EDISON — In November, New Jersey voters will be asked to approve the Building Our Future Bond Act, a capital investment in academic and research facilities at New Jersey’s colleges and universities. It aims to prepare students for a global economy, attract businesses, innovators and entrepreneurs, and power New Jersey’s economy into the future.
“The bond will provide $750 million in capital investment to support the state’s colleges and universities,” said Middlesex County College President Joann La Perla-Morales. “It will help provide a world-class education for our students and help the state’s economy grow. The business community and labor are strongly behind this initiative, and it passed the state legislature and was signed by the governor with overwhelming bipartisan support. We plan to upgrade all 15 of our science labs – labs that are now almost 50 years old, creating state-of-the-art facilities for biology, chemistry, physics and geology. It will also include an expansion of the biotechnology lab. MCC has a very strong science program and it is important that it stays on the cutting edge.”
She noted that Central New Jersey is the capital of pharmaceutical and biotechnology companies, and there is a huge need for qualified employees. Passage of the bond will allow Middlesex to supply these employees, and help New Jersey’s economy thrive.
“It is also important to understand that bond act funds will only be used for academic facilities,” Dr. La Perla-Morales said. “The last time New Jersey invested in capital improvement at its colleges and universities was almost 25 years ago. Our students need and deserve a world-class education. The fate of New Jersey’s economic success depends on it.”
She added that the Bond Act strives to keep the best students, innovators and entrepreneurs in New Jersey.
“Our last major investment took place 24 years ago,” she said. “Meanwhile, New York and Connecticut are investing hundreds of millions of dollars annually in higher education facilities.”
The Bond Act passed this summer with overwhelming bipartisan support by the state Legislature and signed by Gov. Chris Christie. If approved by New jersey voters in November, the referendum would authorize $750 million in state bonds that would provide grants to New Jersey’s public and private two-and dour-year higher education institutions and Restrict its use to construction and modernization of academic and research facilities only, and not bureaucratic buildings or sports facilities.
The Building Our Future coalition comprises a broad-based support network that includes bipartisan leaders in Trenton, business and commerce groups from across the state, dozens of colleges and universities, trade, trade unions and student organizations.
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