UMass Dartmouth Receives $300,000 Investment to Support “Blue Economy”

NEC member University of Massachusetts announced that UMass Dartmouth and its  SouthCoast Development Partnership received a $300,000, three-year state investment from the Massachusetts Executive Office of Housing and Economic Development. The money will go towards the development of a “blue economy corridor.”

The blue economy marks a cross section of marine-related industries, including offshore wind, fishing, aquaculture, watercraft design, and marine scientists. The “blue economy corridor” initiative is intended to develop the blue economy supply chain, workforce, and higher education research, all while identifying challenges to growth and exports and looking for ways to diversify the regional economy.

Speaking of the three-year plan for the Blue Economy, UMass Dartmouth Chancellor Robert Johnson said that he intends to create a strategic, regional economic plan by first talking to stakeholders and brainstorming about what the region can become. He said, “What we’re doing is laying the foundation on solid ground.”

The NEC congratulates the UMass Dartmouth on receiving this funding and commends them on their continued support of the “blue economy corridor” initiative.

Learn more from Providence Business News.

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