Letters
LETTER: I-Cubed Program Would Bring $25 Million in State Funds to Town
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Through a state financing tool called the Infrastructure Investment Incentive Program, or “I-Cubed,” Watertown could see a total of $25 million of funding for improvements to public property surrounding the Arsenal on the Charles campus. Representatives from Watertown, the Massachusetts Department of Conservation and Recreation (DCR), and athenahealth are excited about their participation in the I-Cubed Program and the public-private partnership the Program creates between the Commonwealth, Watertown, DCR, and athenahealth. Here is how the Program works: The I-Cubed Program earmarks general state funds for local public infrastructure improvements surrounding an applicant’s site. Before state approval is final, an applicant must demonstrate that those public infrastructure improvements ultimately support the company’s job growth at the site, which in turn pays off those improvements. More than two years ago, the Patrick Administration granted preliminary approval for $25 million in state funding based on collaboration between representatives of Watertown, DCR, and athenahealth.
