 In
1994, the US departments of Housing and Urban Development (HUD)
and Health and Human Services (HHS) designated 66 "Enterprise
Communities" around the nation. Each one is receiving funding
and technical assistance for community development efforts including
business development, human services, job training and education.
The Keefe Company developed the strategy the City
of Lowell used in its successful application for designation
as an Enterprise Community, which has brought $3 million in federal
aid to the city.
In
2002, Lowell's status as an Enterprise Community helped win it
the additional designation as one of 40 new "Urban
Renewal Communities," making Lowell residents and businesses
eligible for a share of $17 billion in tax incentives to stimulate
job growth, promote economic development, and create affordable
housing.
|
