On Wednesday, September 19, Congresswoman Niki Tsongas addressed the MassDevelopment Economic Development Conference in Lawrence, discussing federal economic development initiatives and resources that have and can impact projects in the region.
"There are projects going on right here in the Fifth District that demonstrate a successful union between supporting economic development,protecting the environment and preserving our history and traditions," Tsongas said. "Effective projects begin with collaboration. Open communication allows for federal, state and local resources to work together, producing an economical and efficient roadmap for development projects. Massachusetts sites that sparked America's Industrial Revolution are now being retooled to create sustainable neighborhoods and workspaces for ourselves and for the next generation."
Two projects that have benefited from federal economic development resources are the Hamilton Canal District development in Lowell and the Lawrence Union Crossing Project.
Congresswoman Tsongas recently attended a ribbon-cutting for the Hamilton Canal Bridge, which received a $2 million Economic Development Agency grant. The opening of the bridge is the most recent completed project in the redevelopment of Lowell's Hamilton Canal District, a project that has utilized federal resources to create nearly two million square feet for commercial, retail, and housing space, as well as hundreds of new jobs and an estimated $400 million in tax revenue for the City.
Federal resources were also utilized in the development of Lawrence's Union Crossing, which recently opened. This project transformed a former textile mill along the Merrimack River into a mixed-use development that included family and workforce housing, commercial space and community facilities. Union Crossing has created an effective and innovative model for investing in older urban centers that combines best practices in both historic preservation and green building design to create a new neighborhood that is equitable, affordable and sustainable.
The Economic Development Conference was held at Salvatore's Conference Center in Lawrence and was attended by local, state and federal public officials, stakeholders and economic development professionals