and the Marine Science and Technology sector – especially off-shore wind support industries such as subsea transmission cable manufacturing.

Strengths

Primary Owner(s): Commercial Development Co.; Prysmian Group

Stakeholders: Town of Somerset; Brayton Point Neighborhood; Commonwealth of Massachusetts; Prysmian Group

     • • • •

Good, diverse infrastructure Competitive housing costs and new transit connections to Boston Strength in health care, manufacturing, value-added agriculture, and fishing Cities and large towns with growing and increasingly more diverse and educated populations

Weaknesses

• •

 

Opportunities

Development Type: Brownfield Remediation and Redevelopment

 

Proposed Investments and Initiatives: Prysmian Group proposes a 550,000 s.f. manufacturing facility on 47 acres. This $300 million private investment would create over 350 new jobs. The project would require new roadways and potential water and sewer infrastructure estimated at between $2-$4 million. Related Sites: The nearby Montaup site (Somerset)32 has potential for deep-water port activities. The site has been advertised for sale along with its companion property across the Taunton River in Fall River at Weavers Cove, which has direct rail freight frontage. 31 www.eda.gov/archives/2022/success-stories/edd/stories/somerset-ma.htm 32 www.masscec.com/resources/montaup-power-plant

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Despite gains, our workforce development efforts are not keeping pace with competitors and the modern economy Modern infrastructure investments – especially in ports, water, sewer, and broadband – are still required for more growth

Total Available Acres: 300

Proposed Use: Manufacturing and Assembly, Green Energy Storage and Distribution, Off-Shore Wind Maintenance and Service.

  

Improved educational attainment can be advanced through strategic workforce development that is tailored to the “biotech” manufacturing, MST-based, and health care industries Comparatively lower housing costs and improved transit connections to Boston can lead to vibrant TOD/mixed-use development and can continue to attract younger, more educated residents Our region has numerous remaining development sites where we can leverage state and federal infrastructure funding to encourage growth

Threats

  •

Perceptions of persistently high unemployment and low educational attainment


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Articles inside

M. Median Price - Single Family Home

1min
pages 65-68

C. Media Age Comparison

1min
pages 60-62

Economic Resilience

4min
pages 54-56

Performance Measures and Evaluation Framework

1min
pages 52-53

Priority Projects and Partnerships South Eastern Economic Development (SEED) Corp.

1min
pages 50-51

Mansfield Incubator or Other Workforce Development Projects

1min
page 49

Priority Projects and Partnerships

1min
page 48

Rural and Small-Town Economic Development Planning

1min
page 47

Priority Projects and Partnerships

1min
page 46

The SRPEDD Regional Resilience Plan (SRRP)

1min
page 45

Priority Projects and Partnerships New Bedford Quest Center

1min
page 44

Brownfield redevelopment opportunities in the Ten-Mile River Watershed and Beyond

1min
page 43

Priority Projects and Partnerships Ocean-Based Industry/Economic Partnerships and Initiatives

1min
page 42

UMass-Dartmouth, SMAST, and CIE

1min
page 41

Priority Projects and Partnerships

1min
page 40

North Carver Green Business Park

1min
page 37

Freetown Riverfront Executive Park

1min
page 36

Fall River Science and Technology Park, Commerce Park, and

1min
pages 35-36

Priority Sites

1min
page 34

Priority Sites

2min
pages 32-33

Program and Project Selection

1min
pages 30-31

Strategic Direction

1min
pages 28-29

Our Threats

2min
pages 26-27

Our Opportunities Brownfield remediation and redevelopment

1min
pages 24-25

Our Opportunities

2min
pages 22-23

growth

1min
page 21

Our Weaknesses

1min
page 20

Our Strengths

2min
pages 18-19

Our Strengths

1min
pages 16-17

SWOT Analysis

1min
pages 14-15

Vision Statement

1min
pages 12-13

Success Stories

1min
pages 10-11

Success Stories

1min
pages 8-9

Executive Summary Our Approach to Economic Development and the 2023 CEDS

2min
pages 4-7

M. Median Price - Single Family Home

1min
pages 65-68

C. Media Age Comparison

1min
pages 60-62

Economic Resilience

4min
pages 54-56

Performance Measures and Evaluation Framework

1min
pages 52-53

Priority Projects and Partnerships South Eastern Economic Development (SEED) Corp.

1min
pages 50-51

Mansfield Incubator or Other Workforce Development Projects

1min
page 49

Priority Projects and Partnerships

1min
page 48

Rural and Small-Town Economic Development Planning

1min
page 47

Priority Projects and Partnerships

1min
page 46

The SRPEDD Regional Resilience Plan (SRRP)

1min
page 45

Priority Projects and Partnerships New Bedford Quest Center

1min
page 44

Brownfield redevelopment opportunities in the Ten-Mile River Watershed and Beyond

1min
page 43

Priority Projects and Partnerships Ocean-Based Industry/Economic Partnerships and Initiatives

1min
page 42

UMass-Dartmouth, SMAST, and CIE

1min
page 41

Priority Projects and Partnerships

1min
page 40

North Carver Green Business Park

1min
page 37

Freetown Riverfront Executive Park

1min
page 36

Fall River Science and Technology Park, Commerce Park, and

1min
pages 35-36

Priority Sites

1min
page 34

Priority Sites

2min
pages 32-33

Program and Project Selection

1min
pages 30-31

Strategic Direction

1min
page 28

Our Threats

2min
pages 26-27

Our Opportunities Brownfield remediation and redevelopment

1min
pages 24-25

Our Opportunities

2min
pages 22-23

growth

1min
page 21

Our Weaknesses

1min
page 20

Our Strengths

2min
pages 18-19

Our Strengths

1min
pages 16-17

SWOT Analysis

1min
pages 14-15

Vision Statement

1min
pages 12-13

Success Stories

1min
pages 10-11

Success Stories

1min
pages 8-9

Executive Summary Our Approach to Economic Development and the 2023 CEDS

2min
pages 4-7
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