USF to share $8.5M in collaborative grants
As the House and Senate finalize their budget plans, USF received news from the Board of Governors last week that will result in the university receiving portions of $8.5 million in grant money to be shared with UCF and FIU in two collaborations.
After the university aligned itself with UCF and FIU — two of the more prominent research universities in the state, excluding the University of Florida and Florida State University, which last year counted as “pre-eminent” for receiving additional funding from the BOG — in consortiums to generate more graduates in Information Technology and accounting.
The BOG granted four collaborative grants, totaling $15 million. The grants will come in addition to performance-based funding, which is poised to have an increased level of importance in allocating resources this year to universities as a larger portion of the funding allocated to the State University System will be based on performance.
While the House of Representatives proposed allocating $60 million in new money to be split up this way, compared to the $20 million allocated last year, the Senate proposed divvying up $200 million based on performance — $100 million in new money and $100 million from funds previously allocated to universities’ base budgets.
Last year, USF and UCF tied for the highest level of performance-based funding based on the three metrics used. This year, according to Senior Vice Provost Dwayne Smith, USF is poised for scoring the second highest after UF, using the potential 10 metric system that has been discussed by the Board, though it is yet to be finalized.
Smith said USF will be requesting $7 million for the Cybersecurity program, $15 million for the completion of the seventh floor of the Interdisciplinary Sciences building, $20 million for a College of Business building at USF St. Pete and $1 million for STEM enrollment initiatives at the Sarasota-Manatee campus.
The House of Representatives’ plan released Friday includes $14.7 million for the University of South Florida’s Heart Health Institute and Interdisciplinary Sciences building and $9.7 million for the College of Business building, while the Senate’s plan includes $13 million for the College of Business building, but no additional funding for other projects.
The House and Senate Appropriations Committees will continue discussions this week.
— Staff report
Get Top Stories Delivered Weekly
More usforacle News Articles
Recent usforacle News Articles
Discuss This Article
MOST POPULAR USFORACLE
GET TOP STORIES DELIVERED WEEKLY
FOLLOW OUR NEWSPAPER
LATEST USFORACLE NEWS
- Quinton Flowers wins AAC Offensive Player of the Year
- BOT formally approves Genshaft bonus
- Top 10 moments of the fall semester
- Netflix: No Wi-Fi needed
- USF Health Services sees spike in clients as exams near
- USF System President Genshaft up for performance-based stipend
- USF students reflect on fall semester
FROM AROUND THE WEB
- Got Tech Neck? Here's Some Advice.
- Three Simple Swaps for a Healthier Lunch
- Epilepsy Awareness Day 2016 Largest Turnout Ever
- Give the Gift of Connectivity, Without the Stress
- New Cancer Treatment Continues to Progress By Filing for...
- How Many Years Does it Take to Become a Doctor of...
- Many Working Mothers Can't Afford Their Health Insurance...
- A Date with Destiny: Video Games Teach Kids Life Lessons
- The Magic Number for Millennials: $51,000
- A New Read on Literacy: The 3 Keys to Building Lifelong...
COLLEGE PRESS RELEASES
- PEPSICO AND 21ST CENTURY FOX ANNOUNCE "THE SEARCH FOR HIDDEN FIGURES"
- The Most Popular Entry-Level Jobs and Companies for College Graduates
- National Meningitis Association Urges Students to take Pledge2Prevent
- American Cancer Society and CVS Health Foundation Award Grants to Help 20 Colleges and Universities Go Tobacco-Free in Largest Initiative of Its Kind
- BPU Offers Sentiment Analysis Free to Universities