Cuomo Pledges $35 Million to Campuses with Job Creation Plan
Stony Brook University has become the first of the four major State University of New York campuses to submit a job creation plan to Governor of New York Andrew M. Cuomo in return for a commitment of $35 million in capital funds.
The plan to build a new cancer care and research building at Stony Brook University was submitted in response to Governor Cuomo’s “NY SUNY 2020 Challenge Grant”. The $35 million will be allocated to Stony Brook University through Governor Cuomo’s Empire State Development Corporation and the State University of New York’s construction fund to the tune of $20 million and $15 million respectively.
Construction of the 250,000-square-foot medical research facility is expected to create 4,200 construction related jobs, according to Stony Brook officials. As a part of the plan, the facility is also expected to hire an additional 245 faculty members and 80 medical professionals.
While the plan is likely to achieve the goals of expanded research and economic development, Dr. Stanley is particularly excited about opening the school to more students.
“Most importantly, it’s about increasing access to a quality education at Stony Brook. Students will be able to get the classes they need to graduate on time and we will be able to open our doors to 1,500 more students over the five-year period of the plan”, he said.