Alberta promises $125M from budget for MacEwan School of Business

Alberta is pledging $125 million over four years to develop MacEwan University’s new business school.

The MacEwan School of Business is a proposed seven-storey tower on the university campus.

The building is expected to include 30 classrooms, 20 collaboration spaces and 15 study spaces. It would add 35,000 square metres to MacEwan University.

Officials say the $125 million, if Tuesday’s budget is approved, would allow the university to support 7,500 new students.

Funding would start in 2024.

“It’s a historic investment that will catalyze further growth, revitalization and optimism in Edmonton and the capital region,” said Carolyn Graham, the board chair at MacEwan University, in a statement.

“A new School of Business building benefits learners, businesses and the community. This growth of our campus and city is only possible with the support of our partners in government.”

The new building is expected to include a simulated trading floor, a hub for international students and a careers office.

“This investment would empower growth at our universities, make higher learning more accessible, create jobs and support local businesses,” Demetrios Nicolaides, minister of advanced education, said in a statement.

“We are excited to see MacEwan’s future School of Business and how it will contribute to Edmonton’s downtown community and strengthen Alberta’s economy.”