Responding to today’s Biden Administration announcement that Massachusetts has been chosen as the location for the Investor Catalyst Hub of the Advanced Research Projects Agency for Health (ARPA-H) ,, UMass President Marty Meehan, and, Congressman Richard Neal, issued the following statements: “As an international hub for medical research and development, Massachusetts is unrivaled in our readiness to tackle some of the greatest challenges facing the…
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The five-campus University of Massachusetts (UMass) system generated a record $8.3 billion in economic activity and supported nearly 40,000 external jobs across Massachusetts, according to a report…, UMass President Marty Meehan, said. “As the state’s top workforce development engine, which educates more students than any other college or university in Massachusetts, and as one of the state’s three largest research…, Massachusetts Secretary of Economic Development Yvonne Hao., “Institutions like UMass have made Massachusetts a global leader in higher ed while also contributing to our state's excellence in just about every sector - from life sciences and technology to…, Brooke Thomson, President of Associated Industries of Massachusetts., "UMass has long been a critical piece of the Massachusetts economy, as both a driver of our economic competitiveness and a source of talent,”, JD Chesloff, President & CEO of the Massachusetts Business Roundtable, said. “ This report further demonstrates UMass' impact on the economic prosperity of every region of the state, including access to cutting edge research and development for emerging companies to…, UMass Amherst, : $2.9 billion / 13,222 external jobs, UMass Boston:, $1.2 billion / 5,516 external jobs, UMass Dartmouth:, $618.3 million / 2,960 external jobs, UMass Lowell:, $1.2 billion / 5,588 external jobs, UMass Chan Medical School:, $2.2 billion / 10,872 external jobs, Central Administration:, $241.6 million / 1,339 external jobs The major drivers of economic impact are student, faculty and staff spending, construction projects, and the University's purchasing of the goods and services…, Donahue Institute Director of Economic and Policy Research Mark Melnik, said. Besides the spending captured in the economic impact formula, the report highlights several other UMass contributions to the Massachusetts economy, including:, More than 330,000 of the University’s alumni live in Massachusetts, . They contribute skills and knowledge to the nation’s leading innovation economy; purchase goods and services from Massachusetts businesses; and pay local and state taxes., Each year, the University’s five campuses award approximately 20,000 undergraduate and graduate degrees., Among the UMass Class of 2022 were 4,065 business majors, 2,328 nurses and other health professionals, 1,828 engineers, 1,458 computer and information science professionals, 1,342 biological and…, The University’s five campuses house more than 90 core research facilities, that are made available to small- and medium-size Massachusetts companies to accelerate their job-creating research and development activity. Users of the core facilities make a $364 million…, The University’s $813 million research enterprise, – the third largest behind just Harvard and MIT in Massachusetts – results in patents and technology licensing that creates jobs in established companies and forms the basis for start-up companies.…, UMass campuses attract thousands of people for campus tours, conferences, performances, and sporting events., These visitors and sports spectators generate significant economic benefits for Massachusetts through their spending for transportation, restaurants, lodging, cultural attractions, and retail shops,…, Read the full report, About the Donahue Institute, CONTACT:, John Hoey 508.264.5920 jhoey@umassp.edu
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UMass President Marty Meehan today announced that Justice David A. Lowy, the first UMass graduate to serve on the state’s Supreme Judicial Court, will become the next General Counsel of the 74,000-…
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The University of Massachusetts today announced that the top 10 percent of the Commonwealth’s future community college graduates will receive a minimum of $5,000 per year above federal and private…, UMass President Marty Meehan, said. “We believe this initiative will lead to more community college graduates choosing to finish their four-year degree at UMass, which will accelerate their upward economic trajectory and…, Bunker Hill Community College President Pam Eddinger, . “The Community College Advantage Scholarship will help more of them realize their dreams for a high-quality education that will prepare them for meaningful careers in the Commonwealth." Starting in…, , To be eligible for the Fall 2024 CCAS, students must: Complete their degree in the top 10 percent of their graduating class at their college. This will be calculated as of the end of the semester…
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Since its earliest days, the University of Massachusetts has been about the future – creating better futures for our students, the Commonwealth and the world. We are an institution of education and…, A look back at 2023, UMass enjoyed success on every front, thanks to the work of our faculty, staff and campus leaders – and the diligence of our 74,000 students. We are also fueled by the support of our partners in…
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The UMass Amherst Springfield Center will soon be named for former UMass Trustee and Springfield Urban League President, Henry M. Thomas III, , a leading advocate for establishing the center in his hometown, and the first person of color to lead the UMass Board of Trustees. “Henry’s belief in the ability of young people to change the world…, UMass President Marty Meehan, , who announced the naming at a recent gathering of friends and family celebrating Thomas’s retirement. “His dedication to the UMass mission fit perfectly with his lifelong avocation of creating…, UMass Amherst Chancellor Javier Reyes, said, “Chairman Thomas was a transformational leader at the University of Massachusetts, a son of Springfield and the first person of color to lead the UMass Board of Trustees. The center will be a…, Congressman Richard E. Neal, . “Through his leadership with the Urban League of Springfield and the UMass Board Trustees, Henry has given back to the city that made him who he is today. His unwavering commitment to uplifting…
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In his annual State of the University message,, University of Massachusetts President Marty Meehan, today called for a three-fold expansion of enrollment in the university’s early college programs over the next five years. UMass President Marty Meehan at Greater Lowell technical high school…, Watch, President Meehan's 2024 State of the University Address, "Within the next five years, we plan to expand our early college initiatives to serve more than 2,000 high school students and broaden our early college reach to more rural areas of the state,”…, the Commonwealth Collegiate Academy (CCA), , was launched in Fall 2022, with 169 students at seven schools. CCA now has nearly 600 enrollments in 11 high schools: Brockton, Durfee (Fall River), Greater Lowell Technical, New Bedford, Revere,…
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BOSTON – Moody’s, S&P Global Ratings, and Fitch Ratings all recently reaffirmed the University of Massachusetts’ strong bond ratings, each citing effective management practices as a factor in…, Reports, S&P Global, Fitch Ratings, Moody’s
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UMass President Marty Meehan and UMass Board of Trustees Chair Stephen Karam offered the following statements in response to a motion by the UMass Amherst faculty. “As I have shared previously,…, UMass President Marty Meehan, “On behalf of the UMass Board of Trustees, I want to reaffirm our strong support of Chancellor Javier Reyes and his leadership of the UMass Amherst campus. Chancellor Reyes continues to do an…, UMass Board of Trustees Chair Stephen Karam
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UMass’ ratings affirmation signals strong management and strategic planning, Moody’s, Fitch, and S&P Global, the three major bond ratings agencies, recently reaffirmed UMass’s strong bond ratings, citing robust management practices, comprehensive long-term strategic plans…, Why do bond ratings matter for a public university?, Bond ratings are crucial for investors as they provide a snapshot of the creditworthiness of a bond issuer. Think of bond ratings as financial report cards for companies and governments – helping…, Disciplined financial oversight and accountability framework, These strong ratings are a direct result of the effective policies our management team and Board of Trustees put in place to manage the university’s finances, and ensure we act in a way that…, disciplined financial oversight, and, accountability framework, and pointed to solid support from the Commonwealth of Massachusetts as well as significant research activity as factors contributing to the excellent rating. A university’s finances must be strong to…, Demographic changes, leading to declining enrollment., Significant increases, to operating costs., Fewer high school graduates enrolling in college., In 2021, immediate college enrollment dropped 10 percentage points in Massachusetts, according to the Hildreth Institute. Despite these headwinds, UMass is employing financial discipline to deliver…, Driving Economic Impact and Supporting the Talent Pipeline, At UMass, we are good stewards of our resources, and those that are invested in the university by the state. According to the latest economic impact report by the UMass Donahue Institute, investment…, Nearly 75 percent of UMass graduates, work in Massachusetts for at least five years after graduating with, 360,000 alumni, living and working in the state. I also take great pride in the fact that UMass research directly drives economic development in the state, with UMass attracting $484 million in federal funding and…, $813 million, – the fourth largest in the New England. In addition to the ratings reports, UMass recently received an award from the Public Risk Management Association (PRIMA) for “Outstanding Achievement for…
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