Utah Valley University - New Business School Building

Utah Valley University - New Business School Building

1. UVU Woodbury School of Business Board of Regents September 20, 2018

2. What are your plans? “ The Perfect Storm of Growth”

3. GROWTH OF UTAH

4. GROWTH OF UTAH COUNTY

5. GROWTH OF UTAH COUNTY 2016 Share of Population Salt Lake County - 36.5% Utah County - 19.5% 2065 Share of Population Salt Lake County - 29.1% Utah County - 27.8%

6. GROWTH’S IMPACT ON STATE & REGIONAL NEEDS - U.S. Bureau of Labor Statistics Utah County ranks No. 2 in the nation for job growth Job growth in Utah County was 6% between March 2017 and March 2018, compared with a national average of 1.6% Utah County ranked No. 6 in the nation for the percentage increase in average weekly wages, up 9% Utah County Job Growth

7. GROWTH’S IMPACT ON STATE & REGIONAL NEEDS 2017 Economic Report to the Governor

8. GROWTH’S IMPACT ON STATE & REGIONAL NEEDS

9. Occupations Requiring a Bachelor's Degree Provo-Orem Metro   Annual Openings Current Employment Projected Employment Projected New Jobs Business and financial operations occupations 390 6,381 9,134 2,753 Management occupations 630 10,013 14,142 4,129 Total 1,020 16,394 23,276 6,882 Statewide   Annual Openings Current Employment Projected Employment Projected New Jobs Business and financial operations occupations 3,240 59,494 78,368 18,874 Management occupations 3,360 66,696 85,060 18,364 Total 6,600 126,190 163,428 37,238 GROWTH’S IMPACT ON STATE & REGIONAL NEEDS

10. Educational Attainment in UVU’s Service Area 2016

11. Degree Attainment in UVU’s Service Region In 2016, 192,055 people lacked a meaningful post-secondary degree. In 2017, 9,924 students graduated from a local high school – only 4325 enrolled at UVU. 2016 US Census Bureau 5,599 students remain question marks. If they did not enroll in another university, UVU’s responsibility is to be their pathway to a degree.

12. UVU GROWTH HISTORY & PROJECTIONS

13. UVU STUDENT DEMOGRAPHICS 110% increase in students of color since 2009 27% work more than 31 hours per week 29% are older than 25 38% are married; 21% support at least one child 49% are part-time students 38% are first-generation students

14. HEADCOUNT COMPARISON BY CLASS LEVEL Greatest growth in the last 9 years occurred among Juniors and Seniors

15. WOODBURY SCHOOL OF BUSINESS ENROLLMENT Largest headcount for schools in USHE 5,318 students (2016-17) Increased per student credit hours Over 9% average annual growth (last 6 years) 6,500 enrollment projection in 2020 8,400 enrollment projection in 2025

16. WOODBURY SCHOOL OF BUSINESS FALL ENROLLMENT 10,665 11,363 13,132 14,775 15,949

17. WOODBURY SCHOOL OF BUSINESS FALL FTE 2,032 2,225 2,566 2,903 3,161

18. WOODBURY SCHOOL OF BUSINESS DEGREES AWARDED

19. COMPARISON OF BUDGET-RELATED FTE GROWTH AND NEW CAPITAL DEVELOPMENT $S

20. USHE TOTAL SQUARE FEET PER FTE STUDENT FALL 2017

21. USHE ACADEMIC SQ. FT. PER FTE STUDENT FALL 2017

22. WOODBURY SCHOOL OF BUSINESS SQUARE FOOTAGE / STUDENT

23. PROGRAMMATIC COST-EFFECTIVENESS UVU’s Business Instructional Expenditure per FTE is 16% below the USHE average Programs are developed to ensure sustainability, maximum faculty utilization, and space efficiency (e.g. MBA specialization development)

24. PROGRAMMATIC STRENGTHS Highest undergraduate CFA pass rate in the nation Top 5 American Marketing Association team Top 10 Nationally Ranked in Personal Financial Planning Program Money Management Resource Center Volunteer Income Tax Assistance (VITA) 387 returns last year Award winning Neuroscience Sales and Marketing Lab (SMART Lab) Top 5 national social entrepreneurship team

25. INSTRUCTIONAL LIMITATIONS The School of Business currently has 5,300+ students with only 78,000 sq. ft. in the current business building This equates to 14.7 sq. ft. per student With estimated enrollment growth this, will drop to 12 sq. ft. per student in 2 years Students are taking more hours on average than they did three or four years ago placing additional pressure

26. STRUCTURAL LIMITATIONS With 40 year old masonry shear wall and bearing structure with a post-tensioned floor system design, the removal of walls or drilling through floors could cause collapse Difficult to provide adequate Wi-Fi access Unable to install new media systems especially helpful for business instruction

27. PROPOSED FACILITY

28. INNOVATIVE DELIVERY OF ACADEMIC PROGRAMS 1 2 3 4 5 1 2 3 4 5

29. INNOVATIVE DELIVERY OF ACADEMIC PROGRAMS Specialty labs for: Bloomberg, Personal Financial Planning, SMART Lab Student Success and Professional Development Centers Entrepreneurial Innovation Center Unique study spaces purpose-built for millennials Purpose-built space and technology to support growth

30. The new Woodbury School of Business building was added to the approved Master Plan in 2004 and made a strategic priority on the Trustee approved 2016 Master Plan PART OF BOARD APPROVED CAMPUS MASTER PLAN

31. ENVIRONMENTALLY RESPONSIBLE CONSTRUCTION The new building will connect to our geothermal heating No additional boilers will be required Energy efficient construction and technology will be prioritized and utilized

32. ENABLES REPURPOSING OF FUNCTIONALLY OBSOLETE SPACE The existing 78,000 sq. ft. business building will be repurposed for programmatic expansion and classroom space better suited for its design and technical capabilities

33. ENABLES REPURPOSING OF FUNCTIONALLY OBSOLETE SPACE Institution estimates a need for 130 additional faculty offices in the next 5 years The current building has 80 offices 2,320 new students projected over the next 5 years Need an additional 146,297 sq. ft. over the next 5 years

34. RESOLVES DAILY OPERATIONAL CHALLENGES AND THREATS Reduces the dangers of over crowded hallways Improves Wi-Fi connection for students Increases restroom availability

35. LEVERAGES COST-EFFECTIVE PARTNERSHIPS GOED UCCU Vivint NuSkin Younique LJ Cooper

36. Adds to critical economic specializations (Sales, Operations management, Risk management, Project management, Tech entrepreneurship, Internal auditing) Enhances opportunities for experiential engagement with regional economic drivers Improves timely completion of students graduating with degrees and certifications ENHANCES EDUCATIONAL OUTCOMES

37. ADDRESSES STATE & REGIONAL NEEDS GOED STRATEGIC PLAN 2016-2020 The programmatic offerings in the Woodbury School of Business directly address 3 of the Governor’s 6 Strategic Objectives: #3 Business Development & Entrepreneurship #4 Tourism & Outdoor Recreation #6 Collaborative Solutions

38. 46,494 84% of UVU graduates stay in Utah after graduation for at least 1 year 91% of UVU students who graduated from a Utah high school are still living in Utah a year later 69% of UVU students who attended high school outside Utah are still living in Utah a year later REGIONAL IMPACT OF GRADUATES