The Federal Reserve Bank of Boston published an account of President and CEO Susan M. Collins’ visit to southeastern Massachusetts, where she discussed the economic outlook and highlighted how transportation infrastructure and workforce training can support economic vitality. First Vice President and Chief Operating Officer Karen Pennell joined the trip, which included travel on the newly opened South Coast Rail service and meetings with local business and civic leaders. South Coast Rail reconnects Fall River, New Bedford, and Taunton to Boston by commuter rail for the first time in 65 years, with a travel time of about 90 minutes between Fall River and Boston. Discussions with Massachusetts Bay Transportation Authority leaders focused on how post-pandemic travel patterns have driven a shift toward an “all-day service pattern” to serve hybrid work and leisure demand. Roundtables in New Bedford and Barnstable surfaced expectations of growth tied to the rail line, alongside concerns about a persistent shortage of affordable housing. The visit also included a tour of Cape Cod Community College’s Aviation Maintenance Technology program in Plymouth, where officials noted graduates can earn up to USD 80,000 initially and reach six-figure pay with 5–10 years of experience.
Federal Reserve Bank of Boston 2025-06-27
Federal Reserve Bank of Boston President Susan Collins links South Coast Rail and aviation training to regional economic growth
Federal Reserve Bank of Boston President Susan M. Collins discussed economic outlook and infrastructure's role in economic vitality during her visit to southeastern Massachusetts. The visit highlighted the new South Coast Rail service's impact on regional growth and travel patterns. Discussions also addressed affordable housing shortages and workforce training opportunities, including Cape Cod Community College's Aviation Maintenance Technology program.