The Healey-Driscoll Administration, alongside local partners, announced a significant economic development project in Lowell during a recent meeting. This initiative aims to enhance the city’s infrastructure and create new housing opportunities, reflecting a collaborative effort to boost the local economy.

Key discussions highlighted the commitment to developing 500 new housing units, with an additional 100 affordable homeownership opportunities being pursued by the city council. This expansion is designed to support the growing community and improve accessibility in the area. The administration emphasized the importance of local partnerships, particularly with UMass Lowell, to drive innovation and economic growth.

A notable aspect of the meeting was the involvement of Draper, a leading organization that recently expressed interest in expanding its presence in Massachusetts. The company’s leadership team visited Lowell to explore opportunities, indicating a strong commitment to growth in the region. Draper plans to double its workforce, currently at 2,400 employees, as part of this expansion.

Governor Healey and Lieutenant Governor Driscoll praised the collaborative efforts that have led to this project, underscoring the significance of teamwork between government, educational institutions, and private enterprises. They expressed gratitude for the support from local leaders and the community, emphasizing that this initiative is not only beneficial for Lowell but also for the broader state and national economy.

The meeting concluded with an invitation for questions, reflecting the administration's openness to dialogue and further engagement with stakeholders as the project progresses. Overall, this economic development project represents a pivotal step towards revitalizing Lowell and fostering sustainable growth in the region.