Funding
will be used to support the expansion of Revolving Test Kitchen initiative,
invest in small, local food-based businesses in Lawrence
Washington (December 11,
2020) – Senator Edward J. Markey (D-Mass.), along with Senator Elizabeth Warren
(D-Mass.) and Congresswoman Lori Trahan (MA-03), announced that the U.S.
Economic Development Administration (EDA) has awarded a federal grant of $600,000
to the Lawrence Partnership, a broad coalition of business and civic leaders.
This federal funding will be used to support the expansion of their Revolving
Test Kitchen (RTK) initiative, an incubator to invest in small, local
food-based businesses in Lawrence, Massachusetts. This expansion will allow for
the RTK to increase operations and serve up to a dozen food-based businesses in
Lawrence at once. The project was made possible by the regional planning
efforts led by the Merrimack Valley Planning Commission.
“The impact of the
coronavirus is hitting Lawrence disproportionately hard,” said Senator
Markey. “This federal funding will help mitigate the impact on businesses
by awarding funding, as well as the prospect of further job-creation, enhanced
neighborhood resilience, and overall economic development. I am proud to have
helped secure the federal funding with my colleagues and Lawrence officials
needed to support this vital initiative.”
“This
crisis is putting a ton of pressure on small business owners, their families,
and employees,” said Senator Warren. “This federal investment in the
expansion of the Revolving Test Kitchen (RTK) initiative will help jumpstart
small food-based businesses in Lawrence and help boost the local economy.”
“At a moment when
restaurants, caterers, bakers, food trucks, and other food businesses are
facing unprecedented challenges because of COVID-19, this funding could not be
more important,” said Congresswoman Trahan. “Combined with contributions
from local investors, this federal investment in the Revolving Test Kitchen’s
proven model will give more small businesses access to vital funding while also
creating 100 new jobs in the process. I’m proud to have partnered with Senator
Markey to support the awarding of this grant, and I look forward to our
continued work with Mayor Rivera, the Regional Planning Commission, and the
Lawrence Partnership to deliver for the city.”
“Thank you to Senators
Markey and Warren and Congresswoman Trahan for their continued dedication and
investment to entrepreneurship, especially in Lawrence,” said Mayor Daniel
Rivera. “This investment means opportunities for immigrant entrepreneurs,
making business ownership an attainable dream, while also feeding the Lawrence
economy. The Lawrence Revolving Test Kitchen has proved to be an asset to local
start-ups as it offers the space, training and tools to set businesses on a
path for success and the City has been proud to be a partner. Congratulations
to Lawrence Partnership, Inc. and thank you all for continuing to Make Lawrence
Better.”
“The Revolving Test
Kitchen has been a valuable program for business and community development over
the last three years and this additional investment will support the scaling of
the model as the needs of our food based businesses has never been greater,” said
Derek Mitchell, Executive Director, Lawrence Partnership. “We are grateful
for the collaboration leadership of so many partners—including our federal delegation,
Lupoli Co., NECC, and the City of Lawrence among others— to help realize this
vision.”
“The City of Lawrence is
a hub of food entrepreneurs and EDA’s investment in the Revolving Test Kitchen
will help micro enterprises and small businesses test their proof-of-concept
and succeed in their culinary ventures,” said Theresa Park, Executive
Director, Merrimack Valley Planning Commission.
“The Lawrence Revolving
Test Kitchen provides local food-based businesses with the space and business
training programs they need to succeed,” said Dana Gartzke, Performing the
Delegated Duties of the Assistant Secretary of Commerce for Economic
Development. “The expanded facility will serve a broad range of food-based
businesses and entrepreneurs throughout the region, and the project’s location
in an Opportunity Zone will attract additional, diverse investment to the
Merrimack Valley region.”
More information on the
EDA’s grant and investment process can be found
HERE.