SU School of management gets $3M for new building

CNY Business Journal (1996+), Mar 15, 2002

SYRACUSE - Syracuse University is getting $3 million in state funding to construct a new building for the School of Management. The funding will cover the architecture, engineering, and design costs of the new 150,000-square-foot structure. Construction is scheduled to begin in the spring of 2003, with occupancy planned for the fall of 2004.

Total project cost is $36.2 million. The school has already raised $17 million in pledges from outside sources and, according to a recent release, the university will be making a sizable commitment. The Manhattan-based architectural firm Fox & Fowle Architects, PC is designing the project.

The new building will include 23 state-of-the-art classrooms, 20 undergraduate and 20 graduate breakout rooms, a 200-seat amphitheater, an Investment Research lab, incubator startup business space, a 9,000-square-foot Executive Education Center, a Research and Themes Center, improved visitors' and career centers, and faculty seminar rooms and offices.

Founded in 1919 - when it was one of only 40 collegiate business schools in the nation - the school moved into its current site in 1982. It has 1,350 students and more than 30,000 alumni. According to the school, some 4,000 of those alumni live and work in Central New York.

Gary Lim, managing director of the school's Program in Entrepreneurship and Emerging Enterprises, says that the new building opens opportunities for classes that the current space does not allow. "It will give us a lot more flexibility in classroom space," he says. Lim adds that the new building, to be built on the comer of Marshall Street and University Avenue, will allow more chances for executive-education programs.

The school currently offers a limited number of executive-education classes providing nondegree work which can offer local business leaders skills other than what they might learn in a for-credit program.

Along with those programs the school has, or is planning, other links with the local business community, including:

* Export NY: The School of Management, joining Niagara Mohawk and local and state economic-development agencies, is committed to providing year long training sessions to Central New York businesses interested in expanding or enhancing their export businesses.

* The school's Entrepreneurial Management Program that works closely with the Center for Applied Software Engineering (CASE), the university's high-tech incubator.

* Business Plan Competition: The school sponsors an annual business-plan competition to encourage promising students to develop new businesses in Central New York.

* Privatization: The school's Entrepreneurial Management Program is prepared, the school says, to provide support to privatize certain government enterprises.

* Consulting: The school's academic programs, faculty members, and student organizations work directly with local businesses to assist them in improving their business practices.