FOR IMMEDIATE RELEASE

Lowell Small Business Assistance Center moves to 88 Middle Street

6/15/04 -- The Lowell Small Business Assistance Center has moved onto the Middlesex Community College campus 88 Middle Street in Lowell.  This represents a significant milestone in  the evolution, capabilities and financial stability of the Center.

"Like any non-profit, the Center leads a precarious existence subject to the vagaries of government grants, foundation and corporate largess.   Delivering great results  (and we have)  is no guarantee that we will continue to receive funding.  During the recent economic downturn we more than doubled the number of clients and services rendered while reducing our staff by 40% due to funding constraints. The expansion of MCC's commitment to the Center in the form of space and related costs considerably increases the financial stability of the Center going forward and our ability to serve our client base."  said Russ Smith, Executive Director of the Center.  "A formal opening is planned for late September.  Space in a rapidly going institution like Middlesex Community college is always at a premium.  We consider this a vote of confidence in the Center and its mission:" Smith said.

The Center, founded in December of 1998 is a partnership of Community Teamwork, Inc., the Lowell Division of Planning and development, and Middlesex Community College.  Its mission is to provide entrepreneurs from ethnically and economically diverse groups with the education, tools, and resources necessary to create sustain and expand small businesses.  Last year the Center started 49 small businesses, created 108 new jobs, and generated $11.3M in client sales.
 

For More Information Contact:

Russ Smith
Executive Director
Lowell Small Business Assistance Center
88 Middle Street, Lowell, MA 01852
Tel: 978-322-8400
Email: rsmith@comteam.org

Lowell Small Business Assistance Center - 88 Middle Street  2^nd Floor - Lowell, MA 01852 - Tel: 978-322-8400 - Fax:978-441-6824
                           © Copyright 2003 Lowell Small Business Assistance Center