NJIT President Robert A. Altenkirch will report on the upcoming construction plans and needs of New Jersey’s public research universities, Wednesday, Sept. 5, 2007, at a conference in Trenton. Altenkirch, representing New Jersey’s three public research universities, will stress the important role these institutions play in supporting New Jersey’s ongoing economic development.
The event, sponsored by the New Jersey Alliance for Action, will take place at Lafayette Yard Marriott Conference Center, Trenton, at 9 a.m. Registration is at 8:15 a.m. For further information, call Alliance President Philip Beacham, 732-225-1180.
New Jersey leaders in business, government and education know that the global economy is becoming knowledge-driven at an increasingly furious pace, said Altenkirch. The state’s three public research institutions—NJIT, Rutgers, and the University of Medicine and Dentistry—have responded to this truth in a direct and practical sense. “An education at these preeminent institutions gives students the knowledge and skills essential in the fields that will fuel the global economic engine for decades ahead. The universities drive scientific and technological innovation which in turn are a catalyst for economic growth and job creation,” he added.
Since 1988, NJIT has been home to New Jersey’s largest technology-oriented small business incubator program, the Enterprise Development Center http://www.njit-edc.org/. The program aims to increase small business formations and to boost their success rate. Business participants receive reasonably-priced office space in new buildings with outstanding facilities, shared services to reduce overhead costs, plus ongoing business, technical and financial assistance.
In pursuit of the mission to drive economic development and improve the quality of life for New Jersey residents, New Jersey’s public research universities deploy an impressive array of human talent and built assets. The three research universities employ more than 28,000 full and part-time faculty and staff and enroll almost 65,000 full-time and part-time undergraduate and graduate students. The combined budgets of the three institutions amount to $3.7 billion and expenditures for research and development—a critical catalyst driving innovation and economic growth—total more than $650 million annually.
The Alliance for Action, founded in 1975, is a statewide non-profit, non-partisan coalition of more than 600 business, labor, professional, academic and government groups. It advocates investment in infrastructure to benefit the state’s economy, environment and quality of life.