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$1 million pledge to support Global Learning Center and Scholarship (Released; 4/14/97)

by Pamela Julias, Office of University Communications.

STAMFORD, Conn. -- The GE Capital Global Learning Center and the GE Capital Global Scholarship Fund have received $100,000 from GE Capital as part of a $1 million pledge in support of UConn 2000.

The check was presented to Philip Austin, president of the University of Connecticut, by Denis J. Nayden, president and chief operating officer of GE Capital, at a gathering of UConn alumni and friends at the home of Gerald A. Poch, chairman and chief executive officer of GE Capital Information Technology Solutions. Nayden and Poch are UConn graduates.

"This is a very important day for UConn," Austin said. "This contribution helps the University expand its program offerings to support companies in Connecticut which have a global focus."

GEs payments on the million-dollar pledge from the company tally $500,000 to date. Half of the $1 million donation is from the GE Fund, and supports the development of a joint masters degree between the Universitys schools of business administration and engineering as well as

supporting initiatives to help both schools achieve progressive diversity goals. The other half of the pledge is being paid by GE Capital.

GE Capitals funds support an endowed GE Capital Global Learning Center, a GE Capital

Global Scholarship Fund, and an annual executive business forum which brings together international business policy-makers to explore key issues related to global business.

With its creation, the GE Capital Global Learning Center will focus on research, teaching, demonstration projects and outreach activities dedicated to enhancing the global economic competitiveness of companies, with a particular focus on technology. It will assist the School of Business Administration in becoming a world-class leader in developing global business professionals. Technology will be used as a tool for learning, not as an end product.

The center will enable GE Capital and other corporate executives to gain knowledge of global practices through new learning resources and through the enhancement of the renowned business forums.

The Executive Business Forums, now co-sponsored by the Center for International Business Education and Research (CIBER) and the GE Capital Global Learning Center at the School of Business Administration, provide practical insight and advice to global business leaders. The forum, "Doing Business in Hong Kong, Peoples Republic of China, July 1997," recently held in Stamford, attracted more than 100 business leaders from Fairfield County and New York.

In addition to the center and the forums and as part of the gift, the GE Capital Scholarship Fund provides scholarships to up to four individuals to pursue post graduate academic studies in business.

UConn 2000 is a 10-year, $1 billion program to rebuild, renew and enhance UConn's campuses.