With both institutions on more stable financial ground, the colleges in July tapped the bond market for a combined $47.1 million. Some proceeds are being used to refinance debt Goodwin took on to complete its UB acquisition. KeyBank and Liberty Bank helped finance the purchase, while the state Department of Economic and Community Development provided a $7.5 million low-interest loan, which remains active and current, according to DECD. Goodwin will also invest $10 million in new programs and infrastructure upgrades at both campuses, with a focus on addressing the state’s key workforce shortages in manufacturing and nursing. In Bridgeport, funding will be used to make improvements to School of Engineering labs, adding capabilities related to artificial intelligence, robotics, automation, green technology, biomedical engineering and 3D printing. There will also be renovations to an existing 8,000-square-foot building on campus that will be converted into a new welcome and admissions center. Upgrades will be made to sports science and nursing program spaces, parking areas and athletic fields.
https://www.hartfordbusiness.com/article/three-years-after-joining-forces-goodwin-university-univ-of-bridgeport-eye-campus-upgrades