People and Places: May 9, 2023
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![]() New ProgramsThis fall, the Debbie and Jerry Ivy College of Business at Iowa State University in Ames is launching a fully online track for its professional MBA program. Students can complete the self-paced part-time program in 24 to 30 months. They have the option of taking courses fully online or in a hybrid format in which they attend one class each week at the school’s location in Des Moines. The program, which does not require GMAT or GRE scores, admits students in the fall, spring, and summer. Grants and DonationsGeorge Mason University in Fairfax, Virginia, has announced a 50 million USD naming gift that will establish the Donald G. Costello School of business. The gift, made by the Donald G. Costello Trust, was unveiled at the launch of the university’s 1 billion USD comprehensive capital campaign. The planned gift establishes an endowment that will provide scholarships to undergraduate and graduate business students. Costello, who died in 2017, was co-founder of Century Stair Company. The school expects to officially adopt the new name later this year. The Smith School of Business at Queen’s University in Kingston, Ontario, Canada, has received a gift of 2.5 million CAN (1.87 million USD) from the Quinn Family Future Foundation to establish the Quinn Environmental, Social, and Governance (ESG) Professorship. Smith will use the gift to hire a scholar who will help develop an ESG curriculum that will enable the next generation of business leaders to understand climate change and sustainable development concepts. Donors Michael and Francisca Quinn have dedicated their careers to sustainable development; he is co-founder of RP Investment Advisors, and she is president of Quinn+Partners, a North American ESG advisory firm. The University of Rochester’s Simon Business School in New York has received 6.7 million USD from alumnus and trustee Evans Lam. It is part of a larger 15.7 million USD gift from Lam designed to expand resources for undergraduate students and address other needs at the university. Part of the gift earmarked for the Simon School will be used to develop the Lam e.Hub of Undergraduate Business Engagement, a new space that will give undergraduates greater access to Simon’s resources. Centers and FacilitiesLast month, the University of California Riverside held a groundbreaking ceremony for a new instructional and administrative building that will provide increased space and modern facilities for the School of Business. The 63,400-square-foot building will feature a large multipurpose room, two 80-seat classrooms, a 350-seat auditorium, a computer lab, staff offices, and group meeting rooms. It also will accommodate enhanced technology, such as a studio for recording podcasts, lectures, videos, and other media. The project is expected to be completed by fall 2024. Other NewsThe University of Southern California in Los Angeles has announced a 1 billion USD initiative that will integrate computing research and education across disciplines, with a focus on artificial intelligence, machine learning, data science, robotics, gaming, blockchain, and augmented and virtual reality. Seeded with a 260 million USD gift from the Lord Foundation of California, USC Frontiers of Computing encompasses the new USC School of Advanced Computing, which will be housed in a 116,000-square-foot facility that will formally open in fall of 2024. Over the next three years, the university plans to hire 30 new faculty members who are leaders in computer science and computing-based research, with additional faculty to be brought on board by 2030. The new faculty members will hold appointments in multiple schools at USC. According to Geoff Garrett, dean of the USC Marshall School of Business, the new initiative will enable the business school not only to “focus on the cutting-edge business applications of technologies like AI and blockchain, but also to understand and shape their consequences for society.” The Purdue Research Foundation and Purdue University in West Lafayette, Indiana, have formed Purdue Innovates, a system designed to streamline and strengthen the ecosystem that supports startup ventures associated with the university. Purdue Innovates will provide technology commercialization resources, such as intellectual property licensing and protection, as well as startup support resources, including programming and funding. If you have news of interest to share with the business education community, please send press releases, relevant images, or other information to AACSB Insights at [email protected]. |