Welcome to Higher Ed Advisor, the Baker Tilly podcast series where we speak with higher education industry leaders about practical and proactive guidance to help colleges and universities protect and enhance their value.
This podcast is the 17th episode in our fiscal resiliency series for higher education institutions.
Colleges and universities are drawing up transformative ways to boost enrollment, support students and staff and attain fiscal sustainability as leaders face increasing pressures to “do more with less” in resource-constrained environments. Public private partnerships (P3s) are a revolutionary mechanism that can help institutions fund and deliver critical infrastructure to advance campus and community growth.
University of Wisconsin-Eau Claire (UWEC) Chancellor, James (Jim) Schmidt, and UWEC Foundation President, Kimera (Kim) Way, join us in this engaging episode to share valuable P3 insights and success stories of capital projects and partnerships UWEC navigated through to drive institutional innovation and community development. Hear about how these mutually beneficial arrangements propel the University in their quest to fulfill the institution and foundation goal of providing unparalleled academic opportunities to its students and capture the hearts and minds of the community. We also explore:
- How and why to align P3s with an institution’s strategic plan
- Importance of collaboration to improve economic development and institutional sustainability and positively influence overall P3 project outcomes
- Academic program enhancements as a result of transformational partnerships
- Challenges associated with P3s and key attributes, best practices and solutions to consider when embarking on a partnership to support student and community success
Plus, listen as we reveal how UWEC’s partnership with Mayo Clinic Health System is progressing educational, economic and social prosperity for the University, the City of Eau Claire and their constituents.