I joined Massachusetts Secretary of Housing and Economic Development Greg Bialecki, Waltham Mayor Jeanette McCarthy, and several Verizon executives for an important event at thier Waltham campus that is sure to benefit our local innovation ecosystem for years to come.
The global telecom giant broke ground on a new Technology Innovation Center, which will be a catalyst for development of new and innovative devices and services that connect people, places and things using next-generation wireline and wireless technology. The new Waltham facility, focused on 4G Long Term Evolution (LTE) wireless networks, will build upon the history of the existing Verizon Technology Campus in Waltham where dynamic research and testing that has influenced the daily lives of Americans has been taking place since the 1940s.
Verizon Northeast President Donna Cupelo hosted the event and Dick Lynch, executive vice president and chief technology officer, was the featured speaker. Lynch announced the new building will house more than 300 employees, another sign that Massachusetts is becoming a hotbed for global companies looking to do cutting edge technology research.
Verizon joins Google, Microsoft, IBM, Cisco and others in establishing significant R&D facilities in Massachusetts.
I thanked Cupelo and Lynch for their commitment to Massachusetts, noting that the new lab would be a first step towards recognizing our recently unveiled MassTLC 2020 Challenge -- challenging the state's tech sector to create 100,000 jobs over the next decade by "thinking big and playing big." The Challenge has received enthusiastic support from both public and private sector leaders.