MCC and NECC's Economic Impact
Contributors to Economic Vitality
Middlesex and Northern Essex have an enormous impact on the area's economy, employing thousands of area residents and purchasing goods and services from area businesses. They also play active roles in the continued revitalization of Lowell and Lawrence by transforming older, vacant buildings into state-of-the art centers of higher learning.
Significant Income Generators
A recent economic study showed that the colleges generated more than $112 million dollars in revenue, more than half of which came from sources other than state and local government appropriations. When your education and training dollars are spent locally, they can have a direct and positive impact on local residents and local businesses.
Federal Skills Training Grants Recipients
Middlesex and Northern Essex and other Massachusetts community colleges recently received a $20 million grant from the U.S. Department of Labor to provide skills training to the unemployed, especially those whose jobs have moved overseas. The grant focuses on developing new programs and expanding existing programs in industries such as life sciences & biotechnology, information technology, health care, advanced manufacturing, financial services & entrepreneurship, and clean energy. The colleges also participate in other substantial federal grant initiatives.