Connect NC Bond Will Grow Science Education
The Connect NC bond proposal includes $2 billion for UNC system campuses, community colleges, public safety, water and sewer grants, state parks and agriculture. North Carolina has grown by 2 million people since the last bond campaign in 2000. The state’s infrastructure, including educational facilities, is not keeping up with this growth.
The bond would provide $980 million for facilities on UNC system campuses and $350 million for community colleges. Investment in our education infrastructure would have lasting impact on our region’s ability to attract and retain companies offering high-paying jobs. The need for new and refurbished buildings on UNC system campuses reflects the demand for science education to help drive a globally competitive, growing North Carolina. Companies such as Duke Energy and AREVA in the energy sector, Siemens and Sealed Air in advanced manufacturing, Carolinas HealthCare System and Novant in health care – and many others – are seeking graduates educated in science, technology, engineering and math (STEM) disciplines.
- No new taxes required to pay for the debt service.
- Maintains North Carolina’s AAA bond rating.
- Debt service will be $1.1 billion lower in 2020 than it is today.
- Proportion of N.C. General Fund required for debt service will decline.
- Historically low interest rates.
$50 Million for Winston-Salem State University (WSSU) – Sciences Building
On March 15, 2016, voters will have the opportunity to vote on a statewide bond package. The Connect NC bond will fund the $50 million construction of the Winston-Salem State University’s new Sciences Building. Slated to have more than 100,000 square feet of teaching and research space, the building will feature laboratory and learning spaces for multiple academic programs across the sciences, including biology, chemistry, physics, and health sciences. The building will anchor the Science District of the Winston-Salem State University campus and will serve as a hub for innovation and collaboration.
In addition, the building will house the university’s biomedical research infrastructure center, bringing all science laboratories within close proximity to significantly increase faculty and student collaboration.
If the bond passes, the project is estimated to take a little over two years to complete. Learn more . . .