Over a quarter of the employees in Lowell, Massachusetts are working in the service industry. Manufacturing, trade, transportation, healthcare, tourism, government, research and electronics are other significant employment sectors. In addition, Lowell has a diversified industrial sector and a large number of small businesses.
Jobs are provided by businesses producing items such as textile machinery, textiles, yarns and threads, wire and cable, computer hardware and software; and electronic publishing and printing. The city is also home to notable companies such as Raytheon, Coca-Cola, M/A Com, Textron and NYNEX.
The state's Workforce Training Fund offers resources for Massachusetts companies to train or retrain existing and new workers. The UMass-Lowell participates in Lowell's economic development plan by giving technical assistance to companies that are in need of engineering support.
Lowell's top private-sector employers are:
- Lowell General Hospital
- Saints Medical Center
- University of MA Lowell
- M/A COM Technology Solutions
- Medoulas Market Basket
- Motorola Inc
- Middlesex Community College
- D'Youville Senior Care Center
- JP Morgan
- Parexel Consulting
- Siemens Water Technologies Corp
- Lowell Community Health Center
- Trinity EMS
- Lowell Sun
- Enterprise Bank & Trust
- Sterling Commerce
- DS Graphics
- Litle & Co
- Microsemi Corp
Some of the occupations more prevalent in Lowell than most other cities are computer hardware engineers, biomedical engineers, electrical engineers, electrical and electronic equipment assemblers; computer software engineers, systems software; electrical and electronic engineering technicians; and environmental engineers.
Notable data about Lowell Massachusetts: In 2008 the cost of living index was at 124.5 which is higher than the national average of 100. Approximately 18% of the adult population has a bachelor's degree or better. In 2007 the estimated median household income in Lowell was $47,000.
Helpful organizations offering to work with local businesses include:
- Greater Lowell Chamber of Commerce
- Lowell Development and Financial Corporation
- Lowell Small Business Assistance Center
- Massachusetts Economic Development Council
- MassEcon: Massachusetts Alliance for Economic Development
Lowell Sun Online is a good resource for keeping up-to-date regarding Lowell business and industry news.