Case Study
Hope Enterprise Corporation, with a commitment from Goldman Sachs, partnered with seven cities and nine historically Black colleges and universities to launch the Deep South Economic Mobility Collaborative (DSEMC). These include Alabama State University, Miles College, Philander Smith College, Southern University and A&M College, Dillard University, Xavier University of Louisiana, Jackson State University, Tougaloo College, and LeMoyne-Owen College. This collaborative formed to stabilize and strengthen businesses and communities devastated by the economic crisis. DSEMC invests in small businesses and entrepreneurs in the Deep South, particularly those from underserved and under-resourced communities. As a member of this collaborative, Alabama State University will expand its work to provide more technical assistance, business support and procurement opportunities to local businesses. The ASU Small Business Development Center (SBDC) has helped to launch and support hundreds of small and minority-owned businesses and its involvement in DSEMC allows the SBDC to continue to build their capacity to support the growth and advancement of community businesses.
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“Hannon Armstrong joins ENGIE and Meridiam in the “Hawkeye Energy Collaborative,” which was awarded a $1 billion 50-year utility management concession contract in December 2019 and reached financial close on March 10, 2020. Hawkeye Energy Collaborative will support the University of Iowa’s energy, water, and sustainability goals for two campuses spanning 1,700 acres in Iowa City, Iowa. Under the agreement, ENGIE will operate, maintain, optimize, and improve the on-campus utility systems for the University. The scope includes providing heating, cooling, and electricity to the campuses through a dedicated network while also managing high-quality water, sanitary sewer and storm sewer services. Notably, the P3 will help the University of Iowa meet its zero-carbon energy transition objectives, becoming coal-free in energy production on campus by January 1, 2025, if not sooner.”
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Case Study
Hope Enterprise Corporation, with a commitment from Goldman Sachs, partnered with seven cities and nine historically Black colleges and universities to launch the Deep South Economic Mobility Collaborative (DSEMC). These include Alabama State University, Miles College, Philander Smith College, Southern University and A&M College, Dillard University, Xavier University of Louisiana, Jackson State University, Tougaloo College, and LeMoyne-Owen College. This collaborative formed to stabilize and strengthen businesses and communities devastated by the economic crisis. DSEMC invests in small businesses and entrepreneurs in the Deep South, particularly those from underserved and under-resourced communities. As a member of this collaborative, Alabama State University will expand its work to provide more technical assistance, business support and procurement opportunities to local businesses. The ASU Small Business Development Center (SBDC) has helped to launch and support hundreds of small and minority-owned businesses and its involvement in DSEMC allows the SBDC to continue to build their capacity to support the growth and advancement of community businesses.
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The university is working with energy storage firm Stem, Inc. to implement the company’s software-driven energy storage service to drive down energy costs across the university. “CSU Dominguez Hills is another example of a higher education leader who seeks Stem’s automated energy savings while also contributing to more intelligent grid solutions,” said John Carrington, CEO of Stem. “California’s universities and colleges want energy storage to help them control their energy choices, play a strong role in their community, and help transition the state to even higher amounts of renewable energy.”
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Clemson University has deployed a distributed energy storage system in an effort to reduce energy costs and to provide engineering students an opportunity to practice measuring and tracking energy savings. “Our distributed energy storage system is a natural extension of our core businesses in the buildings and battery markets and partnering with Clemson University allows us to help deliver the kind of smart and integrated energy management that will keep students and faculty comfortable while driving down utility costs,” said John Schaaf, vice president of distributed energy storage at Johnson Controls, in a prepared statement.
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Local universities leveraging their faculty and staff to help spur expansion of critical local businesses and industries makes those businesses and industries more investable – and Maine lobster is a perfect example. Ready Seafood developed a lobster processing plant, creating a surge in local economic development and business expansion. With funding from the Maine Technology Institute, Ready Seafood, in collaboration with the University of Maine and St. Joseph’s College will study lobsters and the sustainability of the lobster industry in Maine by exploring ways to improve lobster quality, shipability and yield.
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Livable City Year program is a partnership between cities in Washington state and UW’s faculty and students from various disciplines to strategize solutions to the specific community’s needs. Since 2016, this university program has produced numerous projects for the cities of Auburn, Tacoma, and Bellevue including enhancing Startup 425, a program that provides value-adding services to local startups and neighborhood planning projects.