In what will be the largest donation it has ever received, the University of the Fraser Valley (British Columbia, Canada) will take ownership in early 2013 of the former BMO Bank of Montreal branch building at historic Five Corners in downtown Chilliwack. The university will renovate and refurbish the facility to create UFV Plaza, a downtown education centre with a focus on programming related to business development and training.
From sources of funding to student engagement models, from the use of mobile technology to social media, multiple disruptive forces create surprises for administrators, frustrations for academics and bewilderment for students. Uncertainty threatens to incapacitate institutions as they choose for change to be thrust upon them, or attempt to avoid or ignore the strategic importance of the changes taking place around them.
More than eight in 10 administrators surveyed—mainly controllers/budget officers and CFOs—say they’re very or somewhat concerned about their institutions’ ability to fund future capital investments.
Finding funding for new technology investments in higher education can often seem overwhelming and stressful given the current economic environment. However, there are strategies available to support new technological initiatives. Administrators just need to do their homework and remain persistent to secure the funding needed to deploy these essential advancements.