Downtown Venture Fund
A vibrant downtown thriving in association with robust neighborhoods is a formula for desirable urban life. This fund is an example of Lowell’s community leaders being intentional and pro-active, seeking to shape development. The incentive loan program was launched by the LDFC in collaboration with the City of Lowell, nine lending institutions, and the Life Initiative. The goal is to stimulate downtown retail and restaurant growth. Entrepreneurs use the capital to start businesses that are value-added improvements to the central commercial district. Businesses aided by the fund cover the spectrum of activity, from restaurants and galleries to retail shops and professional services.