Shannon School of Business Advisory Board Announces $12 Million Campaign

CBU Board of Governors Approve New Shannon School of Business Building
Today, Cape Breton University’s Board of Governors approved an infrastructure investment of $1 million to support construction of a new Shannon School of Business (SSOB) building. The $8 million building is a major component of the overall $12 million goal of the Cornerstone Campaign. Construction for this significant campus expansion project, spearheaded by Joe Shannon, the Shannon Advisory Board and other CBU supporters including George Unsworth and Pat Bates, is set to break ground as soon as possible. The Cornerstone Campaign is Shannon’s third fundraising project to raise funds and profile for Cape Breton University; past initiatives include Partners in Progress (1988) and Future First Campaign (2006).


Shannnon School of Business

This building, which will be connected to CBU’s soon to open Centre for Sustainability in Energy and the Environment, is yet another example of the University’s commitment to creating a campus environment that fosters innovation and academic excellence, providing students with access to outstanding resources and facilities in a highly competitive environment. This facility will reinforce CBU’s successful business student recruitment efforts and clearly demonstrates its commitment to the delivery of content in appropriate surroundings. It is anticipated that the structure will be ready for Fall entry 2012.

“It is no secret that the CBU campus is evolving at a rapid pace. We are addressing the needs of a student body which is expected to be progressive and capable entering a global workforce. Business students mentored in this new learning environment are the leaders of the future, and I am proud to say that at CBU we are influencing and inspiring these students, ensuring that they are well equipped to enter into the business world, prepared and ready to take on all challenges,” says President & Vice-Chancellor, John Harker.

This notable addition to campus will provide students, faculty and staff of the Shannon School of Business with a School with 25,000 additional square feet of learning space that includes several case study rooms, enhanced classroom space, a modern Board room, state-of-the-art technology and a student lounge in addition to faculty offices.  This facility, with its 500 seat capacity of new classroom space, will attract more students who are drawn to the multi-faceted world of business and will support the needs of a growing and accomplished current business student community.

Joe Shannon, Chair of the Shannon School of Business Advisory Board, has long been a believer in the potential of CBU students and says that “Shannon School of Business students are going to work in a business world that transcends borders, reflects needs that are international in scope and demands excellence. Collectively, the Advisory Board sees the capacity and potential of the SSOB undergraduate and graduate students and they deserve to gain knowledge in the best possible learning environment – one that develops their talents and sees them share the power and value of a sound business education.”

Over the past few months, the group has begun to raise funds toward the $12 million Cornerstone Campaign with a fundraising goal to support the $8 million SSOB building expansion and $4 million for the Purdy Crawford Chair in Aboriginal Business Studies. To date, $9.2 million has been raised through private and government sector commitments, including that approved by the CBU Board of Governors today.

The Shannon Advisory board is comprised of a dedicated group of experienced and respected business leaders including Mr. Joe Shannon, Mr. Purdy Crawford, Sir Graham Day, Mr. Meredith (Sam) Hayes, The Honourable Kevin G. Lynch, Mr. Louis J. Maroun, The Honourable A. Anne McLellan, Mr. John T. McLennan, Ms. Susan Murray, Chief Terrance Paul and Mr. Harold Schwartz.