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| FROED One Government Center Fall River, MA 02722-7700 Tel 508-324-2620 Fax 508-677-2840 info@froed.org |
| Behind a unique
sign and decorative flower beds along Route 24, a former municipal
airport and a well established industrial park are helping shape the
City of Fall River's economic future. The 160-acre Fall River Commerce
Park and 500-acre Fall River Industrial Park, home to 60 firms employing
nearly 4,500 men and women, are testaments to the city's efforts to
diversify its industrial base. Both of these parks are fully permitted,
with all infrastructure in place. Under the leadership of Mayor Robert
Correia, their growth is the latest development as the Fall River
economy surges forward. |
 FROED
works closely with the Greater Fall River Development Corporation
and the Fall River Redevelopment Authority in an effort to attract
industry to the city. A casual drive through the parks' neat roadways
offers glimpses of a variety of businesses, from Lightolier's corporate
headquarters and manufacturing complex to A.J. Wright's massive distribution
center. These companies are among a diverse group that collectively
occupy more than 3.7 million square feet of industrial and commercial
space. Three new projects, representing more than 250,000 square feet
of additional space and nearly 600 new jobs, are currently under construction. |
 The
South Coast Research and Technology Park, near the intersection of
Routes 24 and 195, offers technology firms a unique alternative, including
the region's only Research and Development Overlay District. Biotechnology
and related uses are pre-approved, and UMass Dartmouth's Advanced
Technology and Manufacturing Center is onsite to assist businesses
with technology and manufacturing solutions. The
explosive growth of these parks points to continuing demand for prime
industrial land. As a result, the city is now in the process of establishing
a new 300-acre Executive Park to accommodate increasing demand for
corporate, technology and research & development sites. This park
is being permitted for 2.5 million square feet of space. In addition,
the city has assisted the neighboring Town of Freetown with the development
of Riverfront Business Park. The privately-held site is the home of
Stop & Shop's new state-of-the-art, 1.3 million square foot distribution
center, and currently has an additional 200 acres available.At $70,000 - $80,000 per acre, industrial land in the Fall River area is extremely affordable, and tax incentives and low-interest financing are readily available. The parks are in exceptional geographical locations, each with direct highway access. Fall River's tax, water and wastewater rates are among the lowest in the state, and competitive with locations throughout the country. A state-of-the-art telecommunications network is available. |
| All of these factors have helped make the City of Fall River an attractive option for expanding businesses. In total, these considerations, coupled with the region's outstanding workforce, make the compelling argument that Fall River's business parks are, indeed, a rare business opportunity. |
Click on the map to enlarge