FAMU expects to receive $1.7M from World Class Faculty and Scholar Program

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In 2017-2018, Florida A&M University expects to receive $1,748,715 from the World Class Faculty and Scholar Program. The FAMU Division of Finance and Administration included the estimate in the Budget Workbook it prepared for this week’s Board of Trustees meeting.

The Florida Legislature approved the program in the Florida Excellence in Higher Education Act of 2017 (CS/CS/SB 374) that it sent to governor’s desk on June 5. Gov. Rick Scott still hasn’t announced whether he will veto the bill.

According to the act: “The World Class Faculty and Scholar Program is established to fund and support the efforts of state universities to recruit and retain exemplary faculty and research scholars. It is the intent of the Legislature to elevate the national competitiveness of Florida’s state universities through faculty and scholar recruitment and retention.”

The act goes on to describe that the funds from the program may be used for: “investments in research-centric cluster hires, faculty research and research commercialization efforts, instructional and research infrastructure, undergraduate student participation in research, professional development, awards for outstanding performance, and postdoctoral fellowships.”

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