Campus: Cal Poly, San Luis Obispo -- November 16, 2001
Bank of America Donates $1 Million to Cal Poly for New Community Development Program
Bank of America is donating $1 million to Cal Poly to help establish
a community development program.
The $1 million gift to the Orfalea College of Business will allow the
college to partner with the university's College of Architecture and Environmental
Design to create a new community development program and add an endowed
community development professorship in the future.
The new program will train students in the latest techniques to plan and
develop healthy communities free from problems such as poverty, blight,
crime and homelessness.
The gift was announced today (Nov. 15) at a statewide conference currently
going on at the university. Titled "Community Development in the
New Century," the conference is examining the latest trends and practices
in community development. Cal Poly is also seeking input from conference
participants on how to set up its new community development program.
Company officials said Bank of America's support for the Cal Poly initiative
is based on the university's track record in business and community planning
and the potential to create a program that will benefit the Central Coast
as well as the entire state.
"Cal Poly and Bank of America share a vision of how innovative community
development can address critically important needs in our society,"
said Greg Bland, the bank's market president for San Luis Obispo County.
The university has participated in the annual Bank of America Affordable
Housing Challenge, in which student teams from colleges and universities
across California design affordable housing projects for their communities,
noted Irene Yee Riley, regional executive for the bank's California Community
Development Banking Group.
Cal Poly's past teams in the Affordable Housing Challenge have consisted
mainly of students and faculty advisers from the City and Regional Planning
Department in the College of Architecture and Environmental Design.
"We've seen Cal Poly's strong commitment to community needs,"
Riley said. "This is why we're pleased to support the university's
exciting community development effort. Our support is part of our unprecedented
10-year, $350 billion commitment to community development. Bank of America
is the nation's leading commercial bank in its commitment to the revitalization
of distressed neighborhoods."
Cal Poly officials said the gift will enable the university to strengthen
its existing education offerings in community development and aid California
"This gift from Bank of America represents a significant recognition
of Cal Poly's strengths as a community-oriented institution. And, it's
an important opportunity for the university to increase its activities
in the area of community development," said William Pendergast, dean
of Cal Poly's Orfalea College of Business.
Plans call for students in the new community development program to work
with local Central Coast communities and cities and towns across California
on issues such as affordable housing, economic development, crime reduction,
family-friendly neighborhoods and growth.
The university wants to establish a community development center where
nonprofit agencies, service organizations, cities and towns would be able
to work with students and faculty members on real community development
"We're looking forward to setting up a community development center
at Cal Poly that's fully responsive to the needs of area organizations,
agencies and residents," said Martin Harms, dean of Cal Poly's College
of Architecture and Environmental Design.
The new program and center "will benefit the region through help
with various planning issues such as low-cost housing, social entrepreneurship
and other activities that strengthen local community resources,"
The center would be another facet of Cal Poly's "learn by doing"
tradition, both deans stressed. Students will benefit by doing hands-on
work in local communities, tackling real problems. Explained Harms, "Cal
Poly students in the program will get the chance to learn about community
development through direct contact with ongoing projects as part of their
(Note to Editors and Reporters: For more details on the $1 million Bank
of America gift, contact Bank of America spokesman Harvy Radin at (415)
622-6320, Orfalea College of Business Dean William Pendergast at (805)
756-2705 or College of Architecture and Environmental Design Dean Martin
Harms at (805) 756-1311. For more information on the Community development
Conference at Cal Poly, contact Ray Ladd, CAED associate director of advancement
at (805) 756-7432. For the conference schedule of events visit the conference
Web site at http://www.calpoly.edu/~crp/comdev.html)