News Summary
Le Moyne College has introduced the Madden Corporate Partnership Program (MCPP) to connect with local businesses, initially partnering with M&T Bank. This program will allow eligible M&T employees to enroll in selected academic programs, enhancing their educational opportunities. Events in the region, including the WISE Women’s Business Center’s anniversary and the economic impact study of Upstate Medical University, highlight the engagement between academia and the corporate sector, aimed at boosting local community development and workforce readiness.
Syracuse, NY – Le Moyne College has launched the Madden Corporate Partnership Program (MCPP), a new initiative designed to connect the college with the business community and enhance educational opportunities for employees of partnering organizations. M&T Bank, a well-known financial institution listed on the New York Stock Exchange as MTB, has been announced as the inaugural corporate partner in this program.
The MCPP will allow eligible employees of M&T Bank to enroll in selected academic programs at Le Moyne College, fostering collaboration between the institution and the corporate sector in Central New York. This initiative aims to bridge the gap between academia and the workforce, ensuring that employees receive relevant education that will aid their professional development.
In a related community-focused event, the WISE Women’s Business Center celebrated its 20th anniversary with an Economic Impact Forum at the Whitman School on Syracuse University’s campus. The forum acknowledged the contributions of women entrepreneurs and featured an awards ceremony honoring their achievements. During the event, a report titled, “State of Women Business Owners in Central New York,” was launched, shedding light on the entrepreneurial landscape for women in the region.
Additionally, the economic impact of Upstate Medical University has been highlighted in a recently commissioned study, indicating a nearly doubled contribution to the local economy over the past 16 years, now reaching approximately $3.2 billion. Even with inflation accounted for, this figure represents a 50% increase since 2008. While Upstate’s economic influence is substantial, researchers, like Paul Umbach, have urged the institution to extend its impact toward impoverished neighborhoods surrounding the medical center.
Currently, $1 billion of Upstate’s economic contribution remains within the city limits of Syracuse, while an additional $2.2 billion enriches surrounding communities in the Onondaga County suburbs. Nearly 11,500 individuals are directly employed by Upstate, which also supports approximately 9,000 jobs throughout the state. However, only 3,500 of Upstate’s employees work within Syracuse, prompting discussions about the possibility of developing employee housing to retain more staff in the city.
Research funding is highlighted as a crucial component for potential growth and job creation, with Upstate investing $54.8 million in research last year, an increase from $35.2 million in 2020. One initiative contributing to this growth is the Central New York Biotech Accelerator, designed to bolster economic development in the region.
Moreover, Maureen Melville has been appointed as the inaugural director of the Center for Business Excellence and Transformation (CBET) at SUNY Oswego. The CBET aims to bridge the gap between academic learning and real-world success, focusing on fostering business excellence and creating sustainable impacts through partnerships and co-curricular programming. With a strong background in building strategic partnerships and mentoring students toward career readiness, Melville is set to lead impactful initiatives within the community.
The CBET is supported through funding from various sources, including the National Science Foundation, Empire State Development, and generous alumni donations, signifying a collaborative effort to enhance educational and professional opportunities within the region.
The initiation of the MCPP and the advancements at Upstate Medical University and SUNY Oswego represent significant commitments to the economic and educational advancement of Central New York, showcasing a robust interrelationship between academia and the corporate sector. These initiatives aim to empower local communities and develop a skilled workforce prepared for the demands of today’s and tomorrow’s markets.
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Additional Resources
- CNY Central: WISE Women’s Business Center Honors Local Women Entrepreneurs
- Wikipedia: Women Entrepreneurs
- Syracuse.com: Micron Impact on Syracuse Area
- Google Search: Micron Syracuse
- Syracuse.com: Maureen Melville Leads New SUNY Oswego Center
- Google Scholar: Maureen Melville
- CNY Central: Metallica Concert Economic Impact
- Encyclopedia Britannica: Syracuse
- CNY Business Journal: Upstate Medical University Economic Contribution
- Google News: Upstate Medical University Economic Impact
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