Over 100 supporters from the SVSU community gathered in October at the groundbreaking ceremony for the planned $25 million building expansion that will host Scott L. Carmona College of Business & Management courses beginning in 2020.
At the ceremony, campus leaders and business community members spoke about how the expansion will benefit students and businesses.
Among the speakers was the namesake of the academic college, Scott Carmona. The Board of Control member and alumnus attended the ceremony alongside family members including his grandson, Brady, featured in this magazine’s cover image. The older Carmona — who donated the lead gift for the expansion’s fundraising campaign, First For Business — spoke to the audience about how the building addition will positively impact the region for generations to come.
“It is our hope that this newly renovated building will be an inspiration for the many business students to remain engaged with this wonderful community and to share their time, talent and treasures,” said Carmona, who received a bachelor’s degree in engineering from the university in 1981. “At SVSU, success is not acquired for its own sake, but for the sake of the people and the places that once lifted you up.”
The expansion project will create additional space to house the academic college’s classrooms, offices and business programs. The new space will include state-of-the-art technology such as analytics labs and a Bloomberg Trading Room, which tracks stock data in real time.
Planners say the upgrades will provide students with technology used by Fortune 500 companies, deepen connections between the business community and the talent pool developed at the university, along with establishing a business degree from SVSU as an industry gold standard.
SVSU President Don Bachand at the ceremony shared his excitement for the future of the academic college’s programs.
“Our vision for the future college is state-of-the-art, accessible and community-oriented, with the purpose of transforming lives through educational excellence,” he said. “Years from now, when our graduates come back to tell their professors and mentors about their successful careers in business, we will see the true impact of this expansion.”