Dracut adopts aggressive strategy to build business

imgresBy Todd Feathers | Lowell Sun 

After years of agonizing about the town’s small commercial tax base and grasping sporadically for prospective businesses, Dracut is now working with a research-driven economic-development strategy.

Its creators hope it help usher in a steady stream of new businesses, jobs and tax dollars.

Many of the familiar problems still exist. The town hasn’t moved any closer to interstates 93 or 495, or been able to persuade Verizon to install fiber optic cables like the ones that provide high-speed internet to neighboring towns.

But the community has quite a bit going for it, both in terms of local characteristics and larger, economic factors, according to the 100-page economic-development strategy document released last week.

“Most people don’t know where Dracut is and what its real assets are,” said Barry Bluestone, director of Northeastern University’s Dukakis Center for Urban and Regional Policy.

Read the full article here.

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