BayCoast Bank pledges $150K
to develop marine tech sector

BAYCOAST BANK CEO and President Nicholas Christ, left, shakes hands with UMass Dartmouth Chancellor Robert E. Johnson. BayCoast has pledged $150,000 to help UMass Dartmouth and the SouthCoast Development Partnership form a cluster of marine science and tech businesses in southeastern Massachusetts. / COURTESY BAYCOAST BANK

SWANSEA – BayCoast Bank has pledged a $150,000 grant over three years to help develop in southern Massachusetts a “supercluster” of businesses and institutions working in the marine science and technology sector.

This Blue Economy Initiative is a collaboration between the University of Massachusetts Dartmouth and the SouthCoast Development Partnership.

Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.

By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…

Learn More

The initiative will create a cooperative environment for institutions, businesses and universities working on robotics, oceanography, renewable and nonrenewable energy, biotechnology, communications hardware, information technology, advanced materials and civil engineering.

“It is a privilege to invest in a project that will improve the quality of life for residents throughout the region,” said Nicholas Christ, CEO and president of BayCoast Bank and co-chair of the SouthCoast Development Partnership.

- Advertisement -

Over three years, the project will develop a plan and build support for economic opportunities in engine and turbine manufacturing, wind and hydro power generation, nautical systems manufacturing and coastal water transportation technologies.

Mary Lhowe is a PBN contributing writer.

No posts to display