NEW YORK STATE -- Governor Cuomo has announced a funding competition program for the state's four research universities designed to help the schools grow, hire more faculty and eventually help the surrounding local economies.
The program, called SUNY 2020, would apply to the centers at Binghamton, Albany, Stony Brook and Buffalo. Governor Cuomo says the universities were chosen in part because of their geographic location and will act as the jumping off point for the ten regional councils that are tasked with spurring economic growth across the state.
"So we challenge them today to come up with a plan that makes their institution regional economic generators and a plan that enhances academic mission of the school and if the state accepts that plan, they will be funded $20 million from the state, $15 million from SUNY, $35 million total," Cuomo said.
The plans could and likely would increase tuition above the SUNY standard of about $5,000 a year, which is lower than in most public systems.