University of Toronto's Rotman School of Management Receives $50 Million in Funding From the Province of Ontario



    TORONTO, March 23 /CNW/ - A landmark funding announcement for the
University of Toronto's Joseph L. Rotman School of Management was announced
yesterday by the Province of Ontario in the province's 2007 budget. The
funding, which will total $50 million, will enable the Rotman School to
construct a new building that will host its newly established Centre for
Jurisdictional Advantage and Prosperity, and provide space for a 50% expansion
of the School's graduate programs, including its renowned MBA and PhD
programs. An additional $10 million in government funding has also been
allocated to the project, while a further $60 million will be raised from
private donations to match the total government funding.
    The campaign to the raise the private funding is currently more than half
way to its goal and is being led by W. Geoff Beattie, President, Woodbridge
Company, who is serving as chair, and honourary co-chairs, Dr. Joseph L.
Rotman, Chairman and CEO Roy-L Capital Corporation, and Dr. Marcel Desautels,
President and CEO Canadian Credit Management Foundation.
    The new building is to be constructed on the University's St. George
Campus and will be in addition to the existing facilities of the Rotman
School, which opened in 1995.
    "The Centre for Jurisdictional Advantage and Prosperity will enhance the
province's prosperity by taking an integrative approach to the study and
creation of jurisdictional advantage. Currently, the study of how
jurisdictions, including provinces, become magnets for companies to start-up,
locate and grow, and for talent to study, live and work, has been fragmented
across many diverse fields. This disconnected knowledge has been less helpful
to policy-makers and businesses than is required," says Rotman Dean Roger
Martin. "The Centre will remedy this by attracting and bringing together the
best group of scholars in the world to study jurisdictional advantage in order
to create new and valuable insights that will benefit Ontario and the world at
large."
    Over the past decade, the Rotman School has assembled the largest
academic research group in Canada dedicated to the study of Jurisdictional
Advantage and Prosperity but has lacked the physical and funding
infrastructure necessary to advance the research. Later this year, a
world-renowned academic director for the Centre will be announced.
    In recent years, the Rotman School has steadily increased its
international profile and has established itself among the leading business
schools in the world, according to rankings published by BusinessWeek and the
Financial Times. The Rotman School's Two-Year MBA Program admits 270 students
per year who come to Toronto from over 25 countries. The Three-Year MBA
Program enrolls up to 65 working professionals each year who pursue their
studies on a part time basis. Both programs will now be able to expand their
size with the new building. It is also expected that the Rotman School's
highly-regarding PhD program, which currently has 77 students, will also grow.
Graduates of the PhD program are regularly hired by the world's great
universities and business schools, including Oxford, UCLA, London Business
School, and MIT.

    The University of Toronto's Joseph L. Rotman School of Management has set
out to become one of the world's top tier business schools. Located in North
America's 3rd largest financial centre, the Rotman School is taking an
innovative approach to management education, built around Integrative
Thinking(TM) and Business Design(TM). For more information and to find out why
the Financial Times and BusinessWeek rank Rotman among the leading business
schools internationally, visit www.rotman.utoronto.ca. Integrative Thinking
and Business Design are registered trademarks of the Rotman School of
Management.




For further information:

For further information: Ken McGuffin, Manager, Media Relations, Rotman
School of Management, University of Toronto, Voice: (416) 946-3818, Email:
mcguffin@rotman.utoronto.ca

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Joseph L. Rotman School of Management

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ONTARIO BUDGET 2007

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