Draper Laboratory unveils $3.7B initiative creating 2000 jobs in Lowell's tech sector

The Healey-Driscoll Administration, alongside key partners, has announced a significant economic development project in Lowell that promises to reshape the local landscape. This initiative is set to generate an estimated $3.7 billion in economic activity and create 2,000 permanent jobs over the next decade, providing opportunities for residents at all levels, from entry-level positions to corporate executives.

At the heart of this project is the establishment of LINC, a hub for research and development that will not only foster innovation but also contribute to the construction of hundreds of new housing units. This development is seen as a vital step in accelerating the ongoing revitalization of Lowell, ensuring that both current and future generations can benefit from the economic growth it will bring.

Governor Maura Healey emphasized the importance of collaboration among federal, state, and local governments, as well as private and educational sectors, in making this initiative possible. She expressed pride in securing federal support to enhance the project, highlighting its potential to improve the quality of life for Lowell residents.

Draper President and CEO Jerry Wolowitz also spoke at the announcement, detailing Draper's long-standing commitment to innovation and its role in the Apollo program. He noted that the partnership between government, academia, and industry is crucial for addressing complex challenges and preparing the next generation of engineers and scientists.

This project not only aims to boost the local economy but also to create a vibrant community where families can thrive. As the Healey-Driscoll Administration moves forward with this initiative, the focus remains on ensuring that Lowell becomes an even better place to live, work, and learn. The collaboration among various stakeholders is a testament to the shared vision of a prosperous future for the city and its residents.