Home
 
Latest News!
---------------------------------
Legal Help Desk For
Lynn Small Businesses

English Spanish
---------------------------------

SBA ANNOUNCES COVID-19 DISASTER RELIEF!

Read Press Release and Apply!

---------------------------------

Painting a Picture of Success

A presentation given by James Cowdell on March 4, 2020 to the Economic Development Planning Committee at the Lynn Chamber.

Download the presentation by clicking on the image below.

 
|-----------------------------------|
Lynn City Summary Report
click image to view report
 
|-----------------------------------|

2019 Massachusetts
Municipal Guide

View the guide below.
cover of the mass municipal guide 2019
QUICK LINKS | TRANSLATOR



VISIT THE CITY OF LYNN COVID-19 RESOURCE AND PRESS RELEASE PAGE


The City of Lynn is continuing to move forward with measures to help slow the spread of novel coronavirus (COVID-19) and lessen impacts on healthcare providers responding to this evolving situation. This page contains all of our Press Releases, Statements and Resources and will be updated as further information is posted


Watch This Video Regarding SBA Disaster Relief Loans


Jim Cowdell Joins The City of Lynn's Daily Covid-19 Update - June 10, 2020 (Play The Video)

Statement from Mayor Thomas M. McGee Regarding Economic Assistance Programs
Posted March 27, 2020 - 6:30 PM

Today, Congress approved and sent to the President for signature the Coronavirus Aid, Relief, and Economic Security Act. This bill was just approved by the Senate on Wednesday by the House Friday. This package will provide much needed relief to residents, small businesses and municipalities.

“While we are staying apart from our friends and family, we are all sticking together to prevent community spread. I know this crisis is causing people significant economic hardship.” said Mayor Thomas M. McGee. “I would like to thank our Federal delegation for reaching across the aisle and working in a bipartisan manner to expedite the federal stimulus bill and get dollars into the hands of those that sorely need it. Here are some important portions of the bill that will directly impact our residents and small businesses to hopefully address some of the economic challenges we are facing”:

Direct Payments to Working Americans
- Eligible households making below $75,000 (single) and ($150,000 married) will receive a payment of $1,200; plus an additional $500 payment per child,
- The value begins decreasing and then phases out completely for those making over the full payment income cap.

Unemployment insurance ($260 billion)
- Vastly expands who is eligible for unemployment insurance. Unemployment will include not only payroll workers, but contract workers, gig workers, self-employed small business owners, those who are furloughed and not necessarily laid off, and others who are generally not eligible for unemployment benefits.
- Full paycheck replacement ($600 increase for every American, on top of state unemployment)
- 13-week extension of benefits
- Federal incentives for states to waive "waiting weeks" and get money in people's pockets sooner

Small Business Rescue Plan ($377 billion)
- $350 billion in loan forgiveness grants to small businesses and non-profits to maintain existing workforce and help pay for other expenses like rent, utilities, etc
- $10 billion for SBA emergency grants up to $10,000 to provide immediate relief for small business operating costs
- $17 billion for SBA to cover 6 months of payments for small businesses with existing SBA loans

Housing and Homelessness
- $4 billion for Emergency Solutions Grants for homelessness assistance;
- $1.25 billion for the Housing Choice Voucher program;
- $1 billion for project based rental assistance;
- $685 million for public housing;
- $65 million for Housing for Persons with AIDS;
- $50 million for Section 202 Housing for the Elderly; and
- $15 million for Section 811 Housing for Persons with Disabilities.

I expect more information to be forthcoming in the upcoming days and weeks on how people and businesses can access those dollars. We will be updating information as we receive it on out web page at www.lynnma.gov and via our social media.
We are living in unprecedented times and I want to assure you that we will get through this together.

Please follow the City of Lynn website for more updates.


HISTORY OF SUCCESS- OCT. 2019 HISTORY OF SUCCESS- OCT. 2019 FOX 25 NEWS - MAY 2019
NECN Services
2019 REAL ESTATE MARKET "DISCOVER LYNN" PHANTOM AT ROSETTI'S
Viewpoints Arts Waterfront
LYNN VIEWPOINTS ARTS & CULTURAL DISTRICT WATERFRONT MASTER PLAN
 
 

The Downtown Lynn Cultural District has so much to offer! Check out this fantastic video created with Lynn Community Television featuring just a few of the people and places that make living and working in the District so great. Check out our new video here!

Thanks For Visiting The EDIC Lynn Website!
Thank you for stopping by and visiting our website. As we move forward with plans to shape the future of Lynn, it is with the realization that we are making history.

During the next decade, you will see development where power lines once stood. It is our ultimate goal to transform the waterfront into a bustling, pedestrian-friendly destination for residents and visitors alike.

Downtown Lynn is also going through a transformation of its own. More and more urban professionals and families are moving into state of the art lofts and shopping and dining in our business district. Despite the challenging economy, there has never been a better time to provide financing to the local businesses in this city. Since 1977, EDIC/Lynn has helped to strengthen Lynn’s economy by encouraging existing companies to expand or new businesses to relocate. New ventures are coming into the former J.B. Blood Building, expansion plans are occurring for Lynn Community Health Center, the Visiting Nurses Association and longstanding establishments are continuing to evolve and grow.

EDIC had a successful first season with Lynn’s first Commuter Ferry. Sponsored by State Senator Thomas McGee, this project is being funded by the Commonwealth.

It is a remarkable time to be living or working in Lynn- a time your children and grandchildren will one day be talking about. Be proud of Lynn, the City of Firsts, and be even prouder of our efforts to make it the city of the future.

Sincerely,

James M Cowdell, MBA
Executive Director