Annual Reports
The following letter appears in our 2007 annual report which can be read here:
Dear Fellow Citizens,
When the Massachusetts Technology Collaborative (MTC) was created more than 25 years ago by the State Legislature, the economic challenges facing the Commonwealth were quite different from those we face today.
Back then, the focus was largely on finding ways to grow the minicomputer and defense electronics sectors in Massachusetts. MTC worked with leaders from government, industry and academia to identify the problems and take action, such as educating engineers in semiconductor design. That approach still works.
Fast forward 25 years and the challenges are different, but the way the agency meets those challenges is largely the same. MTC is strengthening the innovation economy by supporting and expanding economic clusters through our three major divisions: the John Adams Innovation Institute, e-Health & Life Sciences, and the Renewable Energy Trust. Several hot sectors we are working with today include marine science, medical devices, and solar and wind energy.
MTC uses its statutory flexibility and collaborative approach to enhance the climate for conducting business in Massachusetts. In addition to supporting cluster growth across the state, a new area of focus in 2007 was to help companies meet the growing demands of a global economy through international economic development, especially in China.
The MTC story in 2007 is filled with exciting projects and real economic results for Massachusetts. We appreciate your continued interest and support for our work.
The following letter appears in our 2006 annual report which can be read here:
Dear Fellow Citizens,
Looking back over the past year, it would be easy to pick out highlights from projects that MTC supported with funding, technical assistance, and other resources.
However, what is most exciting for the future of the Massachusetts economy is the increased engagement of policymakers in promoting cluster growth and attracting federal research funding to the Commonwealth.
The transition to the Patrick/Murray Administration also brought a clear focus on expanding the state’s burgeoning clean energy cluster. The Renewable Energy Trust has made significant investments in companies like Evergreen Solar, Nuvera Fuel Cells, and Ze-gen. The Trust has also assembled a team of business expansion experts and developed the ltools necessary to help clean energy companies from start-ups to established industry leaders and everything in between.
MTC’s John Adams Innovation Institute provided infusions of capital and expertise to help UMass win a $16 million grant from the National Science Foundation to create a center for hierarchical manufacturing in nanotechnology. Massachusetts is now well-positioned to compete aggressively for federal funds for collaborative research, which is the lifeblood of our innovation economy.
Based on this increased attention to cluster growth and strategic economic development, MTC is working with state leaders on the formation, retention, and expansion of technology-related enterprises in Massachusetts.
The following letter appears in our 2005 annual report which can be read here:
Dear Fellow Citizens:
A member of the Massachusetts Technology Collaborative (MTC) Board of Directors recently summed up the way the agency carries out its public mission in four words: “good work, done quietly.”
This year featured a wide variety of quiet success stories as the agency supported technology-based economic development in each region of the state. We worked behind the scenes to strengthen federal research grant proposals and attract new investments in university research centers. These efforts will stimulate job creation in the state’s innovation economy and enhance our quality of life by spurring breakthroughs in medical devices and life sciences.
In 2005, MTC also made important strides in renewable energy. We backed the development of emerging clean energy technologies and supported “green” schools, buildings, and homes throughout Massachusetts. We formed lasting partnerships and programs that delivered dozens of new clean energy installations. Working with the International Brotherhood of Electrical Workers (IBEW) Local 103, Boston’s first wind turbine was built along Interstate 93 in Dorchester.
The Massachusetts Technology Collaborative has long served as a catalyst for economic growth, working in partnership with the state’s premier industry leaders, universities, and officials at all levels of government. We appreciate your interest in MTC and the tremendous support we received in 2005 from every corner of the Commonwealth.
The following letter appears in the 2004 report on the Renewable Energy Trust which can be read here.
Dear Reader:
It is our pleasure to offer this report summarizing the results of the Renewable Energy Trust during the past five years and articulating the strategies that will lead Massachusetts to a cleaner energy future.
Changing the way Massachusetts generates and consumes electricity is something that requires creativity, collaboration and patience. It requires commitment and leadership from businesses as well as individuals in government, industry and academia. It requires taking calculated risks and investing public funds wisely where they can accomplish the most public good.
There has been great progress along the road to developing local clean energy resources, and of course, a few setbacks. No state in the nation has tapped the full potential clean energy can offer our economy and our environment, but no state is working harder at it than Massachusetts.
The results and strategies outlined in this report were born from collaboration among countless partners working together at the local, state and federal levels. Contributions by citizens across the state are leading the way toward a cleaner, more energy-efficient society that benefits us all.
On behalf of the Board of Directors and staff at the Massachusetts Technology Collaborative, we appreciate your continued support and interest in clean energy.
The following letter appears in our 2003 annual report, which can be read here.
Fiscal year 2003 was a year filled with new beginnings for the Massachusetts Technology Collaborative (MTC), as we launched major new initiatives designed to create jobs, grow the renewable energy sector and increase the generation of clean electricity.
The agency developed path-breaking programs to jump-start renewable energy projects with creative financing mechanisms that have not been attempted in any other state. The new projects, regional collaborations and competitive funding awards managed by MTC this year strengthen the Commonwealth's MTC promotes collaboration in policymaking, analysis and high tech economic development initiatives by assembling groups of skilled professionals from government, industry and academia to achieve results for Massachusetts.
Working in partnership with the Romney Administration, the State Legislature and our Board of Directors, we are making the critical connections that grow the high tech sector and transform the promise of renewable energy into reality for citizens of the Commonwealth.