Blue Economy & Regional Economic Development

Regional economies are part of the biological and social ecosystems that support them. At GMS, we work with partners across business, civic leadership, academia, nonprofits, and government agencies to advance the North Shore’s regional resilience by exploring and building upon our regional strengths to uncover potential areas of growth for a resilient regional economy.


NEMA climatetech meeting report_2025

Northeast Massachusetts Climatetech Consortium

Launched in 2025, this public-private consortium leverages regional strengths to increase equitable, sustainable, and innovative economic competitiveness. GMS co-leads this effort with the North Shore Alliance for Economic Development, MassHire North Shore Workforce BoardInnoventureLabsEssex County Community FoundationCity of SalemUMass Lowell Rist Institute, and Middlesex 3 Coalition

Read the July 2025 conference report and factsheet with regional SWOT analysis and our Climatetech supply chain asset map findings. 

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North Shore Blue Economy

The blue, or marine, economy is the sustainable use of ocean resources for economic growth, improved livelihoods, and job creation (World Bank). This means looking at how we can use ocean resources sustainably to work toward regional resilience—socioeconomically and ecologically. 

Traditional sectors of the blue economy include:  

  1. Living Resources (fishing, aquaculture, seafood processing, seafood markets)
  2. Coastal Tourism and Recreation (boat dealers, restaurants, hospitality, marinas, scenic water tours)
  3. Ship and Boat Building & Repair (ships, recreational boats)
  4. Marine Transportation (deep sea freight, passenger ferries, port and harbor operations, warehousing)
  5. Marine Construction (dredging, facilities development)
  6. Offshore Minerals (oil and gas exploration, sand and gravel mining) 

In 2021, GMS published a baseline economic assessment with focus group input from over 300 people across regional blue economy sectors. Focus groups also explored how coastal resilience, marine science and technology, and offshore wind intersect with emerging blue economy growth opportunities.

Marine Ecology News

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