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===Modern history=== [[File:Portuguese-American Veterans Monument New Bedford w Flags.jpg|thumb|Monument to [[Portuguese-American]] Veterans]] [[File:New Bedford, Massachusetts-view of harbor.jpeg|thumb|View of boats docked at New Bedford]] Fishing and manufacturing continue to be two of the largest businesses in the area, and healthcare has become a major employer. The three largest single employers based in New Bedford are [[Southcoast Hospitals Group]], one of the top ten employers in Massachusetts (healthcare), [[Titleist]] (golf clubs, balls, apparel, manufacturing), and Riverside Manufacturing (apparel manufacturing). According to a 2001 study by the [[University of Massachusetts Dartmouth]] Center for Policy Analysis, the three largest employment sectors in the Greater New Bedford area (the area includes New Bedford and Acushnet, Dartmouth, Fairhaven, Freetown, Lakeville, Marion, Mattapoisett, Rochester, and Wareham) were as follows: services (26% of total employment); wholesale trade (22%); manufacturing (19%). The largest industries by employment in the area were as follows: health services, eating and drinking places, wholesale trade, food stores, and social services. In 2002, the city received $61,194,358 in taxation revenue, $44,536,201 in local receipts, and $12,044,152 classified as ''other available''. In 2005 the unemployment rate was 7.3%, having dropped throughout the 1990s from 12.5% to 5.3% in 2000, and then having risen to 10.4% in 2003. By 2009, in the midst of the economic crisis of the era, the unemployment rate got as high as 12.4%. In 2005, the city received $104,925,772 for education, and $22,755,439 for general government from the [[Massachusetts|State of Massachusetts]]. In 2016, the city hopes its proximity to Massachusetts' southern coastline will allow it to become a center for the growing [[Wind power|wind energy]] market. Three companies, OffshoreMW, [[Deepwater Wind]], and [[DONG Energy]], have leased portions of New Bedford's Marine Commerce Terminal for the staging of turbines and platforms.<ref>{{cite news|last=Associated|first=Press|url=http://www.bostonherald.com/business/business_markets/2016/09/offshore_wind_firms_agree_to_use_new_bedford_terminal|title=Offshore wind firms agree to use New Bedford terminal|date=September 6, 2016|work=[[Boston Herald]]|access-date=September 7, 2016|archive-date=September 7, 2016|archive-url=https://web.archive.org/web/20160907141805/http://www.bostonherald.com/business/business_markets/2016/09/offshore_wind_firms_agree_to_use_new_bedford_terminal|url-status=live}}</ref>
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