NY Offers $140M To Spur University-Business Collaborations

The mission of the program is to make SUNY a leading catalyst for job growth throughout the state, strengthen the academic programs of the University Centers and demonstrate that New York is open for business.

Governor Andrew M. Cuomo and State University of New York (SUNY) Chancellor Dr. Nancy L. Zimpher today unveiled the NYSUNY 2020 Challenge Grant Program. Phase one of the program is worth up to $140 million to the SUNY University Centers in Albany, Binghamton, Buffalo and Stony Brook.

The NYSUNY 2020 Challenge Grant Program will initially consist of $35 million in capital funding per school ($20 million administered by Empire State Development Corporation and $15 million from SUNY’s construction fund) for the four SUNY University Centers.

The funding will be integrated with the Governor’s Regional Economic Development Councils and administered by ESDC. The approach will leverage private sector and other source funding to further the goals of job creation and economic development.

Full Story: http://www.governor.ny.gov/press/050211suny?utm_source=SSTI+Weekly+Digest&utm_campaign=c13ff154dd-Digest_for_the_Week_of_May_4_20115_5_2011&utm_medium=email