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University unveils new School of Business building

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by Lauren Mineau



The University at Albany cut the ribbon on its state-of-the art $64 million school of business building on Monday, Aug. 19.

The new school, located at the University’s entry plaza near Colonial quad will feature a new major, digital forensics, which combines the efforts of five colleges, the School of Business, the School of Criminal Justice, the Rockefeller, the College of Arts and Sciences and the College of Computing and Information. Students may be accepted into the digital forensics program starting in fall 2014. Much of their work will include include analyzing and recovery information from digital devices, including computers, smartphones, mp3 players and digital cameras and keeping up in an increasingly digital era.

Until then, the 96,000 square foot school features technologically advanced classrooms and meeting spaces, breakout rooms for team projects, expanded facilities for career services, student reception areas, a cafe, cyber-security, and institutional investment management, and additional graduate assistant work space. It also houses a trading room on the first floor equipped with Bloomberg terminals.

The building received $54 million in support from the 2008-09 New York State budget. UAlbany has also raised more than $8 million in private support for the new building, well on its way to its goal of $9.75 million.

“The new building provides our students and faculty with a stimulating, world-class learning environment that promotes innovation, networking and the sharing of ideas and resources. It will place our School of Business within the top tier of business schools in the nation,” said President Robert Jones.

“I applaud Governor Cuomo, Chairman McCall, Chancellor Nancy Zimpher, Senators Hugh Farley and Neil Breslin, and all the members of the New York State Legislature for their support,” said Jones. “I commend our business school Dean Donald Siegel for his tireless dedication in bringing this facility and the many innovative educational and entrepreneurial programs he has brought to fruition over the past few years. Thanks to Dean Siegel, our business school is ranked 86th among 450 business schools nationwide. I am confident that over the next five to 10 years we will reside among the top 50.”

Designed by Perkins+Will, a recognized leader in higher education design and sustainable architecture, the new School of Business building is inspired by the stone-designed academic podium and residence halls that dominate the uptown campus.

The new building preserves a modernist formality of the campus’s aesthetics, with an interior featuring floor-to-floor terracing for maximum circulation and natural lighting and an exterior represented by both solid and transparent volumes.

Consistent with the University’s commitment to sustainability, the building integrates Leadership in Energy and Environmental Design (LEED) measures, incorporating green building design elements to improve energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to their impacts. The building is projected to receive LEED gold certification.

The School also continues to collaborate with the University’s $32.7 Million RNA Institute to commercialize research and expand innovation opportunities through its ThermoFisher Student Venture Fund. The first invention from this program, designed by a team of life sciences and MBA students, is currently in the licensing phase.

The School is also one of only three public universities in New York State with dual accreditation in its business administration and accounting programs by The Association to Advance Collegiate Schools of Business (AACSB). The other two are the University at Buffalo and Baruch College. Fewer than two percent of the world’s 13,000 business schools hold a dual AACSB accreditation in business administration and accounting.



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