The commonwealth is launching a Virginia Alliance for Semiconductor Technology to foster a semiconductor industry workforce, funding its establishment with a $3.3 million Growth and Opportunity for Virginia (GO Virginia) grant.
Gov. Glenn Youngkin announced the initiative Friday. In March, GO Virginia announced the $3.3 million grant to the program, then called the Virginia Nanotechnology Networked Infrastructure.
“Virginia is stepping up to lead the way by investing in key initiatives that will deliver STEM talent to a robust and growing workforce across the commonwealth,” he said in a statement. “Together, our private and public sector partnerships will create new opportunities in semiconductors, microelectronics and nanotechnology to drive critically important economic sectors and technology leadership.”
Virginia Tech will lead VAST, which will bring industry and university partners together to create “workforce development opportunities and expand access to cleanrooms, labs and equipment for training” and research and development, according to a news release. VAST will be headquartered at the Virginia Tech Research Center – Arlington, with other university partners — University of Virginia, George Mason University, Virginia Commonwealth University, Norfolk State University and Northern Virginia Community College — establishing nodes.
“Virginia is a great home for chips, microelectronics and technology,” Virginia Tech Professor Masoud Agah, founding director of VAST, said in a statement. “There is a lot we can do regionally, and together we can do a lot more. This alliance leverages our collective strengths and mobilizes partners throughout the state.”
VAST will create three 10-week Fast Track to Semiconductor Careers certificate programs: Chip Fabrication and Nano Characterization, Semiconductor Packaging and Characterization, and Semiconductor Equipment Maintenance and Repair. The initiative expects to enroll about 300 students per year, with veterans and underserved communities receiving preference, beginning in spring 2024. During the two-year grant period, VAST aims to train 600 adult learners, award 550 certificates and create up to 100 internships.
The alliance will have a cloud-based system to allow schools to share information and online training modules about new equipment and emerging technology with faculty and staff.
Virginia Innovation Partnership Corp. will collaborate with VAST to provide early-stage venture capital investment through its Virginia Venture Partners equity funds. VIPC will also offer grants for entrepreneur-in-residence, faculty R&D and lab equipment through the Commonwealth Commercialization Fund.
A study from George Mason University’s Center for Regional Analysis estimates that the program will produce more than $65 million in economic activity in five years.
Virginia Tech is no stranger to semiconductor workforce development. The university is one of 21 founding members of the Northeast University Semiconductor Network formed by Idaho-based Micron Technology Inc. and announced in early April. The Micron Foundation and National Science Foundation plan to jointly invest $10 million to fund and develop semiconductor curricula for colleges and universities.
Micron’s 2019 expansion of its manufacturing lab in Manassas was the largest economic development deal in Virginia’s history, with a more than $3 billion investment and more than 1,000 new jobs expected by 2030.
Virginia has been seeking semiconductor manufacturing plants as an economic development strategy, particularly following the passage of the CHIPS and Science Act, which includes $52.7 billion in funding for domestic semiconductor manufacturing and research. U.S. Sen. Mark Warner and state and local development officials met in August 2022 to discuss attracting facilities to four industrial sites in the state.
“Strong university partnerships, strategic programs and an ongoing talent pipeline are critical to be competitive in recruiting in this industry,” Virginia Economic Development Partnership President and CEO Jason Koubi said in a statement. “VAST will be a distinctive and compelling asset to market as we continue to aggressively pursue this dynamic and growing sector.”
Youngkin’s announcement precedes his first international trade trip, beginning Monday, during which he will promote Virginia as “the best place for the semiconductor and microelectronics ecosystem to thrive,” according to a news release. Youngkin plans to meet with Taiwanese President Tsai Ing-wen on the trip.
Virginia Commonwealth University will open its $125 million College of Humanities and Sciences’ 168,000-square-foot STEM building during a ribbon cutting scheduled next week.
The six-floor building, located at 817 W. Franklin St. in Richmond, will expand lab, classroom and office space for the college, which is home to 17 departments, two schools and three programs. About 60% of VCU’s undergraduates are enrolled in the college and the new building will provide classroom and study space for more than 10,000 students who will take up to 70 courses in the building each semester, beginning in fall 2023.
“At VCU, we pride ourselves on making education and research more accessible to all students. Modern facilities thoughtfully designed to support learning and innovation will foster our ability to shape Virginia, its robust economy and the well-being of people everywhere,” Michael Rao, president of VCU and VCU Health, said in a statement. “As we educate the next generation of scientists and leaders, VCU’s new STEM building will foster seamless integration of classroom learning with hands-on research engagement, encouraging students to collaborate across disciplines and facilitate discovery — which is what the world needs. We are modeling a truly public research university in the 21st century.”
Opening April 26, the STEM building will feature 32 teaching labs; a Math Exchange and Science Hub; two 250-seat, team-based learning classrooms; computer labs; and flexible classrooms. It will also feature wet and dry instructional labs. The college’s main offices will remain in their current building, Blanton House, at 828 W. Franklin St.
Funding for the building was provided by the commonwealth in 2019. It was not funded by VCU students’ tuition or fees. The building was designed by Philadelphia-based Ballinger and Washington, D.C.-based Quinn Evans architects and constructed by Richmond-based Hourigan.
Dr. Arturo P. Saavedra will be the next dean of the Virginia Commonwealth University School of Medicine and executive vice president for medical affairs at VCU Health, the university announced Monday. His appointment is effective April 15.
Saavedra is currently chair of the University of Virginia’s dermatology department and interim CEO of the U.Va. Physicians Group, and before that, he was chief of population health and health policy, and chief of ambulatory strategy and operations for UVA Health. A Harvard and University of Pennsylvania alumnus, Saavedra specializes in HIV dermatology, drug reactions that cause dermatologic complications and care of cancer and post-transplant patients. He also is the senior editor of Fitzpatrick’s Color Atlas and Synopsis of Clinical Dermatology.
“I am very impressed by VCU’s unwavering commitment to its mission and by its citizenship,” Saavedra said in a statement. “I can’t wait to be part of this great university, to learn and grow with it, and to create strong partnerships in advancing all goals of the School of Medicine.”
Saavedra, who was hired after a national search, replaces Dr. David Chelmow, who stepped in as interim dean Jan. 3, 2022, after Dr. Peter F. Buckley resigned to become the University of Tennessee Health Science Center’s chancellor.
“I am pleased to welcome Dr. Saavedra to VCU and our School of Medicine,” VCU and VCU Health President Michael Rao said. “Dr. Saavedra shares our commitment to put the needs of students and patients first. His work at U.Va. demonstrates a deep understanding of medical care and of health policy at every level, experiences that will be invaluable as he leads our work to educate the next generations of physicians and research scientists.”
Virginia Commonwealth University Health Community Memorial Hospital in Mecklenburg County announced Thursday that Sheldon Barr will be its next president, effective Dec. 11.
Barr will be the first woman to lead the South Hill hospital in its 68-year history.
“I am excited to deliver on VCU Health’s mission to preserve and restore health for all people of Virginia and beyond,” she said in a statement. “Community Memorial Hospital has been a beacon for excellent patient care for decades, and I look forward to serving the community, our team members and our patients in my new role.”
Barr was most recently CEO of HCA Florida South Shore Hospital. Beforehand, she was chief operating officer at HCA Virginia’s Chippenham Hospital in Chesterfield County.
HCA Healthcare named Barr the HCA Executive Development Program 2021 Mentor of Year. She also received the Frist Humanitarian Award, named for HCA co-founder Dr. Thomas F. Frist Sr.
Barr holds a bachelor’s and a master’s degree in nursing from the University of Virginia. She also has an MBA from Western Governors University.
Barr succeeds Scott Burnette, who retired this year. During his tenure, VCU Health CMH gained a new inpatient facility, an oncology and rehabilitation facility and a multi-specialty building that houses 15 clinics.
VCU Health acquired the facility, then called the Community Memorial Healthcenter, in 2014. In 2017, VCU Health cut the ribbon for the new 167,000-square-foot hospital.
VCU Health CMH operates a hospital with 70 patient rooms and a long-term care facility with 140 beds. The facility also offers outpatient programs like hospice. CMH has more than 800 employees and 177 providers across 26 medical specialties.
Christina Fleming embarked upon a career in marketing with the goal of getting an executive MBA degree, but other commitments kept getting in the way.
She got married, had two children and moved up the corporate ladder for 26 years, rising to chief marketing officer at Blackboard Inc., a global education technology company that was based in Reston. In April, she launched her own company, Monarch Performance Marketing.
“It was just something that I kept putting off, but I always knew I wanted to do it,” Fleming says. “So, towards the end of last year, I made the decision to go ahead and pursue my MBA. I really felt it would be important and helpful to me as a business leader.”
She looked at executive MBA programs that were within driving distance of her Laurel, Maryland, home, taught in-person and could be completed in under two years. She chose the one at William & Mary’s Raymond A. Mason School of Business and enrolled in fall 2021 as one of 13 students in her cohort. Now about halfway through the program, Fleming commutes every other weekend to Williamsburg for classes.
“I was learning every day in the moment and accumulating all sorts of skills [at work], but what the MBA has done is given me an opportunity to really step back and look at how all these aspects of business and the economy are connected,” she says. “It just provides this solid foundation in which I believe I can become a better leader.”
Executive education programs are designed for business professionals like Fleming who have managerial or executive- level experience and want to improve their knowledge and skills so they can advance in their careers. The classes help them stay on top of the latest industry trends, expand their networks and get real-world experience working on projects.
Seven Virginia public universities offer some form of executive education. Programs range from traditional MBA degree programs at W&M, George Mason University, James Madison University, the University of Virginia and Virginia Commonwealth University to shorter certificate programs offered at George Mason University and Virginia Tech. GMU offers customized programs for businesses and organizations, as do U.Va., Virginia Tech and Old Dominion University.
One of the prevailing trends is shorter and more convenient MBA programs, in response to student demand.
William & Mary has offered executive MBA degrees for more than 40 years. Three years ago, the school sought feedback from W&M’s prospective students and alumni — as well as from alumni of other executive education programs across the country and employers, says Ken White, associate dean of W&M’s MBA and executive programs.
What they heard was that students thought MBA programs took too long and that they wanted a certificate option that took less than two years. Respondents also wanted leadership coaching and the possibility of international business experience, White says.
Student feedback helped reshape W&M’s program, which is now 18 months long with eight-hour, in-person classes every other Friday and Saturday.
Global and national perspectives — provided most often by taking students to other countries and introducing them to corporate leaders — are increasingly important, too.
W&M students spend a short residency in Washington, D.C., and go abroad twice to study and meet with business leaders. This year, they’ll go to Greece and South Africa.
“That was another piece that we got in our research,” White says. “People were saying, ‘You know, we need to know a little bit more about the federal government and how it affects business.’ So, we have the two global immersions, and then we have a D.C. residency where the class goes up there for not quite a week.”
William & Mary isn’t alone in offering global travel opportunities to executive MBA students.
George Mason’s MBA Global Residency is a weeklong international study tour. Past residences have included Chile, China, Central Europe and Western Europe.
VCU’s program includes a roughly 10-day trip abroad, usually to partner universities in Central and South America or Europe. Naomi Boyd, VCU’s business school dean, says faculty look at who’s in a cohort, pick a location and build an agenda that can include projects and case studies.
As part of JMU’s MBA program, students can take an optional 7- to 10-day trip abroad to countries such as China, Portugal, Argentina, Chile, Germany and Vietnam, making visits to companies like Hyundai Motor Co., Maersk or Rémy Martin.
Speeding up
At the University of Virginia’s Darden School of Business, MBA students have two nonresidential executive MBA tracks: the executive and global executive programs. Both take 21 months and are hybrid, with in-person sessions held at Darden’s D.C. Metro space in Rosslyn. The other classes are offered remotely, including live online courses and self-paced activities.
Executive students participate in one international residency with the option of adding others, while global MBA students participate in four residencies outside the United States. These typically include a mix of company visits, talks with industry leaders, meetings with executives and cultural excursions. U.Va. also offers a full-time residential MBA program and a part-time MBA option with more scheduling flexibility.
Students in both U.Va. executive MBA programs also participate in two weeklong leadership residencies in Charlottesville on the Darden grounds.
VCU used to offer a two-year MBA program, but it has now shortened the time to get the degree to 17 months, with classes held on alternating weekends, Boyd says.
James Madison University’s College of Business offers an MBA with an executive leadership concentration over 28 months, a longer period than other universities, but it’s geared toward student accessibility. Most of the classes are held online, with in-person residencies that meet on a Saturday once every other month in Tysons. (JMU’s largest alumni populations are concentrated in the Richmond and D.C. areas.)
“It gives us somewhat of a regional tie for people interested in the program in the D.C. metro area, and then maybe some folks who have connections to the institution who live outside of there can still participate in our program,” says Michael Prior, the MBA program’s director of marketing.
Universities also have started offering even shorter options — typically for executives in pursuit of a certificate instead of a master’s degree.
The University of Richmond, a private university, offers a 14-week “mini-MBA” program, for example.
U.Va. offers The Executive Program, a six-month, hybrid advanced management certificate program that costs about $43,950 — less than a third the cost of the Darden executive MBA tracks, which cost $172,000 to $183,800. Virtual sessions involve a business challenge project, and faculty consultation and one-to-one coaching are included.
George Mason’s School of Business offers a traditional MBA program with accelerated or part-time options, and the school also targets specific specialties, including data and analytics. GMU’s hybrid executive education courses run five weeks each, and students earn a badge of certification. Executive specialties include diversity, equity and inclusion; marketing; risk; and sustainability.
GMU also offers a two-day real estate analytics program, and its faculty can customize offerings for organizations on topics such as government contracting, data analytics and real estate.
Virginia Tech’s Pamplin College of Business in the past has hosted cybersecurity risk series for executives and board members, with special focuses on entrepreneurship and integrated security in event management. Tech currently offers an executive data analytics certificate program.
Old Dominion University doesn’t offer an MBA specifically for executives, but its School of Continuing Education provides customized training for employers who don’t want to put employees “through a full-blown degree,” says Renee Felts, its assistant vice president for academic initiatives and continuing education.
Faculty can create a crash course on anything from soft skills to advances in cybersecurity. Classes can be taught in person, online or via a hybrid of the two. Fees depend on what’s created, and employers may pick up the tab.
“We feel like it’s a well-kept secret,” Felts says.
Executive education doesn’t come cheap, although the payoff can be career advancement and a bigger paycheck. Prices for these programs currently range from $995 for George Mason’s two-day real estate analytics course to $183,000 for U.Va.’s Global Executive MBA. Financial help is often available through the universities or an employer.
Caitlyn Read was associate director for communications at James Madison when she decided to apply for an executive MBA several years ago. She looked at several but says it made financial sense to enroll in JMU’s program since the university, as her employer, would pay for it.
“Our cohort was small, around 20 people. When it’s that small, you rely on each other for a lot. Some of my classmates are still mentors for career growth, some on how to navigate my career,” she says. “We still stay very close.”
Read graduated from JMU’s executive MBA program in 2018 and in 2020 became the university’s spokesperson and director of communications. She’s now its manager for state government relations.
Getting facetime
One important aspect of MBA programs that has remained the same is networking, even in the post-pandemic era.
A report released in May by UNICON, a global consortium of business-school-based executive education organizations, found that the pandemic opened people’s eyes to what could be accomplished in online MBA classes, but there’s still a strong preference for at least some in-person classes.
W&M’s executive MBA program, like those at other Virginia public universities, attracts students with anywhere from eight to 20 years of work experience who have C-suite ambitions. Others have started their own businesses or are preparing to do so, White says.
At the start of their education, students are paired with a certified leadership coach, whom they meet with regularly throughout the program, and they have access to executive partners — about 100 semiretired or retired executives who serve as additional advisers and mentors.
“The Executive Partners program is just a tremendous wealth of support and insight that we have at our fingertips anytime we want it,” Fleming says. “I can reach out to an executive within the marketing arena and learn from his or her experiences [and] have conversations. For example, we had one class where a group of executive partners came in and they did breakout discussions with us on a particular case. We spent time with them in small groups getting their perspective, and it was really exciting.”
VCU students are required to attend in person the first weekend of each month, then have the option of attending in person or online. During their summer semesters, they have the option to add a concentration in either corporate finance or health care management.
“One of the big benefits of the program is the networking,” Boyd says. “We feel it is really important to be integrated into their cohort.”
Although Fleming left Blackboard to start her own business before entering William & Mary’s MBA program, White notes that most of the university’s executive MBA students receive promotions or other career opportunities after earning their degrees.
“It’s very rare,” White says, “for someone to complete the program and have the same position at the end that they did in the beginning.”
Internships often help college students learn what they want to do as a profession by expanding their horizons, providing on-the-job experience or helping them change paths to follow a new passion.
For instance, an internship helped Virginia Commonwealth University student Oscar Kemp discover that his interest in domestic social work applied just as well to international policy. Another Ram, Kimesha Robinson, decided to switch her major from accounting to finance. And Chadwick Davilsaint kept doing what he loves — performing arts — but he got paid for it.
All three VCU undergrads were beneficiaries of the university’s new Internship Funding Program, which started this summer. A total of 51 students received up to $5,000 each to supplement unpaid or underpaid internships.
The university’s new funding program is vital, says Megan Hollis, VCU Career Services’ associate director of health sciences career advising. Although many students would benefit from internship experiences, often those who come from middle- to lower-income households cannot afford to take on nonpaying or low-paying internships.
“A lot of students have to make the choice between working a [paid] job and getting experience” via an internship, she says. “This way, they don’t have to work part time” to cover living expenses while interning and can concentrate on learning skills and networking opportunities.
Undergraduate college students who complete paid internships land higher-paying first jobs a year after graduation, according to research released in March by Strada Center for Education Consumer Insights.
In the past, when internships were rarely paid, only students with independent income or family wealth could participate, and although more interns receive pay now, access is uneven. Less than one-third of recent graduates participated in a paid internship, Strada reported, and “Black and Latino students, women, low-income and first-generation students are less likely to experience a paid internship.”
However, programs like VCU’s Internship Funding Program aim to increase access to internships with funding. More than 40% of the first group of VCU recipients are first-generation college students and almost half are eligible for financial need-based federal
Pell Grants.
Twenty-four percent of the VCU internship program participants received immediate offers of further employment, either full-time or part-time jobs or continued internships, Hollis notes.
Among the industries represented in the program’s internships this year were arts, biotech, business, engineering, education, financial services, health, government, law, manufacturing, retail, technology and transportation. For several students, the internships also provided international experience.
Broadening the scope
A Danville native, Oscar Kemp is a first-generation college student who started out studying social work. This summer he was a Public Policy and International Affairs (PPIA) fellow at the University of Michigan’s Public Policy and International Affairs Junior Summer Institute.
“Being a Black student from a low-income community, my scope was limited,” Kemp says. He knew about social services jobs in the United States, but adds, “I didn’t know I could work for something like USAID [U.S. Agency for International Development] in Africa.”
The institute gave Kemp and his colleagues extensive training in economics, statistics, health care policy and writing to prepare them for graduate school and for leadership roles in public service.
“I was meeting diplomats. We were crafting statements. We did a policy memo. They were trying to get us into the swing of things,” he says.
As part of the program, Kemp received a stipend, but VCU’s funding “closed the gap,” he says. “The internship program helped me get there and it helped me excel in that program.”
The chance to study at the University of Michigan had special meaning for Kemp, whose family has roots in nearby Detroit. “This has been my dream school ever since I was a child,” he says. “I had applied to the University of Michigan and was denied. This brings it full circle.”
Meanwhile, Leesburg resident Kimesha Robinson spent six weeks at JPMorgan Chase & Co.’s New York City offices as part of the investment bank’s Advancing Black Pathways Fellowship Program’s corporate and investment banking track.
The six-week program is designed to give students from underrepresented groups a pathway to opportunities in the financial sector. It focuses on building general business skills and exposes participants to various areas of the financial industry.
Although Robinson received a paid internship through JPMorgan, it wasn’t enough to cover her living expenses. “New York is super-expensive. It’s something I had no idea how to get help with,” she says.
Without additional help from VCU, she adds, “I don’t think I would have been able to go to JPMorgan. I was able to take advantage of opportunities. I was able to network. I got to meet a couple of vice presidents. I could stay late or come in and talk with those people,” she says, instead of perhaps having to take on a part-time job to make ends meet.
Also, Robinson says, she made a difference in others’ lives. “I got to work with a bank that helps disadvantaged groups in Mississippi and Arkansas. I helped them get clients who were usually targeted by payday lenders.”
The VCU program not only provided funding for living expenses but also gave “super-helpful” career support, according to Robinson. “They helped me navigate through the process” of applying for the internship and “they reached out to the company on my behalf” when a problem arose.
Back in Richmond, theatrical performance major Chadwick Davilsaint spent his summer as an intern at The Conciliation Lab, a social justice theater company that collaborated with VCU’s arts school.
He had the chance to help create an original script — titled “Whitesplaining” — based on research and interviews to explore whiteness through the lens of systems such as media, religion and education.
“It was very personal and emotional to be able to go through this process,” says Davilsaint, who also was a cast member in the September production. “My professor said it’s like birthing a child. It’s been a process of unlearning and looking at things from a new perspective.”
Davilsaint had been prepared to work for free at the nonprofit theater but says he was grateful to have the extra funding, which went toward housing, food and transportation.
“The internship helped me so much. I have no car; transportation is hard. I don’t have a good financial background,” he says. For students like him, he says, having the safety net of the Internship Funding Program “alleviates fear.”
Both sides benefit
As many workplaces tackle the issue of hiring a more diverse workforce, expanding access to internships makes a difference to employers, too.
Diana Villarreal, director of volunteers and community engagement for Ronald McDonald House Charities of Richmond, leads the nonprofit’s unpaid internship program, which is crucial to its support of families with critically sick children.
Villarreal typically works with five to eight interns per semester, and VCU’s Internship Funding Program has allowed some students to intern there who otherwise couldn’t afford to give their time, she says.
One VCU student — Nejla Pašic — who applied for the summer term “blew us away in the interview,” Villareal says. “We had her come onto an internship role at a little higher level. She had the ability to take on more” at Children’s Hospital of Richmond at VCU.
Pašic — a health, physical education and exercise science major with a minor in psychology — spent time interacting with patients, parents and siblings and distributing coffee, snacks and toys. She also helped oversee the family sleep rooms, places that are reserved for caregivers of the critically injured or ill children.
Pašic says she benefited from the educational experience at RMHC. “At first, I was interested in a different career path, but now I want to stick with nonprofits. It’s really great.” She also appreciated the practical benefits of the funding from VCU. “It helped me with gas. Gas was very pricey this summer.”
The internships are a win-win for both RMHC, which benefits from the skills and enthusiasm of interns like Pašic, who gain valuable experience from the organization, Villarreal says. “We help them think through their area of study and connect them with other professionals. We want to provide great professional development and work experience that helps them decide the next steps they want to take.”
In addition, she says, “we also want the students to get a solid foundation of how a nonprofit operates, in case they choose to go into the nonprofit area.”
Next steps
Beyond administering VCU’s Internship Funding Program, Hollis also is tasked with evaluating applicants, sending out information, helping them negotiate the professional world and sometimes assisting them with budgeting.
Hollis used the National Association of Colleges and Employers’ career readiness survey, which examines teamwork, professionalism, self-development, communication and other measures to help students evaluate their own competencies.
“They rated themselves at the beginning and at the end. It pushed them to think critically about what experiences they had and where they want to go,” after the internship, she says.
The decision to launch internship funding at VCU, Hollis says, “came out of our strategic plan. We learned from peer institutions. We did benchmarking with a lot of schools. We tried to tailor it to best fit our students’ needs.”
Overall, “we got positive feedback” from the first round of funding, Hollis says. The program “did exactly what we wanted it to do. It relieved [financial and life] stress.”
Kemp is now back at VCU as a senior and is researching graduate schools.
His experience this summer “shifted my graduate program focus,” he says. “Prior to this program, I believe I would have gotten a graduate degree in social work. I didn’t realize there were other things, like international affairs.”
Now, he is asking himself, “‘How can I take my social work background into international affairs?’ I’m taking French and a minor in public management.” Also, Kemp plans to travel to Rwanda during winter break, a trip devoted to “peace, healing and conflict resolution.”
Davilsaint, a junior, plans to continue his acting training. But he’s also becoming more focused on the financial realities of the entertainment industry, which is notoriously hard to break into.
“From here I’m going to develop my financial intelligence. I have to take the initiative,” he says. “I’d like to leave college with an investor mindset, so I never give up my soul to another man or money.”
After Pašic’s successful internship with RMHC, Villarreal says the organization offered the senior a part-time position as family services coordinator. “She was such a wonderful presence. She was building relationships in a professional manner and reducing stress for families.”
Robinson, who has “a couple of semesters left” to complete, says her Wall Street internship “helped me refocus on what I wanted.” She’s switched her major from accounting, because “I found out finance has such a broader reach.”
And she’s going back to JPMorgan Chase next summer: “I just got a contract.”
Founded
VCU was founded in 1838 as the Medical College of Hampden-Sydney and was later renamed the Medical College of Virginia. In 1968, MCV merged with Richmond Professional Institute to form Virginia Commonwealth University.
Campus
VCU has two campuses in downtown Richmond covering a total of 168 acres. The Monroe Park Campus houses most undergraduate students and classes. VCU’s five health sciences schools and VCU Medical Center are located on the MCV campus.
Enrollment
Undergraduate: 21,717
Graduate: 5,695
In-state: 86%
International: 1,033
Employees: 23,200+*
Faculty
Full-time faculty: 2,441
Full-time university and
academic professionals: 3,006
Tuition and fees
In-state tuition and fees:
$15,642
Tuition and fees (out of state):
$37,588
Room and board and other fees:
$12,239
Average financial aid awarded
to full-time freshmen seeking
assistance: $18,887
McLean philanthropists Joanne and William E. Conway Jr. have given $13 million to Virginia Commonwealth University’s School of Nursing, the university announced Monday. The gift is the largest in the school’s history and will provide more than 1,000 undergraduate and doctoral students with scholarships over the next five years.
Bill Conway is co-founder, interim CEO and non-executive co-chairman of The Carlyle Group, the Washington, D.C., private equity firm that was once co-led by Gov. Glenn Youngkin before he left to pursue public office. Bill and Joanne Conway committed $14 million earlier this month to the University of Virginia’s School of Nursing, where it will provide at least 175 need- and eligibility-based scholarships for nursing students.
The VCU gift is through the Conways’ Bedford Falls Foundation, and the couple has donated $18.5 million to its nursing school since 2019. VCU expects to expand nursing enrollment — currently at 930 — by 15% each year with the donation. More than 70% of VCU undergrad nursing students qualify for need-based scholarships, and the gift will allow the school to increase the number of scholarships by 37% over the next five years.
“Nurses are essential,” Bill Conway said in a statement. “Joanne and I believe that, by reducing the financial burden for nursing students at VCU School of Nursing, the school will be better equipped to expand its programs to address the critical nursing shortage. When nurses face a lower debt burden, they can more easily achieve their personal and professional goals.”
Although the pandemic severely reduced the number of practicing nurses in hospitals who sought jobs in private health care or left the industry entirely, the shortage already was bearing down on the field, with many nurses and nursing faculty set to retire this decade.
“This gift will fundamentally transform the VCU School of Nursing program, allowing us to offer much-needed financial support to our students who are the future of the nursing profession,” Jean Giddens, professor and dean of the VCU School of Nursing, said in a statement. “The Conways’ generosity will have an enormous impact on building a diverse pipeline of early-career nurses and future researchers and gives VCU the important responsibility of educating and delivering that workforce. I am deeply grateful for their commitment to our students.”
Nonprofit drugmaker Civica Rx is investing $27.8 million to establish a new 55,000-square-foot laboratory in Chesterfield County’s Meadowville Technology Park, Gov. Glenn Youngkin announced Thursday.
The expansion will add 51 jobs, according to a news release. The company will also host a scale-up manufacturing facility run by Virginia Commonwealth University’s Medicines for All Institute, which will add more jobs.
“Civica’s investment is another transformational step forward in strengthening the advanced pharmaceutical manufacturing hub in the Richmond-Petersburg region and positioning Virginia as a key player in domestic drug manufacturing in America,” Youngkin said in a statement. “Civica is a critical partner in the commonwealth’s emerging pharmaceutical ecosystem that will ensure access to affordable, lifesaving medications while providing high-quality jobs and an incredible boost to our economy.”
Construction of the lab is being funded through a $52.9 million grant from the U.S. Economic Development Administration to the Alliance for Building Better Medicine, Youngkin’s office said. Civica is providing matching capital. The alliance is a coalition of industry and public organizations from the Richmond and Petersburg regions that aim to advance and scale up the manufacturing of affordable, essential medicines in the United States. It includes Civica, Richmond-based Phlow Corp., VCU and Virginia State University.
In April, Civica said that its new factory will include space for insulin manufacturing after donors expressed concern over the cost of insulin. Civica plans to produce three forms of insulin priced at $30 per vial. The sweeping Inflation Reduction Act places a $35 monthly cap on insulin prices for Medicare patients, but a measure that would have extended that cap to all insured Americans was blocked by Senate Republicans.
“With this investment, Civica is building on its long-term commitment to patients — and to Virginia,” Civica President and CEO Ned McCoy said in a statement. “This lab will support a skilled and highly trained workforce who will ensure Civica’s affordable insulin, as well as other essential medicines, meet the highest standards.”
The lab testing facility is expected to open soon after the Petersburg plant.
The Virginia Economic Development Partnership worked with Chesterfield County to secure the project and Youngkin approved a $400,000 grant to the county for assistance. The Virginia Talent Accelerator Program will help with recruitment and training for the new jobs. In addition, Chester-based Brightpoint Community College has created a training program to help people gain qualifications for manufacturing technician jobs at the upcoming Civica Petersburg plant, Youngkin said.
Virginia Tech announced Wednesday it has named Amy Stoakley Sebring, currently chief operating officer at William & Mary, as its executive vice president and COO, effective Nov. 1.
“I am very pleased to welcome Amy to the university community and our leadership team,” Virginia Tech President Tim Sands said in a statement. “She brings a deep understanding of the business of higher education; great expertise in supporting the teaching, research and engagement mission; and strong relationships in Richmond and higher education in the commonwealth.”
Chris Kiwus has been serving as interim senior vice president and chief business officer while Tech searched for a permanent COO.
Sebring will report to the Sands and work with the executive vice president and provost, the executive leadership team and the Virginia Tech Board of Visitors. She will lead financial and operational activities, including information technology, human resources, policy and governance and planning and facilities management.
“President Sands’ transformational vision to become a top 100 global research university, and the clear momentum the university has to achieve this, captured my interest immediately,” Sebring said in a statement. “As Virginia Tech looks to the future, it is critical that the university align its human, capital, technological and financial resources strategically to maintain and accelerate this momentum.”
Sebring has worked in senior financial management positions at William & Mary for the past seven years. She became COO in 2020 after serving as the school’s chief financial officer and vice president for finance and technology since 2016.
From 2006 to 2016, Sebring served as senior associate dean for finance and administration at Virginia Commonwealth University’s School of Medicine and as the executive director of MCV Physicians, the affiliated faculty physician group practice.
Before entering the higher education field, Sebring worked for Virginia state government. She held varying roles, including as a higher education and debt analyst for the Virginia Senate Finance Committee, finance policy director for the State Council of Higher Education for Virginia and a budget analyst for the Virginia Department of Planning and Budget.
She began her career as a research associate with the Education Commission of the States, a Denver-based nonpartisan policy organization.
Sebring served as the 2020-21 chair of the Council of State Senior Business Officers. She previously was the 2018-19 vice chair. From 2015 to 2016, Sebring served as chair of the Association of American Medical Colleges’ Group on Business Affairs.
She has a bachelor’s degree from Duke University, a master’s degree in public policy from William & Mary and a certificate in accounting from Virginia Commonwealth University.
Virginia Commonwealth University Massey Cancer Center and VCU Health announced Tuesday that Dr. Paula M. Fracasso, formerly of the University of Virginia, is now the cancer center’s deputy director and senior vice president of the health system’s cancer service line.
An oncologist, former pharmaceutical executive and medical school professor, Fracasso joined VCU and the Massey Center this month. Fracasso will work with leadership at Massey, VCU Health and the VCU School of Medicine to coordinate patient care, education and research initiatives concerning cancer.
“I’m excited to be joining such a strong, accomplished team of clinicians, researchers and staff all motivated by our shared mission to reduce the cancer burden for all Virginians,” Fracasso said in a statement.
“Dr. Fracasso’s deep expertise across the spectrum of patient care and clinical and translation research in [National Cancer Institute]-designated cancer centers will greatly contribute to our continued efforts to enhance patient care by streamlining operations under a centralized cancer service line,” VCU Medical Center President Michael Roussos said in a statement.
Fracasso, who served as professor of women’s oncology research as well as deputy director of U.Va.’s cancer center, previously worked at Washington University in St. Louis, Bristol-Myers Squibb Co. and Adaptimmune Therapeutics PLC. At Washington University in St. Louis, she built the Siteman Cancer Center’s Developmental Therapeutics program for phase 1 and 2 clinical trials. She is also a member of the NCI’s operational efficiency working group, which aims to speed up the pace of clinical trials.
Fracasso holds an undergraduate degree from the College of the Holy Cross and medical and graduate degrees from Yale University. She completed her internal medicine internship and residency at Beth Israel Hospital in Boston, her postdoctoral research fellowship at the Massachusetts Institute of Technology and her clinical fellowship in hematology-oncology at Tufts Medical Center.
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