Journal Article

The Lowell high-tech success story: what went wrong?

Abstract: Ten years ago Lowell, Massachusetts was a high-tech success story. After several decades of stagnation, the Lowell area had emerged as a thriving center for high-technology employment. The Lowell story was viewed as a \"model for reindustrialization\" for older cities throughout the world. In recent years Lowell has once again become the focus of international attention, this time as an example of a failed economic development strategy. Widespread layoffs and plant closings within its computer industry, particularly the collapse of Wang Laboratories, have dealt a crushing blow to the local economy. This article analyzes the boom and bust periods the Lowell economy experienced with high-technology employment, identifying what went wrong and what might have been done to mitigate the impacts of economic and industrial change.

Keywords: High technology industries; New England;

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: New England Economic Review

Publication Date: 1995

Issue: Mar

Pages: 57-70