During his sixth annual Presidential Address, Marquette University President Michael R. Lovell announced that the university will build a new home for the College of Business Administration and innovation leadership programs at the corner of 16th Street and Wisconsin Avenue, the former site of McCormick Hall, which was demolished last fall.
In making the announcement to more than 400 people at his President’s Address, President Lovell lauded Marquette’s alumni, parents and friends for their passion and generosity. Marquette’s fundraising team raised more than $44 million for the project in less than 18 months, including 12 gifts over $1 million.
“Marquette Business has a long history of developing ethical, Jesuit-educated leaders who live and work in Milwaukee and the top financial hubs across the world,” President Lovell said. “Through innovative design features and flexible learning spaces, our newest academic facility will help foster creative thinking for students from all disciplines.”
The $70-million building is being funded primarily through generous philanthropic support from alumni, parents and friends. Broad-based fundraising for this project will continue, with the desire to break ground in fall 2021.
Marquette’s newest academic building will anchor the west gateway to the heart of its urban campus, bringing together world-class faculty, students and industry leaders to build a talent pipeline for the region’s business community and advance economic development.
“Marquette Business is home to three of the university’s top 10 undergraduate majors, reflecting the growing demand for business leaders in our region,” Daniels said. “Our curriculum is infused with experiential learning opportunities, which is what our students and employers demand. This new facility will mirror our collaborative applied learning style and position us as a convener of important conversations on the future of business in our region.”
The facility will also house interdisciplinary innovation leadership programs that help develop leaders who mobilize others to think creatively, act boldly and deliver solutions. This dedicated innovation space builds on recent efforts to develop an inclusive culture of innovation across campus through research and programming in the Kohler Center for Entrepreneurship in the 707 Hub, the Women’s Innovation Network, the Athletic and Human Performance Research Center, and many colleges.
One such innovation leadership program is the nationally acclaimed, interdisciplinary “Excellence in Leadership” (E-LEAD) program, created by Dr. Kristina Ropella, Opus Dean of the Opus College of Engineering. Students who take part in the three-year program learn how to lead oneself, lead with others and lead innovation.
Marquette Business faculty, staff, students and alumni will take part in an inclusive design process to ensure the new building addresses the needs of tomorrow’s students, educators and businesses. In addition to dedicated innovation leadership space, the building is expected to include several unique components that will transform Marquette’s business education, including:
- Wrap-around advising and career guidance, with centers for student success and career development on the ground floor.
- A new multi-functional special event space where top executives and recruiters will meet and interact with the next generation of leaders.
- Upgraded signature labs and classrooms, including a pitch stage where business students will competitively share their ideas with industry, investors and the larger community.
The College of Business Administration has been housed in Straz Hall for the past 35 years. It is home to three top-25 U.S. News & World Report ranked programs: real estate, executive MBA and supply chain. Over 90% of Marquette Business students are employed or attending graduate school within six months of graduation.