Rendering of WIT’s new building
Boston – MassDevelopment has issued a $41.3 million tax-exempt bond on behalf of Wentworth Institute of Technology Inc. (WIT), a private, coeducational higher education institution in Boston. Wentworth is using bond proceeds to build a 78,000sf multipurpose academic building on Parker Street.
The building will house Wentworth’s new biological engineering program; its biomedical, civil engineering, and experiential learning programs; and its Accelerate, Wentworth Innovation + Entrepreneurship Center, which houses interdisciplinary extracurricular programs that aim to build innovative and entrepreneurial thinking; and science and manufacturing labs.
The building will also include a manufacturing lab with 3D printers, office space, and presentation and gathering areas for students, faculty, and staff.
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“The Commonwealth’s education sector is key to our economic vitality, and MassDevelopment is dedicated to improving the capacity of Massachusetts colleges and universities,” said MassDevelopment President and CEO Marty Jones. “We are pleased this bond will allow Wentworth Institute of Technology to improve its research, lab, and classroom space. Wentworth’s enhanced emphasis on manufacturing, a key economic-development priority of the Baker-Polito Administration and MassDevelopment, will help to meet the labor needs of this critical sector.”
