FROED dissolves, changes duties, reorganizes board
$2.6 million in federal funding approved for housing and homelessness in Fall River
April 13, 2018
State program targets downtown revitalization
July 24, 2019
The Fall River Office of Economic Development is no more.
In its place is the Bristol County Economic Development Consultants, a non-profit that will offer advice to business and communities through the region.
And the advice will no longer be free, according to Executive Vice President Ken Fiola.
The FROED board of directors voted Thursday to rename and reinvent itself. That vote is the result of the decision by Mayor Jasiel Correia II in April of last year to cut a $300,000 annual stipend FROED received from the city to act as its economic development agent.
That action was taken after Correia admitted the FBI was investigating his former business. He said he believed the investigation was instigated by a complaint from FROED. Fiola and FROED directors have denied that.
Read the Full Story at the Fall River Herald News
Photo by Jack Foley
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