Cuomo Pledges $35 Million to Campuses with Job Creation Plan

.

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.


Latest News

Apigee Becomes the Second Tech Company for Silicon Valley to go Public this Year
Massive Crane Begins its First lift Helping to Build the Tappan Zee Bridge
Shares of Facebook Drop as the Social Networking Company Fails to Match Expectat
First Quarter Profits of Discover Financial Services Drops but Surpasses Analyst
Amgen Inc. Announced First Quarter Earnings that Beat Analysts’ Expectations and
Magnificent, Perfect100-carat Diamond Sells for $22Millon in Sotheby’s Jewelry A
Kraft Revamping Its Iconic Macaroni and Cheese Meal by Removing Synthetic Colour
San Juan Capistrano’s Tiered Rates for Water-Use Thrown Out by Appeals Court
Morgan Stanley Announces Better than Expected First Quarter Profits
Bombardier Aerospace secures contract from Air Niugini
Blue Cross and Blue Shield of Alabama and Alfa Insurance Are Expanding their Par
Diners Club