To begin to address the FY2017 budget shortfall, specific initiatives have been outlined under the categories of Revenue Generating and Cost Savings. A few initiatives for generating additional revenue include:
Signed contract with OhioPyle to sell Shepherd University merchandise to local stores. To date, 13 stores signed on and are selling Shepherd merchandise. We are finalizing licensing agreements to place Shepherd apparel and decal/bumper stickers in Target and Walmart stores in the near future; and
Inauguration partnership sponsors contributed more than $55k for scholarships to assist in recruitment of this fall’s entering class, the Shepherd Class of 2020, and to defray the costs of inauguration events.
Development of improved business hospitality areas at Ram Stadium, funded by community partnerships, including the provision of several food vendors.
Implementation of a strategic plan for alternative energy conservation at “Sustainable Shepherd.”
Our greatest challenges are ahead—anticipating several additional years of fiscal challenges for the State of West Virginia, which only supports 16 percent of our current budget, while maintaining momentum and advancing our mission. Shepherd is in 10th (last) place for funding from the State, with a $2 million difference between us and #9 (West Liberty).
Orchestrated the development of a list of embassies in Washington, D.C., representative of the 17 countries our international students currently hail from, for the purpose of engaging them in our university activities and as supporters of additional recruitments.
Collaborative discussions with Konrad C. Nau, M.D., Dean, WVU School of Medicine/Eastern Division, to provide clinical service, education, and research partnerships at a physician services facility to be built on Shepherd’s West Campus.
Promoted Instagram Photo Contest #myShepherdU April 14-15 to increase student engagement.
A drone-created, student recruitment video of the campus is in progress.
Meetings have occurred with key community stakeholders to discuss enhancement and renovation of a few facilities, parking challenges, and the cooperation between Shepherd University and the local police department.
Shepherd is in discussion with candidates to host a gubernatorial debate.
New summer internship programs for students (http://www.shepherd.edu/summer-internships), which includes the newly established Invenergy and Shepherd partnership to fund a student intern at the West Virginia Beech Ridge facility every summer in perpetuity.
Discussions with key stakeholders to launch a Center for Innovation to nurture the entrepreneurial spirit of our faculty, staff and students in partnership with the community.
Introduction of a university-community program series, starting in Fall 2016, introducing topics related to:
Financial planning for college, life’s adventures, and retirement;
Virtual tours of landmarks in the U.S., Europe, Asia and other countries, with local cuisine from each country served by our distinguished chef and staff;
Safety of consumable products and the impact on our health; and
Special presentations on the newly awarded Nobel prizes and their impact on society.
Discussions are in progress with stakeholders to facilitate additional partnerships with the local VA Medical Center. Separate conversations are focused on initiating an ROTC program at Shepherd.
Initiation of banner signage at strategic locations on Shepherd’s campus—highlighting noteworthy academic and athletic achievements.