Return on Investment
Investment Today Yields Short- and Long-Term Growth
Next Generation Connecticut will create both construction jobs and sustainable long-term employment. This proposal will also leverage and maximize the State’s related investments in Bioscience CT, Jackson Labs, UCONN 2000/21st Century UConn, and the UConn Tech Park.
By 2024, Next Generation Connecticut will yield:
- $146 million per year in new research awards (118 percent increase);
- $285 million per year in new business activity in CT (118 percent increase) resulting from research at UConn;
- 2,190 new or 4,050 total permanent jobs;
- 30,000 total construction jobs through 2024.
|Research Awards (in Millions)
|Business Activity (in Millions)
Other states have made similar investments in STEM research, creating jobs and increasing their economies. In each state, positive outcomes have accrued; jobs have been created, with strong ROI. It is now our time and the University is prepared to join the ranks of the top STEM institutions and states in the country.
A Record of Success: Return on Previous Investments
The UCONN 2000 and 21st Century UConn investments are the major contributors to UConn’s growing reputation for academic excellence and its emergence as a leader in higher education in the Northeast, drawing top students from Connecticut and the rest of the nation. UConn’s rise during the past 16 years has been astounding, the result of strategic State support that was wisely invested in both facilities and infrastructure. Beginning in 1996, UConn’s
- Research awards increased by 119 percent;
- Undergraduate enrollment increased by 52 percent;
- Undergraduate STEM enrollment increased by 115 percent;
- Average freshman SAT scores increased by 113 points to 1226;
- Undergraduate degrees awarded per year increased by 75 percent;
- Graduate/professional degrees awarded per year increased by 40 percent.
Record numbers of applications from high-caliber students and support for student success resulted in UConn’s increase in national rankings from #38 to #21 among public universities, according to U.S. News & World Report. UConn currently enrolls 13 percent of Connecticut’s high school seniors and our fall 2012 class, once again, included the largest, most diverse, and most academically talented students ever admitted.
This further investment in STEM will result in dramatic increases in both STEM research and STEM graduates, in turn producing innovations and inventions that will directly contribute to sustainable economic growth for Connecticut.
To accommodate the additional faculty and staff and over 6,500 students, major capital investment is required. This investment includes new and renovated facilities for research and teaching labs, classrooms, academic support, dormitories, dining, parking, water, steam lines, information technology, equipment, and various infrastructure upgrades.
New STEM facilities will provide state of the art research space to accommodate a growing faculty, students and their research. To enable the University to recruit outstanding faculty and develop emerging interdisciplinary research collaborations, expansion of research space is necessary. This includes multi-disciplinary laboratories, centralized core facilities, and equipment. Funding of $760 million will construct approximately 750,000 gross square feet of space to meet the needs of 375 STEM faculty and their students. The University anticipates expanding the new Engineering & Science building as well as the addition of new science facilities and/or the expansion of existing buildings.
Other University initiatives include consolidation of programs and creation of new and renovated academic learning environments for various STEM and supporting initiatives, plus development of academic program space. A $50 million building will provide 80,000 gross square feet of new classroom space to support the expansion of the student population and introduce new learning technologies. $60 million will support other new buildings to replace out-dated facilities and provide additional academic program support areas to ensure student success, while $295.5 million will allow the University to repurpose existing space into teaching laboratories in the Gant and Torrey complexes.
The consistently high demand for on-campus housing at the University and the planned enrollment growth will require new dormitories. To enable the University to recruit high-achieving STEM students, $40 million will be utilized to convert existing housing into a STEM Living & Learning Community. In addition, to meet the housing demands of the expanded student body, two new dorms will be constructed and will provide another 800 beds.
The University expects to undertake, in consultation with local communities, improvements to its parking, public transportation, and roadways to accommodate the growth in student enrollment and faculty populations. This includes $93 million for centralizing parking through new structured facilities, relocation of existing parking lots, and various traffic improvements throughout campus.
$217 million in funding for infrastructure upgrades such as steam line replacement, sewer system upgrades in coordination with additional water supply, and various other underground utilities improvements such as power will be required to support the renovation of existing buildings and the development of new facilities.
$30 million is for acquisition of shared equipment such as the functional magnetic resonance imaging system (fMRI), Bio-safety laboratories, and additive manufacturing equipment that will enable faculty collaborations across diverse disciplines in STEM. $67.5 million is for startup equipment to recruit 200 new STEM faculty. Startup equipment can include advanced lasers, sensors, cell culture facilities, atomic force microscopes, polymer extruders, metals processing equipment, etc. This equipment will be critical in growing the capabilities of the faculty to compete for major research grants in emerging areas of manufacturing, materials, energy, biomedical technologies, information science and systems genomics. In addition, $50 million will be used for information technology data center and capacity upgrades.