MIT and the Community
MIT is an integral part of its host city of Cambridge, a diverse and vibrant community noted for its intellectual life, history, and thriving business climate. With a campus nestled between the active Central and Kendall Squares, and across the Charles River from Boston's Innovation District, the Institute is in an optimal position to engage in collaborative endeavors with its neighbors and support the community.
MIT and Cambridge. The city’s approximately 105,000 residents, including more than 36,000 college and university students, rub shoulders within its 6.26 square miles. Cambridge is pedestrian and bicycle friendly, with 80 parks and playgrounds, six subway stations, a commuter rail line, 29 bus routes, multiple shuttles, 24 bike sharing stations, and numerous dedicated bicycle lanes, enabling visitors and students to get around the city and the MIT campus without a car.
Service to the community. Since its founding, MIT has maintained a commitment to serving the local community as a resource for education and technology and as a good neighbor. The Institute actively supports nonprofit organizations that address local challenges by providing financial resources, volunteer engagement, the use of MIT facilities, and representation on boards and committees.
Students, faculty, and staff at MIT are involved in a broad range of volunteer activities in the community. The Institute's Public Service Center provides programming, guidance, information, and support to those interested in public service, and serves as a resource for both MIT and the community-at-large.
Economic impact and innovation catalyst. MIT has a far-reaching impact on the economy of the region. The Institute is Cambridge's second largest employer and largest taxpayer, representing over 12% of the city’s revenue stream. MIT pays taxes on its commercial property and provides an annual payment in lieu of taxes (PILOT) for property that is used for academic purposes and is legally tax exempt. In fiscal year 2013, the Institute made a voluntary PILOT contribution of $2.2 million to the City of Cambridge and paid over $38.6 million in real estate taxes.
MIT is also a magnet for investment and fuels the innovation economy with the research, start-ups, and talent pool it generates. Kendall Square, at the eastern end of MIT's campus, is the seat of a growing innovation cluster in which MIT plays a catalyzing role, and the area has attracted offices of numerous life science and technology-related companies.
For more information about MIT and the community, visit http://ogcr.mit.edu.