Draper has secured approval to move forward with a $100 million microelectronics facility in Lowell, Massachusetts. The project is a component of the larger $800 million Lowell Innovation Network Corridor, aimed at advancing technology and economic development in the region.
The new facility is expected to create 150 jobs, with Draper planning to collaborate with UMass Lowell to help fill these positions. This partnership is intended to leverage local talent and strengthen ties between industry and academia.
The investment marks a significant step in expanding Lowell’s role as a hub for innovation and advanced manufacturing. The microelectronics facility is anticipated to contribute to the city’s economic growth and support the broader goals of the Innovation Network Corridor.
Further details about the timeline for construction or the specific microelectronics technologies to be developed at the site have not been disclosed.
