New Bedford Economic Development Council
ActivePublic & Society Benefit
About New Bedford Economic Development Council
To cultivate and promote a transparent, credible, and business-friendly environment by working collaboratively with local, state, and federal partners to support creativity, sustainable job growth, and private sector investment benefiting the citizens of New Bedford.
Focus Areas
economic developmentsmall business lending and microloansreal estate development and brownfield remediationworkforce development and trainingcreative economy supportfisheries industry assistancetax-increment financing and incentives
Who They Fund
local communitiessmall business owners / entrepreneursjob-seekers / unemployed or underemployed residentslow- to moderate-income households
About New Bedford Economic Development Council
New Bedford Economic Development Council Inc channels grantmaking into the city’s business base, with recent support reaching a mix of neighborhood nonprofits, colleges, and local firms under the same economic development umbrella. The largest listed grant goes to Community Economic Development Center in New Bedford for $35,150, and Bristol Community College in Fall River received $34,000 for the same purpose, showing that the council’s work extends beyond one organization type while staying tied to regional job and business growth. The recent record also includes Downtown New Bedford Inc, Duende Glass Inc, Cape Verdean Association, and Junior Achievement, each funded for economic development support. That mix points to a funder that backs both place-based revitalization and direct assistance to organizations and enterprises connected to New Bedford’s economy. Across the grant list, recipients range from cultural and creative businesses to community institutions, reflecting a practical orientation toward local economic activity rather than a single program lane. The council’s public description emphasizes collaboration with local, state, and federal partners to support creativity, sustainable job growth, and private sector investment for New Bedford residents.
What New Bedford Economic Development Council Funds
The council supports economic development through several connected lanes. In community-based development, it gave $35,150 to Community Economic Development Center for economic development support, and $32,000 to Downtown New Bedford Inc for the same purpose. Its grantmaking also reaches education and workforce pathways: Bristol Community College received $34,000 for economic development support, linking the funder’s work to training and local labor-market needs. Creative economy support appears in grants such as $24,000 to Stage Artistry Studios and $20,000 to Tl6 the Gallery, both in New Bedford. Small business and enterprise support is visible in awards to Duende Glass Inc, Nuance Salon, and Tia Maria's Cafe Inc, all funded for economic development support.
How New Bedford Economic Development Council Gives
The typical grant size is tightly clustered: p25 is $10,000, median is $20,000, and p75 is $20,000. That pattern suggests a grant program built around a standard award level with some larger exceptions. The recent list shows repeated giving within the same year and across multiple years, including grants in 2023, 2024, and 2025. The organization funds directly rather than through individuals, and the active programs list includes both grant and loan offerings, including an online loan application portal and a Brownfield Revolving Loan Fund. Several program pages indicate unsolicited applications are accepted for some initiatives.
Financial Snapshot
Annual Giving
$396K
Total Assets
$7.1M
Total Revenue
$2.7M
Total Expenses
$2.4M
Typical Grant Size
Most grants fall between $10K and $20K, with a median of $20K.
25th Percentile
$10K
Median
$20K
75th Percentile
$20K
Geographic Reach
Local3 states funded
Funding intensity
LowHigh
Headquarters
Leadership
ANTHONY R SAPIENZA
Accepts unsolicited proposals
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