In June 2019, The Boston Business Journal hosted a panel discussion titled “Leveraging Business Power in Lowell,” featuring insights from city officials, entrepreneurs, and business leaders. The conversation highlighted Lowell’s supportive environment for startups and established companies alike.
City Manager Eileen Donoghue emphasized the strong partnership between the city and the University of Massachusetts Lowell, which has been instrumental in fostering business growth. She noted that the city has actively supported startups, helping them transition from incubator spaces to permanent locations within Lowell. Additionally, the city’s efforts to attract large employers, such as Kronos, have resulted in significant investments and job creation.
Entrepreneurs Rajia Abdelaziz and Ray Hamilton, co-founders of invisaWear, shared their experiences of launching and growing their startup in Lowell. They highlighted the comprehensive support system available, including accelerators, mentorship networks, and financial assistance from organizations like the Lowell Development Financial Corporation (LDFC).
The panel also discussed the importance of community spaces like Lowell Makes, which provide artisans, entrepreneurs, and hobbyists with access to tools, technology, and collaborative opportunities. These resources are vital in nurturing innovation and supporting the city’s creative and economic landscape.
Overall, the discussion underscored Lowell’s commitment to creating a business-friendly environment that leverages educational partnerships, city support, and community resources to drive economic growth and innovation.