Mount Ida is proud to be the founding higher education sponsor of the N2 (n-squared) Corridor project, a public/private partnership to establish the N2 Corridor as a work-live-learn-play destination. Comprised of nearly 500 acres of commercial, educational, retail and recreational land along the Newton-Needham line, the N2 Innovation Corridor is home to some of the nation’s fastest growing and most well-known innovation companies.
In addition to $50,000 in support from the City of Newton, the Town of Needham, local businesses and non-profits, the U.S. Economic Development Administration (EDA) has awarded a matching grant to the Newton-Needham Chamber of Commerce to fund a year-long competitiveness study and create a marketing plan for the N2 Corridor as the Corridor enters a period of marked expansion and development.
“By partnering and promoting their shared assets, Newton and Needham are uniquely positioned to attract industry and drive development,” said Congressman Joseph Kennedy III, in announcing the federal grant. “This N2 Initiative grant will help leverage the Corridor’s strengths and capitalize on our rapidly expanding innovation sector as we continue our efforts to expand access to economic opportunity throughout our Commonwealth.”
“The N2 Corridor provides a singular advantage for our students at Mount Ida and for opportunities to be involved in innovation from the ground up,” says Barry Brown, President of Mount Ida College. “It is an investment not only in N2, but in our students’ lives and futures.”
“The N² Corridor is a great example of how municipalities and private partners can work together to more effectively advocate for the resources needed to finance projects based on holistic plans that will have a big impact on the area,” said Newton Mayor Setti Warren. “This grant will enable us to get the expertise needed to create the strongest, most effective plan to spur the economic development that will attract innovative companies, entrepreneurs, and high-paying jobs to Newton and Needham.”