For Immediate Release - April 08, 2016

Federal, State, and Local Leaders Discuss Progress on Economic Development in Lynn

Leadership Economic Advancement and Development (LEAD) Team of Congressman Moulton, Secretary of Housing and Economic Development Jay Ash, Secretary of Energy and Environmental Affairs Matthew Beaton, Secretary of Transportation Stephanie Pollack, Mayor F

Lynn – Friday, April 8, 2016 – Today the Lynn Economic Advancement and Development (LEAD) team, made up of Congressman Seth Moulton (D-MA), Secretary of Housing and Economic Development Jay Ash, Secretary of Energy and Environmental Affairs Matthew Beaton, Secretary of Transportation Stephanie Pollack, Mayor Flanagan Kennedy, Senator McGee, Representatives Ehrlich, Wong and Crighton, and key local stakeholders, held their first quarterly meeting in Lynn to discuss ongoing economic development projects in the city and map out future plans for growth and job creation.

“When you consider the factors that drive economic development and community revitalization, Lynn has them all,” said Moulton. “From its location and transportation links to Boston, to its waterfront spaces and hardworking community, Lynn has enormous potential. This type of collaboration is something I talked about since day one of my campaign and it began as a pretty straightforward, yet ambitious idea to bring everyone to the table. I’m proud of the work that we’ve done together to turn this idea into action. After the LEAD meeting today, I am even more hopeful about our collective approach. With aligned federal, state, and local efforts, we can ensure that Lynn has the resources it needs to attract high-paying jobs, create more affordable housing, and generate opportunities for an even stronger Lynn."

The LEAD team was launched in November 2015 as a cross-governmental working group aimed at promoting community revitalization in Lynn by aligning economic development initiatives at the local, state, and federal levels. Designees meet monthly to review projects and progress, and core team members meet quarterly.

“The LEAD team’s early successes have much to do with the years of work by municipal and legislative leaders. Their commitment to the City has allowed the Team to bring multiple sites closer to market, get developers at the table, and coordinate a long-term economic development plan in short order.” said Secretary Ash. “We will continue to help align and use a diverse set of supportive programs that leverage Lynn’s strong economic and community assets to bring development and job creation to the City. There are incredible opportunities here, and I look forward to continued work with the LEAD team to identify and expedite potential development.”

"It's great to have the LEAD Team members back together in Lynn today to discuss the progress our collaborative effort has made thus far in moving the future opportunities on the waterfront forward, said Senator Thomas M. McGee. "The groundwork has been laid for many years to get us to this point, and I want to thank my partners in the Lynn State Delegation past and present, Representative Brendan Crighton, Representative Lori Ehrlich, and Representative Donald Wong, for their partnership in those efforts."

The group, by putting aside political interest, has been able to expedite progress on economic development priorities in the City at a far faster rate than any party would be able to accomplish alone. Current projects include a potential $90 million, 348-unit, mixed-use development at the former Beacon Chevrolet site, also known as the North Harbor site, as well as a potential 1200-unit housing development on a former GE Riverworks site, and a 250-unit luxury apartment building at the South Harbor site on the Lynnway.

"We are appreciative for the support of our LEAD Team partners as we advance development projects that we have identified as priorities in the City,” said Lynn Mayor Judith Flanagan Kennedy.

“In a short period of time we have made great progress. I am looking forward to moving our great City forward” said Jim Cowdell, Executive Director of the Economic Development & Industrial Corporation of Lynn.

Since its launch, the LEAD team has worked to coordinate community planning efforts, and enable expedited permitting and development on underutilized real estate parcels.