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Area universities look to academic programs, local industry for new revenue streams

With endowments down, budgets growing tighter and alumni giving less, the region’s universities increasingly are turning to businesses to form academic partnerships in hopes of tapping new revenue sources.

Some institutions are forging into uncharted territory with new non-degree programs and expanded customized education programs designed for employees at some of the region’s biggest employers. Others are partnering with companies to design classes for undergraduates in order to create a skilled pool of potential hires down the line.

By Catherine Ho and Steven Overly

Full Story: http://www.washingtonpost.com/business/capitalbusiness/area-universities-look-to-academic-programs-local-industry-for-new-revenue-streams/2011/09/07/gIQAs1aqKK_story.html

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