Goal 2 – Achieve academic excellence across all programs and colleges, increase student general education skills, degree persistence, career readiness and graduation rates.
The proposed Center is a natural venue to foster interdisciplinary work at Kentucky State University because financial literacy programs are linked to many disciplines on campus. The Center will provide an opportunity for the University's students to acquire knowledge and skills related to basic financial literacy and life skills.
PROGRAM IMPLICATIONS: Approval of this proposal will establish the Center for Economic Education and Financial Literacy in the School of Business and Technology in the College of Business and Computational Science at Kentucky State University.
FISCAL IMPLICATIONS: To fund its activities, the Center will compete for funding through foundations, financial institutions, and government agencies that promote economic education and financial literacy. The fundraising activities of the Center will also include marketing strategies and deliverables that are central to the benefits and outcomes of providing funding for the Center. The proposed Center will play a vital role as a major strategic tool to compete for federal, state, and foundation funds. Two of the faculty members who would be directly associated with the Center are major grant writers. Both have been former PI and Co-PI who have accounted for $3,266,834 in funded projects over the last ten years.
RECOMMENDATION: Approve the establishment of the Center for Economic Education and Financial Literacy in the College of Business and Computational Science.