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HomeMy WebLinkAbout2017-10-11 17-372 RESOLVETitle, Resolve CITY COUNCIL ACTION Council Meeting Date: 10/11/2017 Item No: 17-372 Responsible Dept: City Manager Requested Action: Resolve 10/11/2017 17-372 Map/Lot: N/A Supporting a Grant Application from Husson University to the Maine Technology Institute, Asset Fund, for $4 million to develop and Construct a New Business School at Husson University Summary This Resolve supports Husson University's application to the The Maine Technology Asset Fund for $4 million to support construction of a New Business School on the Bangor campus. In April 2016, Maine enacted LD 1053, "An Act to Authorize a General Fund Bond Issue to Stimulate Investment in Innovation Maine Businesses to Produce Nationally and Globally Competitive Products and Services." In June 2017, Maine voters supported a $45 million bond issue for investment in research, development, and commercialization in the State. Recently, Husson University announced plans to construct a new, state of the art, $16 million business school at its Bangor Campus. Additionally, Husson University was the recipient of a $4 million dollar challenge grant through the Alfond Foundation to build this new facility. One of the drivers of this initiative was a recognition by Husson leaders that the state is lacking a skilled workforce to meet the needs of employers. Husson has made a commitment to producing students who are job -ready and can meet the needs of area employers. Specifically, the Bangor City Council sees Husson University as an indispensable driver of economic growth in our city and beyond. The University is both agile and flexible; quickly adapting to meet the ever-changing needs of our students and the business community. Once completed, the College of Business building will provide the advanced infrastructure and technology needed for the next generation of Maine business leaders. An extremely well-run business, Husson University is critical to the future growth of Bangor and Maine's economy." Committee Action Committee: Business & Economic Development Committee Meeting Date: 09/19/2017 Action: Recommend for passage For: Against: Staff Comments & Approvals City Manager Introduced for: New Business a?�2 - City Solicitor Finance Director CITY OF BANGOR RESOLVE Date: 10/11/2017 Item No: 17-372 Assigned to Councilor: Nealley 10/11/2017 17-372 Supporting a Grant Application from Husson University to the Maine Technology Institute, Asset Fund, for $4 million to develop and Construct a New Business School at Husson University WHEREAS, the Bangor City Council sees Husson University as an indispensable driver of economic growth in our city and beyond. WHEREAS, The University is both agile and flexible; quickly adapting to meet the ever-changing needs of our students and the business community. WHEREAS, A new College of Business building located at Husson University will provide the advanced infrastructure and technology needed for the next generation of Maine business leaders. WHEREAS, An extremely well-run business, Husson University is critical to the future growth of Bangor and Maine's economy." Be it Resolved by the City Council of the City of Bangor that, The City supports a Husson University Grant Application to the Maine Technology Institute for $4 million to develop and construct a state of the art business school at Husson University. IN CITY COUNCIL OCTOBER 11, 2017 CR 17-372 MOTION MADE AND SECONDED FOR PASSAGE PASSED �.J X►d�aa�.,.1� CITY CLERK