November 17, 2021
LOWELL – Yesterday, the Baker-Polito Administration announced a new $2.3 million grant to Lowell-based composites manufacturer Specialty Materials, Inc., an award from the Commonwealth’s Massachusetts Manufacturing Innovation Initiative (M2I2). The award will support the expansion of Specialty’s production of its boron-based composite materials, materials widely used in aerospace, sporting goods, and industrial applications to strengthen products. The M2I2 grant will support a project that will nearly triple the size of the Specialty Material’s manufacturing capability, adding an additional 75 employees and $6 million per year of spending in Massachusetts.