The Institute contributes significantly to the state and local economy. In Cambridge alone, MIT-related companies have generated thousands of jobs and hundreds of millions of dollars in sales. MIT owns property in eight Massachusetts communities, paying taxes on its commercial property and offering payments in lieu of taxes for property that is legally tax-exempt.
Hockfield addresses Boston Chamber of Commerce
Susan Hockfield speaking before members of the Greater Boston Chamber of Commerce.
MIT is an economic powerhouse in Massachusetts and a driving force behind regional innovation -- but no university can go it alone, President Susan Hockfield told the Greater Boston Chamber of Commerce on Wednesday, Sept. 14, 2005.
Other not-for-profits, businesses and government all have roles to play in improving the quality of life in Massachusetts, the nation and the world, she told. . . [read more]
