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The plan will invest $1.5 billion in UConn to support major expansions to three of its campuses. The work is expected to bring thousands of jobs and catalyze hundreds of millions of dollars in research investments and business activity, the governor’s office said.
“Connecticut used to lead the world when it came to innovation — we had more patents, more groundbreaking discoveries than anywhere else in the world. Somewhere along the way the world caught up. This is about to change,” Malloy said in a release from his office. “By targeting state resources to our flagship university, we ensure that our young people have the skills they need to fill the jobs we are so aggressively pursuing. Make no mistake, we are making Connecticut competitive again.”
“This initiative will prepare students for good paying jobs in the fields that we are working so hard to expand here in Connecticut – bioscience, engineering, digital media, and technology. The thousands of jobs this expansion will create, and the millions in investments and business activity it will generate will continue to make our state an attractive place to invest, work and do business."
The initiative has also been endorsed by more than 100 businesses in the state and includes:
? $137 million in state funds to support a 30 percent increase in enrollment to the Storrs and Stamford campuses, adding 6,580 students, and 259 staff members.
? A 47 percent expansion in the total number of Science, Technology, Engineering, and Mathematics graduates.
? The creation of 50 Science, Technology, Engineering, and Mathematics fellowships and the creation of the premier Science, Technology, Engineering, and Mathematics honors program in the country.
? Relocating the Hartford campus to improve accessibility and collaboration with businesses, and to provide better internships.
? $1.54 billion in bonding to construct facilities for Science, Technology, Engineering, and Mathematics facilities, build out labs, upgrade technology, and renovate and build additional housing and parking.
Find out more about the Next Generation Connecticut plan here.
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