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How Foreign Private Equity Hooked New England’s Fishing Industry

Will Sennott Propublica
In recent years, the port of New Bedford has thrived, generating $11.1 billion in business revenue, jobs, taxes and personal income in 2018, according to one study. But a quiet shift is remaking the city and the industry that sustains it, realizing local fishermen’s deepest fears of losing control over their livelihood.

How Foreign Private Equity Hooked New England’s Fishing Industry

Will Sennott Co-published by The New Bedford Light and ProPublica
Owned by a billionaire Dutch family, Blue Harvest Fisheries has emerged as a dominant force in the lucrative fishing port of New Bedford, Massachusetts. Its business model: benefit from lax antitrust rules and pass costs on to local fishermen.
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