College Planning & Management

MAR 2013

College Planning & Management is the information resource for professionals serving the college and university market. Covering facilities, security, technology and business.

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PHOTO © UNIVERSITY OF ROCHESTER, BRANDON VICK PUTTING THE 'U' IN ENTREPRENEURSHIP ALL FOR THE GREATER GOOD. University of Rochester officials joined U.S. Representative Louise Slaughter (NY-28) to mark the opening of the Integrated Nanosystems Center (URnano), dedicated to researching and fabricating materials on a microscopic level. The new center will bring together experts in physics, optics, chemistry, biomedicine, and bioengineering to expand the research and technology commercialization of fuel cells, biosensors, and other high-tech devices important to industry, medicine, national security, and the economy. impact study. A 2012 study showed the University of Rochester is responsible for 47,000 jobs in its region, directly and indirectly. This reliance for job growth on universities is becoming a national trend. In 2005, headlines touted that the University of Georgia system was responsible for 2.8 percent of that state's entire workforce. Internal studies at Loyola University in Chicago said theUniversity generated nearly $1.04B in economic impact and created or sustained nearly 15,000 jobs in the Chicago area in 2004. Nine out of the top 100 companies in the state of Ohio are universities, which employ more than 70,000 workers, according to a 2012 study. Due to idea-based growth, many colleges and universities are expanding facilities, too. Rochester now has more than two dozen new construction, addition, renovation, or improvement projects in the pipeline with a price tag of close to $400M. These projects range from a $56M cancer center expansion to a nearly $100M College Town project that Rochester broke ground on in November. Officials say that College Town, 62 COLLEGE PLANNING & MANAGEMENT / MARCH 2013 a 16-acre mixed-use redevelopment project, will alone create 180 jobs over three years. The State of New York has awarded $10M to the University to help launch the Rochester Health Sciences Center for Computational Innovation, a $100M project that combines resources from the University of Rochester, IBM, and the state of New York. The Center for Governmental Research (CGR) estimates that when the Health Sciences Center achieves full capacity it will generate 880 new jobs and more than $49M in additional labor. "Bucking the trends observed by most fi rms and institutions during the recent national recession and subsequent slow recovery, the University has continued to add jobs and research capacity that position it for present and future impact locally, regionally, and nationally," says Joel Seligman, president of the University of Rochester. Adapting and Leading by Example There is irony in the fact that while newspaper headlines are littered with WWW.PLANNING 4EDUCATION.COM

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