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There are also some people who jig for cod etc. during the winter.
At present I think of longlining more for pelagics like swordfish and tub trawling for bottom fish but the idea is the same, a long line with short lines (gangions) with hooks every fathom or so or further apart with the multi mile long sets for big fish.
There are lots of techniques for making otter trawls more species and size selective and rollers to prevent hangups. However I am speaking as a naval architect and not as a fisherman and I am not sure how well they really work. Backshore and Capt Joe would know far more about it than I.

That new big red boat, the Western Venture, is like part of an 11 million dollar investment in a Gloucester business. About six this morning boats were lined up there to buy bait, as they are up at Capt Joe's.
After a prominent person in the community told me that the fishing was petered out and what remained could be parked at the fish pier, that investment was one of the things I showed him after pouring him in a whaler for a harbor tour. I can not think of many Main Street merchants who have invested 11 million in their businesses lately.
I also took him down to the fish pier to show him that the North side was full of 150 foot long herring snatchers and the South side was full of a couple of hundred smaller commercial fishing boats in the marina and some big draggers and offshore lobster boats on the outside. I asked him where he would put the others, from ports all over New England, that are tied up at the Railways, Roses, Felicias, Intershell etc. I also showed him the recent shore side investments at Lat 42.5, G. House, Empire, Heritage Center, Intershell, Auction, Cruise terminal, Roses, Marine resources, Whole Foods, East Gloucester marine (the huge new concrete pier and float thing Joe keeps putting up on his blog) , GMR ......
Things are not great on the waterfront and there are serious planning failures such as the two Americold piers and the uplands of I4/C2 and a sewer plant that does not handle fish processing waste water. There is a problem with subsidized public facilities undercutting private facilities. There are days at sea problems and enforcement problems and it is not clear that those huge herring boats are a good idea for the overall seafood system.
However the waterfront is supporting a lot of people and private property owners have made huge investments in facilities and boats over the last couple of years. One problem is that even people who are leaders in the community have not jumped in a boat to look.