With the structure formalized, the Corporation filed an application with the MHTC to become chartered under Missouri statutes.
To gain approval for the project from the MHTC, additional funding would be required, and a new approach to road design and construction was needed to bring savings to the project.
presented an innovative proposal to the MHTC that included site-specific pavement design, a 15-year performance agreement to ensure quality and performance, and a pledge that the Corporation would seek a 0.
As a result, the 15-member Corporation submitted a proposal to the MHTC, proposing to fund a portion of the highway project through an increased sales tax, while hiring Koch Performance Roads Inc.
I welcome the opportunity to work with other board members to drive MHTC
programs to help ensure that Massachusetts attracts top talent and businesses, and maintains its status as a leader in the global technology economy.
IAN was developed over the past year in collaboration with MHTC members, including Textron, BAE Systems, and the University of Massachusetts; and partners like the Natick Solider Systems Center.
IAN is the centerpiece of the Council's efforts to create and implement a strategy to grow and enhance the New England technology cluster and to galvanize the region's political, industrial and academic assets," said MHTC President Christopher Anderson.
In order to build a strong base of innovators in the system, MHTC has waived the annual fee for the first 100 innovators to sign up for IAN.
In addition, the MHTC
plans to issue additional bonds totaling $300-$350 million annually from 2006 through 2009.
Over 20 years ago, the MHTC
began the "Two Percent Solution" contribution program that encourages corporations to dedicate a portion of their research and development budgets to education.