The Healey-Driscoll Administration, alongside key partners, announced a significant economic development project in Lowell during a recent meeting. This initiative aims to enhance collaboration between the University of Massachusetts Lowell and local businesses, fostering innovation and job creation in the region.

Secretary Von Howe highlighted the importance of community involvement, acknowledging various stakeholders, including local credit unions and development teams. The project is seen as a culmination of years of planning, with President Marty Meehan of the UMass System emphasizing its potential impact on the city. He described it as the most important project for Lowell in the last two decades, noting the synergy created by integrating a world-class research university with industry.

The meeting also recognized the contributions of various individuals and organizations that have supported the project, including the UMass Board of Trustees and local development authorities. The administration expressed gratitude for the ongoing commitment from Governor Healey and Lieutenant Governor Driscoll, underscoring the project's significance for economic growth in the area.

As the project moves forward, it is expected to create new opportunities for local talent and strengthen the region's economic landscape, marking a pivotal moment for Lowell's development.