Draper Secures $25 Million for New Advanced Technology Center
Draper Receives Significant Funding for Advanced Technology Center
Massachusetts Governor Maura Healey recently made a remarkable announcement regarding a financial boost for Draper's newest venture. Up to $25 million in state and local funding has been allocated to aid in the construction of the Integrated Microelectronics Production & Advanced Chip Technology (IMPACT) Center. This initiative aims to significantly enhance the defense sector's capabilities in the region.
The IMPACT Center: A Vision for the Future
Located in the Lowell Innovation Network Corridor, the IMPACT Center will encompass 75,000 square feet dedicated to advanced microelectronics design, production, and packaging. By providing state-of-the-art technology to Draper’s customers in the U.S. Military, Aerospace, and other government sectors, this facility promises to deliver enhanced capabilities that will be crucial for national security.
Creating Jobs and Opportunities
The development of the IMPACT Center is set to generate over 150 highly skilled jobs in the area. These positions will include technicians, advanced-degree engineers, and business executives—essentially a highly trained workforce ready to meet the demands of a growing defense industry. Governor Healey expressed pride in Massachusetts' legacy of defense innovation, emphasizing the role the IMPACT Center will play in creating good jobs and advancing the state's economy.
Commitment to National Defense
Dr. Jerry Wohletz, President and CEO of Draper, highlighted the center's significance in expanding on-shore microelectronics production capabilities. This expansion aligns with Governor Healey's commitment to the nation’s defense needs, paving the way for new advancements geared towards military applications.
Partnership for Progress
The IMPACT Center represents a pivotal partnership involving Draper, the University of Massachusetts Lowell (UML), the University of Massachusetts Building Authority, the City of Lowell, and the Commonwealth. This collaboration is aimed at not only boosting national security but also driving substantial economic growth within Massachusetts.
Support for Education and Innovation
As part of their commitment, Draper plans to contribute up to $10 million in programming and educational resources to UML over the next ten years. This investment underscores the importance of education in fostering the next generation of innovators in the field of microelectronics and technology.
Building the Future in Lowell
Earlier this year, Draper established its newest corporate campus at UML, serving as an anchor tenant in the Lowell Innovation Network Corridor. This massive 1.2 million square foot mixed-use development is designed to cultivate a flourishing innovation ecosystem, transforming the local economy and positioning the city as a hub for technological advancement.
About Draper
Draper is a non-profit research, development, and manufacturing organization that tackles some of the country's most significant challenges. With a workforce of over 2,500 employees across a dozen locations, Draper is dedicated to providing mission-driven solutions that meet clients' specific demands. The organization's focus lies in four critical areas: Strategic Systems, Space Systems, Electronic Systems, and Biotechnology Systems.
To continue fostering innovation, Draper supports initiatives such as the Draper Scholars program, aimed at inspiring young minds, and DraperSPARX™, which collaborates with startups and small businesses. With a commitment to excellence and innovation, Draper is poised for a bright future.
Frequently Asked Questions
What is the purpose of the IMPACT Center?
The IMPACT Center aims to focus on advanced microelectronics design and production, enhancing capabilities for military and government applications.
How many jobs will the IMPACT Center create?
It is estimated that the IMPACT Center will create over 150 job opportunities, including roles for technicians and engineers.
Who is involved in the development of the IMPACT Center?
The project involves a partnership between Draper, the University of Massachusetts Lowell, and various governmental entities.
What is Draper's broader mission?
Draper focuses on providing transformative solutions in critical mission areas such as strategic systems, space systems, electronic systems, and biotechnology.
How is Draper contributing to education?
Draper plans to invest up to $10 million in educational programs at UML over the next decade, supporting local workforce development.
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